Everyone who has been through the divorce process will likely have strong opinions on the right way to do it. Some Michigan residents believe going to court is the only way to get what they want in a settlement agreement. Then there are others who believe in alternative dispute resolution methods. The truth of the matter is, divorce is different for everyone, so having a divorce law attorney who is familiar with all types of dissolution methods is wise.
You are getting ready to go through the divorce process and are concerned about what will happen to your pets. You've heard that other states are starting to allow couples to treat family animals more like children, permitting owners to create pet custody agreements. Michigan divorce law has not, however, changed its stance on this matter. Here, pets are still deemed property.
Michigan residents who are going through the divorce process may make a number of mistakes along the way that can hurt them down the line. Fortunately, it is possible to avoid many of these mistakes with the help of a divorce law attorney. What are some of the most common mistakes made during the divorce process?
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.
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.
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.
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.
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.
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.
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.