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...
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Divorce
When should you sell a home when getting divorced?
If you own a house with your spouse, there is a good chance that it will need to be included in your divorce settlement. The state of Michigan is an equitable division state, so you'll likely receive a portion of any positive equity that you have in the home. This is...
Selling or keeping the home in a divorce
If you are getting a divorce and you and your spouse are Michigan homeowners, you will probably need to decide what to do with the house as part of the divorce settlement. There are different options, and there are pros and cons to them. Keeping the home One or both...
The matter of freezing assets during a divorce
A divorce might involve freezing financial assets during the proceedings. If both spouses hold joint accounts, either spouse may withdraw cash or sell stocks at will. Doing so could complicate the proceedings when the spouses are negotiating asset distributions, so...
Handling your money in a divorce
Filing for divorce in Michigan influences the finances of both spouses. What you might find as a central conflict in your divorce are disagreements with money. How both of you will live your lives after your marriage ends depends, in part, on how you settle your...
Why are more couples going through a gray divorce?
Many Michigan couples take their marriage vows seriously and expect to have long-lasting matrimony. However, there is a phenomenon occurring these days that is seeing more and more couples who have been married many years opting for divorce. There are a few reasons...