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divorce law Archives

Michigan divorce law: How to handle the 401k

Many Michigan residents who are fortunate enough to have 401(k) benefits offered through their employers may consider such accounts as separate property in divorce. This is not often the case, though. For most married couples, this is considered a shared asset -- a pretty significant one. The potential problems with dividing such an asset are many, but a divorce law attorney can make sure one takes all the necessary steps to get it done right.

Michigan divorce law and the hiding of digital assets

The only way a fair and balanced property division agreement can be achieved is if all marital assets are brought to the table. Unfortunately, this does not always happen. In Michigan and elsewhere, there are those who may try to hide digital and other assets in order to keep them for themselves. If you believe this may be an issue for you, a divorce law attorney may be able to help.

A divorce law attorney can prove helpful during mediation

Not every Michigan couple wants to head to divorce court in order to end their marriages. It is okay. There are other options. For example, with the assistance of a divorce law attorney, one may be able to achieve agreeable divorce terms through the mediation process.

Divorce law and your business

The divorce process can be challenging to get through when complex assets are involved -- such as a family or privately owned business. For many couples in Michigan, their businesses may be their biggest assets and subject to property division under divorce law. Before any big decisions can be made on how to handle a shared or privately owned business, there are a few questions that need to be answered first.

Common divorce law mistakes

When thinking about getting a divorce, most couples just want to get it over with as quickly as possible. Going into the process with that kind of attitude can lead each party to make some mistakes that may hurt them in the long run. Here are some common divorce law mistakes that many couples in Michigan and elsewhere make.

Divorce law rulings can be appealed

When a divorce case goes to court because a couple cannot agree on a final settlement, a judge gets to make all the final decisions. This may not seem right sometimes, and not everyone may agree with their court-ordered settlements. Whether one resides in Michigan or elsewhere, a divorce law ruling can be appealed if one disagrees with it.

Michigan divorce law: Tax benefit for alimony payers may soon end

Right now, as current tax laws stand, those in Michigan and elsewhere who pay alimony to former exes have the ability to claim their payments as deductions on their taxes. This is a benefit that saves them upwards of thousands a year. If the current GOP tax plan passes, though, this is a benefit that may soon disappear. According to professionals in the divorce law field, this could prove devastating to the average divorced American.

Michigan divorce law: What does school have to do with it?

Marriage happens when two people want to commit themselves to each other. At the time, nothing else may seem to matter, everyone wants to believe that things will work out for the better. Unfortunately, according to a recent study, some level of life preparation is key to a marriage lasting. When it doesn't, Michigan residents can turn to a divorce law attorney for help.

Michigan divorce law: Why asset division matters

You are going through a divorce and you just want to get it over with. It is understandable, as it is certainly not an easy thing to get through and you just want to start the next chapter in your life. However, before signing your life away, consider how your current asset division agreement will really affect you in the long run. Not sure where to even start? A Michigan divorce law attorney can help.

Michigan divorce law: A look into the Macklowe divorce

Billionaire Harry Macklowe is set to divorce his wife so that he can move on and marry the woman that he really loves. Figuring out how to divide their massive fortune has not proved to be an easy task, however. While it is safe to say that the vast majority of Michigan residents do not have the complex assets involved in this case, it is still an interesting look into how divorce law works for anyone, regardless of their financial circumstances.

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