Eisenberg, Middleditch & Spilman, PLLC
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property division Archives

Do you know the consequences of hiding assets?

Divorce is one situation in Metro Detroit where some spouses hide assets to cheat their partners out of their share of the marital property. Many of them are not aware of how risky this type of behavior is. They may have motivation to hide information about assets and finances because of a sense of entitlement and negative feelings where they want to punish their partners. No matter their reasons for doing so, the temptation to keep more of the marital pot for themselves may be too much for them to ignore. 

More to property division than just agreeing on who gets what

Saving money is a good idea in many instances. Many Michigan couples use coupons, try to cut expenses and look for the best deals on their purchases. However, when it comes to divorce, saving money by attempting to do it themselves may actually cost them more in the end. Although they may agree on property division details, there can be specifics that are not considered but still end up proving costly.

Financial aspects of property division

The writing is on the wall and both individuals know that the marriage will probably not last much longer. Once reality sets in, it is time to start thinking about one's financial future and how the property division process can have a lasting impact. For many Michigan couples, separating the financial aspects of the marriage can be a challenge.

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.

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