After working many years in the corporate world, you may have built a successful and lucrative career. For example, you may have been prudent and made significant investments and built a hefty retirement account. You may feel confident that you are well-prepared for...
Year: 2021
Are fathers at a disadvantage when it comes to child custody?
Many fathers in Michigan these days play a greater role in child-rearing than fathers generally did 50 or more years ago. It is not unusual these days for fathers to play the greater role in caring for their child’s daily needs while their spouse climbs the corporate...
How to determine who will receive custody of children
There are many different ways that parents in Michigan raise their children. Much of their parenting style may be determined by their children’s personality and needs. How parents raise one of their children may be different than how they raise another one of their...
Dividing a business in a divorce
The property division stage of divorce requires the parties to list all their assets, separate any separate property from marital property and then divide the marital property according to state law. In Michigan, this means dividing the marital property in a way that...
Dividing debt in divorce
We often talk about property division in divorce as a matter of divvying up the assets. This, by itself, is no simple matter, but there's another aspect of the process that can also be quite tricky, and that is dividing the debt. Yes, under Michigan law, divorce does...
Surviving a grey divorce
Ending a marriage poses financial challenges at any age. But divorce may be especially complicated for couples undergoing a grey divorce. This is a divorce involving couples who are in their midlife or older. Grey divorce Divorce reduces a family wealth by 77 percent,...
What happens to the family home in a Michigan divorce?
By the time a Bingham Farms area couple has decided to divorce they have been through a lot of stress and anxiety. A divorce is often one of the worst times of a person’s life and there are many contentious issues that need to be worked through. One of the hardest...
Financial matters you will face in a divorce
Financial issues are always present even when marriages are not ending. But couples undergoing a divorce typically face these additional financial matters. Property division Couples must first decide how they will divide the property they acquired. Spouses can agree...
How standard of living affects an alimony determination
Divorce can have tremendous financial ramifications. In fact, it can dictate your financial position for years or even decades to come. That’s why it’s imperative that you enter the divorce process with a strong strategy that seeks to protect your financial interests....
Locating crypto assets during divorce
Cryptocurrency is the latest means of engaging in business and commerce. This also places it among the newest assets that can be part of property division during a divorce. These are useful methods to locate cryptocurrency during divorce. Legal discovery Early...