Divorce is on the rise for older adults in Michigan and nationwide, and this can mean that they have accumulated a substantial amount of retirement savings. There are regulations around dividing retirement accounts in the process. In some cases, a document called a qualified domestic relations order is required. This is not necessary for an IRA, which only requires a divorce decree.
Consider a child's age when creating a parenting plan
Part of looking out for a child's best interests when co-parenting involves creating an effective parenting plan. Michigan co-parents may be interested in learning about some basic guidelines on how to divide time between parents based on a child's age.
