A divorce may result in the loss of retirement savings, money in a bank account or your Michigan home. Therefore, if you are planning on ending your marriage in the near future, it's important to consider how it will impact your finances both now and in the future....
Many married couples in Michigan own homes. Although your house brings comfort and security, that might no longer be the case if you’re getting a divorce. In that situation, you and your estranged spouse have options for dealing with your mortgage. Mortgage transfer...
Divorce in Michigan is complicated if you or your spouse are an executive. If your executive compensation includes stock options or restricted stock plans, these will likely become part of your divorce negotiations. Stock options as executive compensation Many...
In this digital day and age, it’s almost impossible for Michigan residents to avoid social media. It can be addictive, but it’s crucial to be smart when using it, and it might be wise to hold off when you are going through a divorce. Nothing is truly private If your...
In Michigan, divorcing couples face the challenges and complexities of a situation with advantages and disadvantages. Consider the following points as you make this challenging and potentially life-altering decision. Weighing the advantages of divorce Divorce can be...
Not all marriages last, as evidenced by divorce filings in Michigan courts. Various reasons factor into why a married couple may opt to dissolve their union. Research into the reasons why may uncover trends that reflect the causes. Examining these trends and causes...
Divorce in Michigan is usually an incredibly stressful period in any person's life. Splitting finances can make divorce even more painful. Sometimes, divorcing couples need outside help to get a sense of their financial lives after separation. A certified divorce...
Almost 2 million couples got married in Michigan and around the country in 2021, and nearly 700,000 married couples filed for divorce. About half of the American couples who marry for the first time end up divorcing, and the divorce rate for second and third marriages...
There are many logistics Michigan residents must figure out when seeking a divorce. Some of them are obvious, such as splitting finances and determining child custody. Others can often go overlooked, such as life insurance. Importance of life insurance Life insurance...
The division of property during a divorce involves all the assets a couple has acquired during the marriage. This will often involve the division of one of the spouse’s 401(k) plans. It is important to understand how the division of 401(k) plans works if you and your...