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September 2017 Archives

Michigan's new take on divorce assets

No matter how spouses approach divorce, the legal process that ensues could become complex. Common issues that Michigan residents encounter when going through with divorce are those concerning financial affairs. Although Michigan is a state that handles economic aspects of divorce carefully, cases do not always result in balance between those involved.

What should I include in my divorce inventory?

At the outset of your Michigan divorce, you probably began assessing the sources of income that you and your spouse have in preparation for the division of your marital property. However, when you are filling out the inventory of your assets, it is a good idea to dig a little deeper. After all, not all of these are monetary. At this point, it is time to think about the actual financial value and the personal value of many of the things you own.

Mediation isn't a sprint, it is a marathon

One of the most difficult things to do when you are going through a divorce is to be patient while the process moves forward. In many cases, people want to get their divorce over and done with as quickly as possible. Trying to hurry up and rush things might be tempting, but it could lead to difficulties with the divorce.

How child support may be changed

When parents are married, they may not spend time thinking about whose income paid for the braces, or how much each of them contributed to the child care expenses. After a Michigan divorce, these questions become paramount. Some situations may make it difficult for a single parent who has been ordered to pay child support to keep up. According to the Michigan Supreme Court, a modification of the order may be possible, depending on several factors. 

Trustees validated in protecting assets during divorce

Asset and property division can become one of the most complex (and contentious) aspects of divorces occuring in Clinton Township. That is because these matters typically go well beyond the simple question of "who gets to keep the house?" Gifted assets, retirement benefits and investment accounts are also considered. Estate affairs can also become embroiled in divorce proceedings, particularly in cases where only one side is party to an estate and thus elgible to profit from its benefits. The other side might try to argue that if an estate or trust account was valid while the two were married, it should be considered a marital asset. 

Lorrie J. Zahodnic

"I will hold you up until you can stand on your own two feet."

Lorrie J. Zahodnic, P.C. has provided skilled and compassionate legal guidance to Michiganders in family law matters for over 20 years.

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