In many high-asset divorces in Michigan, businesses, diverse investment portfolios and significant real estate holdings are often at stake. If you find yourself in this situation, you will need more than standard legal advice throughout the process. It is essential to...
The divorce process generally requires a division of property. Unless spouses have clear marital agreements in place, they typically need to divide any assets that they purchased and income that they earned during the marriage. The rule that applies during property...
You are about to get married, and you have decided you want to use a prenuptial agreement. Maybe you are a business owner, and you want to ensure that your business is protected from a potential divorce in the future. Maybe you have far more assets than your...
When parents in Michigan divorce, they typically share custody afterward. They need to see each other frequently to exchange custody and communicate regularly about their children. Sometimes, one spouse plans to move on, which may require moving away from the...
You may have heard people caution against marrying too young. They often warn that many of these young marriages ultimately end up in divorce. Parents may tell their young adult children to wait longer, for example, before tying the knot. But are there any statistics...
Couples divorcing in Michigan either settle their economic matters cooperatively or rely on a judge to apply equitable distribution rules to their assets and debts. It is common for spouses to disagree about what assets are subject to division, how to value those...
The purpose of a prenuptial agreement is to clarify expectations for marriage and/or limit the opportunities for conflict in the event of a divorce. Spouses who agree on certain terms in advance may be able to pursue uncontested divorces. Drafting a prenuptial...
If you receive an inheritance while you are married, you may be tempted to commingle it. There are a few different ways that you can do this, as commingling just means mixing it together with other marital assets. Examples include: Jointly buying something, such as a...
Parents who divorce or stop living together generally have to negotiate custody arrangements. They usually have the authority to set their own terms and submit them to the courts for approval. If they cannot settle terms with one another, then the matter goes to...
Divorce rates in the United States have risen and fallen at certain times. When no-fault divorce first became legal, for example, there was a substantial rise in divorce cases. But for many young couples today, the divorce rate is actually falling. Interestingly,...