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Divorce Archives

Millennials and divorce

Many people in Michigan may have been hearing a lot about gray divorce in the past few years. This term refers to a divorce involving spouses who are at least 50 years of age or older. These divorces have actually been on the rise compared to a couple of decades ago.

Does gray divorce hurt your finances?

As an older couple in Michigan that has decided to split, you'll soon be facing the trials and tribulations of gray divorce. The difference isn't just in the name, though. You will likely be facing hurdles that your younger counterparts won't have to worry about simply because of the age you're at.

Are high asset divorces hard to handle?

Michigan couples like you who are going through a divorce will already have an emotionally taxing journey ahead of you. The burden may be heavier to bear if you have a high number of joint assets, too. In fact, high asset divorces are considered by some to be one of the most complex divorce case types.

Your mortgage and your divorce

If you are like many divorcing spouses in Michigan, you may be concerned about how to best handle your home when ending your marriage. You likely know that many couples end up deciding to sell their marital homes but your spouse might be pushing hard to keep the home. You might even think that is not a bad idea because then your kids will not have to move out of the home they know. But, before you rush into agreeing to this situation, there are some things you should know.

How can you protect your child during a divorce?

As divorcing parents in Michigan, one shared goal that you and your spouse likely have is the protection of your child. Lisa Stern is here to help ensure that your child can make it through the potentially traumatic process of a parental divorce as easily as possible, giving you tools that can be used to ease through the transitional period.

Is Michigan a community property state?

If you are a Michigan resident contemplating divorce, you probably are concerned about how the property, assets and debts you and your spouse accumulated during your marriage will be distributed between you. As FindLaw explains, Michigan is not one of the community property states. Instead, Michigan adheres to the “equitable distribution” doctrine that takes your needs and those of your spouse into account when determining which of you gets what.

What things can a prenuptial agreement cover?

If you are a Michigan resident who is planning to get married soon, you may be wondering whether or not signing a prenuptial agreement is a good idea for you and your soon-to-be spouse. FindLaw explains that prenuptial agreements are a legal step that many engaged couples take prior to getting married. While traditionally thought advantageous only for wealthy people, prenups can benefit others as well since they set forth the agreements the parties have come to regarding their property and financial rights and obligations should the marriage end in divorce.

What is parenting time?

If you are a Michigan resident contemplating divorce, one of your biggest concerns undoubtedly is the amount of time your children will spend with each parent after your divorce. As the Oakland County Friend of the Court explains, this is called parenting time.

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