Divorce can bring unwelcome surprises when spouses disclose their financial information and bring their own tax and financial professionals onto their divorce teams. Sometimes this involves issues with joint income tax returns. If your spouse took care of filing the...
Parents who divorce when their children are teens often don’t think they need to give much consideration to a parenting plan beyond the scheduling of whose whom their kids will be in on any given day and how holidays and vacation time will be handled. However, teens...
However blissfully unaware of your marital troubles, your children are, at some point, you will have to break the bad news to them. Doing it before someone else does is crucial, as is doing it correctly. Whether you tell the kids with your spouse or separately, you...
You might think divorce is all about the legal paperwork. While that is part of it, divorce is a human story. Unfortunately, that story is often an unhappy one before, during and after the divorce. Some people see divorce as a way to end an unhappy past, yet it is...
Social media is playing an increasing role in the lives of people across America. In fact, certain social media outlets are widely considered to be routine forms of communication. This means that our private affairs are often being discussed in the online realm....
You and your spouse may have been together for many years, even decades. You’ve both played a key role in bringing up your children, who have gone on to build their own lives. Once your children have moved out of the family home, the atmosphere may start to feel...
If you're considering a divorce, you may be worried about the status of your retirement plans. You don't want to suffer such financial losses that you no longer can retire on your own schedule. This is often especially an issue for gray divorce, which involves those...
Getting married is a major milestone. Couples and their loved ones often invest vast amounts of time and money into perfecting that special wedding day, but the planning frequently stops there. Couples tend to view marriage as a union that will last forever. While...
Virtually every divorce involves settling numerous highly complex issues. Among those is separating property and financial assets. Property division in Michigan is governed by a principle of equitable distribution, which means that the courts will divide assets in a...
For some people, such as business owners, filing for bankruptcy only occurs after careful planning. For others, the decision to file bankruptcy is a reaction to a specific financial issue. Some people, recognizing the gradual progression of their debt, may realize...
