Skilled Property Division Lawyer For Michigan Divorce Cases
Dividing marital assets is a significant challenge faced by couples divorcing in Plymouth. With various types of property and assets involved, understanding how they are classified and distributed is essential during a divorce.
I am attorney Sarah Dinsmore Riggs, and I help Michigan families find clarity during their most difficult times. At Law Office of Sarah Dinsmore Riggs, PLLC, I strive to provide personalized support, taking the time to understand your unique situation and priorities. Whether your case involves amicable negotiations or requires court representation, my firm is committed to your protection every step of the way. Free initial consultations are available.
Understanding Michigan’s Approach To Property Division
Michigan follows equitable distribution of marital property laws. This means that while the division of assets is not always perfectly equal, it is based on fairness and each person’s contributions and needs. I assist clients in exploring their options for dividing assets by thoroughly reviewing finances, identifying marital and separate property and evaluating each spouse’s financial circumstances.
Distinguishing Between Marital And Separate Property
One of the first steps in property division is distinguishing marital property from separate property. Generally, marital property includes assets acquired during the marriage, such as income, retirement benefits, real estate and shared investments.
Separate property typically includes assets owned before marriage or those received individually, such as gifts or inheritances. However, certain situations may make separate assets subject to division, particularly if they were mixed with marital property during the marriage.
Factors That Influence Property Division
When dividing assets, Michigan courts will consider numerous factors. Here are some examples:
- Each spouse’s marital contributions
- The length of the marriage
- Each spouse’s financial situation and earning potential
- Any history of wasteful spending or misconduct
- The needs of each spouse, including health and age
The process aims to make sure both parties are fairly considered and their future financial needs are addressed in the divorce.
Get Help From An Experienced Attorney
The property division process can be overwhelming. As your attorney, I will carefully assess your financial landscape, identify and value assets accurately and work toward a favorable arrangement. Whether your case can be resolved through negotiation or requires a court’s decision, I will advocate for you each step of the way.
If you have questions about property division or divorce, call me in Plymouth at 734-335-8949, or send an online message to arrange a free consultation.