LS | Lisa Stern
Virtual Consultations Available | 248-973-7842
  • Home
  • About
    • Lisa D. Stern
  • Practice Areas
    • Divorce
    • Child Custody
    • Child Support
    • Second Family Adoption
    • Red Flag Laws
  • Blog
  • Articles
  • Contact
LS | Lisa Stern
  • Home
  • About
    • Lisa D. Stern
  • Practice Areas
    • Divorce
    • Child Custody
    • Child Support
    • Second Family Adoption
    • Red Flag Laws
  • Blog
  • Articles
  • Contact
Email

CALL

Lisa D. Stern

Over 30 YearsOf Serving Families In Michigan

  1. Home
  2.  » 
  3. Divorce
  4.  » 
  5. Funds, Property and Debt in a High-Asset Divorce

Funds, Property and Debt in a High-Asset Divorce

On Behalf of Lisa D. Stern | Apr 10, 2020 | Divorce |

Property division is the common thread amongst all divorces in America, with few exceptions. While some divorce cases may involve other issues as well, such as child custody, child support and alimony, every divorcing couple will need to figure out how to divide their assets and debts. As they do, they will need to be sure that all funds, property and debt are considered, particularly in high-asset divorce cases.

Most people probably have more assets than they realize prior to a divorce. They likely have more debt as well. In high-asset divorces, these numbers can make the prospect of dividing assets and debts seem daunting. However, with a full accounting, and a dedication to getting through the legal issue without letting emotions boil over, Michigan residents who are going through a high-asset divorce can get to the other side.

So, what are some of the assets that may not be in the forefront of your mind when you first think about a divorce? Unlike the family home or the vehicles you and your soon-to-be ex-spouse drive every day, it can be easy to overlook the fact that you may have valuable possessions that could become a point of contention in a divorce case, such as artwork, furniture or collectibles. Don’t forget about real estate as well, such as vacation homes or rental property. Business assets should be considered to be fairly important, as will retirement and investment accounts. Going through a checklist of potential assets that need to be included in the property division process during a divorce can be quite helpful for Michigan residents.

Lastly, again, remember that debt must be divided in a divorce as well. This includes how any mortgages or car loans will be addressed, as well as credit card debt and student loans.

Recent Posts

  • What happens to deferred compensation during a divorce?
  • What Do I Do If My Ex Stops Paying Child Support?
  • Is There An Advantage To Filing For Divorce First In Michigan?
  • How To Get Sole Custody In Michigan
  • Do You Still Pay Child Support With 50/50 Custody?

Archives

Categories

  • Adoption
  • Child Custody
  • Child Support
  • Divorce
  • Fathers' Rights
  • Firm News
  • modifications
  • parental relocation
  • parental rights
  • Same-sex Marriage
  • Uncategorized
  • Visitation

RSS Feed

Subscribe To This Blog’s Feed

The Experience You Need. The Compassion You Deserve.

Contact Lisa For Help Today

LS | Lisa Stern

Bloomfield Hills Office

1760 South Telegraph Road
Suite 300
Bloomfield Hills, MI 48302


Bloomfield Hills law office

Detroit Office

Penobscot Building
645 Griswold St.

Suite 2200
Detroit, MI 48226



Detroit law office

Phone Number

248-973-7842
  • Follow
  • Follow
  • Follow
Review The Firm

© 2025 Lisa D. Stern • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw

Review The Firm