Most people are well aware of the statistic that approximately 50 percent of all marriages end in divorce. The reasons for ending one's marriage will vary from person to person and, depending on one's situation, issues such as child custody, child support, visitation, property division, alimony and more may dominate the family law and divorce proceedings.
The Census Bureau estimates that married couples own over three million businesses in the U.S. Given, however, that the statistic that 50 percent of all marriages will end in divorce, business owners who were once married but now divorced must find a way to compromise and work together post-divorce or sell their business.
While many Michigan residents are aware of the statistic that nearly fifty percent of all marriages will end in divorce, couples usually do not marry thinking they will inevitably divorce. But despite the best of intentions, divorce can happen. When it does, both parties are required to disclose all assets as part of the legal divorce process and for equitable division of assets and property.
When irreconcilable differences arise between couples during a marriage, the end of the marriage may be the only solution. But, ending a marriage may only be the beginning of other issues that arise or come to light after the divorce.