Eisenberg, Middleditch & Spilman, PLLC
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high asset divorce Archives

3 problems that lead divorcing couples to mediation

Mediation is gaining ground over traditional divorce, and there are three main reasons. First, the cost of working out the divorce settlement can be extremely high. Second, settlements often do not last, and third, a bitter divorce takes a toll on the parties in terms of emotional trauma.

Buyout plans may interest business owners going through divorce

Individuals who have started companies that have seen success over the years may have earned a considerable amount of money. Because hard work and dedication often contribute to this achievement, many Michigan business owners feel reluctant to part ways with much -- if any -- of their stake in the company. However, some parties may find it more difficult to retain full ownership if they go through divorce.

Prenup can offer protection during divorce

Before getting married, couples typically feel that their love will last forever. However, the reality is that divorce can happen to any couple. For this reason, drafting prenuptial agreements has received an increasing amount of attention in Michigan and elsewhere in recent years.

How can divorce affect my tax situation?

Whether you herald the end of your marriage or dread it like the plague, there is no way for you to avoid the changes and multitude of decisions that you will need to make. You may become so focused on your living situation in Michigan and your kids' well-being that you fail to consider one major issue that can affect you long after your divorce is finalized: your tax situation. 

Many times, it is the perfect couple that is heading for divorce

On the surface, they appear to have it all. The Michigan couple has money in the bank, a nice home, new cars and the ability to travel. They seem like the perfect couple. However, looks can be deceiving and the couple that others envy may actually be heading for divorce.

Find out if your spouse is hiding assets

While virtually every divorce comes with some amount of contention and complexities, if you and your spouse have high-value assets, the complications might be exacerbated. Divorces that involve complex assets have unique challenges that you should understand and anticipate. One such challenge is the possibility of your spouse hiding assets to prevent them from being fairly divided. Learn the warning signs of hidden assets and how to use legal tools to find them.

Dividing a business in a Michigan divorce

Dividing property in a divorce can be complicated and contentious even when complex assets are not involved. However, divorcing spouses who own a business often face even more questions when it comes to how to properly divide property in divorce. Here are some things to keep in mind when it comes for how to proceed: 

High net worth divorce battle escalates over earrings

Any divorce can be volatile, but when a couple is facing the division of millions in assets, things could easily become contentious. In Michigan and many states, courts divide assets equitably, though not necessarily equally. When dealing with high net worth, it may be arguable what the two parties consider a fair division of their marital property.

High net worth and high emotions may mean poor decisions

A divorce often involves high emotions, including anger, resentment, sorrow and guilt. These emotions often provide the worst frame of mind for making important decisions, yet decisions are what divorce is all about. Those facing a divorce in Michigan may already be allowing those feelings to influence their actions, and this can lead to mistakes they will regret, especially if the divorce involves high net worth.

How to survive a divorce with your emotions intact

Divorce can be rough on everyone involved, from you and your spouse to your children and even your friends. While you are splitting everything equitably, you may also feel as if your life is falling apart. Protecting yourself physically and financially is important, but those in the middle of a divorce should also be concerned about their emotional health.

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