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A QDRO is a qualified domestic relations order. It’s a court order used to help divide financial accounts. Generally, it works by officially recognizing someone other than the account holder as an alternate payee. This means they have a legal right to a portion of the...
Divorce can be a complex process, especially when a family-owned business is involved. In Michigan, understanding the legal framework and options available can help protect interests. Understanding Michigan's equitable distribution Michigan follows the principle of...
In today’s world, prenuptial agreements (prenups) are no longer just for the wealthy. They have become a practical tool for many couples to ensure financial clarity and protection during the marriage and if divorce should occur. Even so, many of the most common...
Houses are generally the same, with a roof, floor and four walls. Yet, they evoke such strong emotions in us. For many of us, it’s where we started our family and watched our children grow. The rooms are filled with precious memories. That is likely why it’s hard to...
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...
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...