In Michigan and across the nation, marriages will inevitably face a litany of challenges. During normal times, relationships have their ups and downs. When there is a worldwide health crisis that changes how people live, work and function, it can exacerbate existing...
Divorce
Divorce
What will happen to your retirement accounts in a divorce?
Couples in Bloomingfield Hills who have been married for decades and are now seeking a divorce face issues that their younger counterparts may not. One issue that may worry many of those at or near retirement is what will happen to their retirement accounts if they...
What is a prenuptial agreement and do I need one?
Contrary to what many Michigan residents may think, a prenuptial agreement is not about staking a claim over one’s assets and it is also not about dooming a marriage even before it begins. As people grow older, they change and their circumstances change. As a result,...
What Happens To My 401k During Divorce?
The dividing of retirement accounts can be one of the most complicated parts of the entire process. Many people do not realize it, but your retirement account is often your most valuable asset. If you’ve worked for a long time contributing to a 401k, IRA or pension...
What to do with the family home during divorce
When it comes time to divide the family home during the divorce process, divorcing couples may be unfamiliar with their options. Understanding the different ways that a home may be divided during divorce can help the property division process progress more smoothly....
Common issues in any divorce case in Michigan
Getting a divorce can be one of the most life-altering situations a person could experience. For many people, a divorce case is the only time they ever have any contact with the courts. And, for some, the emotions that drive the case and the push toward a resolution...
Financial considerations in a gray divorce
Since the 1990’s, statistics show that the rate of gray divorce within the United States has more than doubled. If you are unaware of what a gray divorce is, it is one between a couple who is in their 50’s or older. These divorces often carry many more possible...
Funds, property and debt in a high-asset 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...
Who gets the family pet in a divorce?
A majority of families in Michigan have a family pet like a dog or cat. These animals are often seen as members of the family and they are treated as such, many times lovingly referred to as “fur babies”. When a couple decides they no longer want to be married who...
Advantages and disadvantages of litigation
Some people in Michigan who are getting a divorce might find themselves at an impasse with a spouse over property division or child custody. At this point, they may be facing a choice of whether to settle or go to litigation. There are a few factors to consider. Cost...