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property division Archives

Property division concerns for older divorcee

"Can I afford a divorce?" This is the question than goes through the minds of many older Michigan residents as they contemplate ending an unhappy marriage. In order to answer this question, it will be necessary to review the current financial situation and all elements that will be involved in the property division part of the proceedings. This will also include any alimony, child support and child custody concerns.

Property division and the prenuptial agreement

The location has been selected, the cake tasted and the dresses ordered. It appears that everything for a perfect Michigan wedding is coming together. Yet, one important part of the planning process that is sometimes overlooked is planning for future possibilities. Sometimes the unthinkable happens, and death or divorce creeps in. With this possibility in mind, it is important that the happy couple discuss property division issues as a part of the wedding planning process.

Property division and military pension payments

For many Michigan couples, many decisions regarding their divorce agreement revolve around financial concerns. Even after all the details have been worked out and agreed to, future decisions can sometimes have a significant financial impact on both parties. In addition to child support, and alimony, property division can play an important role in the post-divorce finances of each individual.

Property division and the different types of divorce

The decision to divorce is often a difficult one for a Michigan couple to make. One day the couple is fighting and can't stand the idea of another day together; another day, at least one spouse wonders if they should give it one more try. At some point, though, the difficult decision needs to be made and the individuals allowed to move on with their lives. Throughout this period of turmoil, decisions regarding property division, child custody and support, spousal support and more must be finalized.

Assets and liabilities part of property division

Assets and liabilities are a significant part of most Michigan divorces. The couple decides that it is time to go their separate ways and then the questions of who gets what and who is responsible for what become crucial. For some, decisions related to property division can become points of contention.

Property division has significant financial implications

The decision to end a marriage can be a difficult one to make for many Michigan couples. Often, the decision boils down to finances. Although one of the individuals may truly want a divorce, financial concerns play an important role in the final decision. The individual is concerned about how property division will affect his or her life going forward.

Happily ever after, prenuptial agreements and property division

The question has been asked and answered, the dress bought and the attendants selected. On the surface, it looks like the Michigan couple is well on their way to happily ever after. However, statistics show that not every one of these couples will actually accomplish this goal. At some point, a significant portion of these couples will be discussing property division along with all the other items that go with divorce proceedings.

Prenuptial agreement assists in property division planning

The prenuptial agreement is often thought of as something that only wealthy individuals need to consider. However, as more Michigan couples over 50 decide to marry, the prenuptial agreement is becoming an important tool for this age demographic. For many of these individuals, the decision to marry carries with it concerns regarding property division in the event of divorce or death.

Johnny Depp and Amber Heard complete property division

Most people cannot imagine trying to divide the assets a divorcing celebrity couple may have. While the average couple may dispute bank and retirement accounts, the fate of the house and who gets the newer car, superstar couples may have millions at stake when it comes to property division. Johnny Depp and Amber Heard have finally finalized their divorce, and the property they divided may leave many in Michigan shaking their heads.

Warning signs your spouse is hiding property

If you suspect a divorce or separation is in your near future, things between you and your spouse may have already reached an acrimonious level. You may suspect that he or she is attempting to hide assets ahead of the split, and you may well be right. Many people prep for divorce by trying to get themselves in a strong financial standing, and they may do so by ethical or unethical means. If you believe your spouse is hiding property or assets in an effort to minimize what will ultimately have to be split between you, be on the lookout for:

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