For many people, one word comes to mind when they think of the divorce process: stressful. Whether it is fighting for more time with your kids or arguing over who gets the family home, traditional divorce can be expensive, time-consuming, and overwhelming. Nowadays,...
Divorce
Watch out for how debt is divided in your divorce
A lot of people who go through divorce worry about what their financial stability will look like as they move into living a single life. This is understandable, and its why there’s a lot of focus on the property division process during marriage dissolution. Yet even...
Are all assets accounted for in your divorce?
Divorce is often filled with drama, which can make the painful emotions of the breakup even more difficult to bear. One aspect of divorce that is especially contentious for Michigan couples is property distribution. When spouses look at their assets, they may have...
The family home during the divorce
The family home is a hot topic during a divorce. It is often the most expensive asset a couple owns, and one with a lot of emotional significance. This is why we have posted about what happens to the family home after a divorce. Though, the natural question that pops...
When a prenup may be needed
It may not be the most romantic subject to discuss during your engagement, but a prenuptial agreement can be a helpful financial planning tool for your marriage and help reduce time, conflict, and cost if you ever divorce. These contracts may be helpful for most...
Will your inheritance be affected by a divorce settlement?
When a high-income Michigan couple is going through a divorce it can be a complicated affair. There are many things that need to be worked though with property division often being one of the most contentious. Michigan is an equitable distribution state which means...
What equitable property division means for divorcing couples
Property division in Michigan follows equitable property division rules. What this means, and the implications, for divorcing couples going through a divorce and the property division process is important to understand. What is equitable property division? Equitable...
What happens to the family home in divorce?
What happens to the family home in divorce? This is a question many divorcing couples likely ask themselves. Understanding the various options for dividing a family home during divorce can help divorcing couples navigate the oftentimes emotional process of splitting...
What happens during the discovery process in a Michigan divorce?
If a Bloomfield Hills area resident is getting a divorce, they know that it is an incredibly stressful time. They also probably don’t have any idea what to expect during the divorce process. If a couple doesn’t agree to the major terms of a divorce, such as property...
What should we do about our business during divorce?
One of the most major assets that a divorcing couple may have to address is if the couple owns a family business together. Determining how to divide a family-owned business in an equitable manner that pleases both spouses can be challenging which is why it is helpful...