Dividing financial assets is one of the biggest challenges that Michigan residents face when going through a divorce. Both parties actively strive to protect their assets and avoid financial ruin. It is generally inevitable that each party experiences some financial...
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Divorce
Divorce and special needs children
Statistically, married couples in Michigan with special needs children have higher divorce rates than the general married population. While special needs children are beloved family members, parenting them presents extra challenges, and that can translate to stress on...
Helping your child understand how your family is changing
Your life in Michigan is changing, and telling your child that you and your spouse are getting divorced can be one of the most difficult conversations you will ever have. Therefore, it is vital to approach this conversation with care and sensitivity and to consider...
Top mistakes divorcees over the age of 50 make
Divorce rates for people over 50 years old are on the rise in Michigan and around the country. There are also some serious consequences to making mistakes when you're going through divorce proceedings. The costs of living are considerably higher as a single person...
What should you know about Michigan divorce?
You may have experienced a perfect wedding day and planned to spend the rest of your life with your spouse. However, many marriages experience difficulties that make it feel impossible to continue, and divorce becomes the best outcome for one or both of you. Michigan...
Divorce and financial stability
When a marriage starts to fall apart, both spouses may focus almost exclusively on their current problems. Separating from one another and filing for divorce could be the two most critical steps, but the spouses may benefit from looking ahead. A final divorce decree...
Higher education costs and your divorce settlement
Parents in Michigan who are going through a divorce might worry about how the split might affect their children’s higher education. Without a plan, it might be difficult to save money to cover tuition, room, board and other financially-related costs. However, they...
Watch out for retirement account divorces in Michigan
Those who are more advanced in years may want to have a different approach to dividing their assets in a divorce than younger couples because they often have different things to think about. But this process is also different because of what these couples don't have...
Key items to include in your divorce checklist
No one ever wants to go through a divorce in Michigan, but it is something that happens all too often. If you are going through a divorce, it is important to have a plan in place. This means having a divorce planning checklist. Some of the most important things this...
The difference between prenups and postnups
Prenuptial and postnuptial agreements are both legally binding and address what happens to assets in a marriage if a couple decides to divorce or if one spouse passes away. Both agreements describe similar scenarios such as alimony payments and asset division. Some...