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.
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.
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.
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.
A lot is said about divorce, with some estimates indicating up to 50 percent of all married couples end up getting divorced. That is a fact many divorce law attorneys disregard as simply not true and greatly overexaggerated -- as are many other "facts" out there. This week, this column will go over some actual facts regarding marriage dissolutions that some Michigan residents may be interested in knowing.
For some Michigan couples, it is a difficult decision to make; for others, the appropriate decision is clear. Once the decision to divorce has been made, there are a number of legalities that need to be considered. On the surface, divorce law may appear to be a fairly simple concept; however, there are often a number of specifics that need to be taken into consideration.
Living in a world where everything is practically at one's finger tips and there is the constant need for instant gratification, as in getting things done fast, is certainly desirable. However, there are times when people can help themselves simply by slowing down a bit -- such as when going through a divorce. Those in Michigan who need help taking a step back in order to fully consider their dissolution options can seek assistance from an experienced divorce law attorney.
Figuring out the best way to keep things normal for children after divorce is a challenge. Obviously there is going to be a big change in the family dynamic, but it may be possible to make it less traumatic for children by trying nesting. This is not an arrangement that is recognized under Michigan divorce law so it is a plan that parents have to negotiate either on their own, with the help of an attorney and/or through mediation.
Divorce can turn even the nicest person into a bully. It is often a stress and anger-filled time in one's life. While that may be the case, it does not make it right, nor should one have to give in to a bully's demands. A divorce law attorney can assist Michigan residents who are going through the dissolution process to deal with the actions of a bullying spouse appropriately.
When it comes to divorce, there are advantages and disadvantages to ending one's marriage. These will be different for everyone, depending on one's station in life. For couples in Michigan who are dissolving their marriages, a divorce law attorney can help make the disadvantages easier to handle.