When people in the Clinton Township area, or anywhere else, are preparing to go through a divorce, they almost always have many questions. At The Law Office of Lorrie J. Zahodnic, we hear a lot of questions about divorce every day, and we understand that people can have many concerns if they are considering divorce.
People come to us every day with questions about all kinds of subjects, including property division. This is obviously one of the most common subjects we deal with. There are many different aspects to property division, but one key thing to remember is that Michigan is an equitable distribution state. Equitable distribution does not mean a 50/50 split. That kind of split is known as community property division.
When it comes to using the equitable division method, DivorceSupport.com notes that the court takes many factors into account to determine how the couple’s property will be distributed. In fact, the court’s main objective is to split the property fairly. However, determining what is fair is the hard part.
To do this, the court will weigh several things, including how long the couple was married, as well as the age and health of both parties. The court will also generally look at how much money and property each spouse brought to the marriage, as well as how much income, and earning potential each of the parties has.
There are many other factors the court may use to determine what is considered fair distribution of property. If you would like to learn more about equitable distribution and spousal support, please visit our property division page.