Jump to Navigation

Posts tagged "Property Division"

Postnuptial agreements in Michigan

You often hear legal experts say that you should enter into a prenuptial agreement prior to your marriage in Clinton Township. Such advice is sound, as it protects both you and your spouse financially. Yet at the same time, many view them as being in poor taste given that prenuptial agreements leave open the possibility that marriages will end (which is likely something neither you nor your spouse wants to contemplate). Plus, you may have also heard that married couples can create postnuptial agreements. Many come to us here at The Law Office of Lorrie J. Zahodnic, P.C. asking if this is true. The answer we offer is often not what they were expecting. 

Using forensic accountants for an in-depth discovery process

Although many Michigan divorces finish quickly and amicably, proceedings that involve business owners or those with a high net worth can be lengthy. In complex divorces, it takes time to determine the value of each spouse’s estate and overall income. At The Law Offices of Lorrie J. Zahodnic, P.C. we understand the complicated nature of property division and have experience negotiating fair and equitable asset distribution.

Do I need a prenuptial agreement?

Prenuptial agreements aren’t just for the extremely wealthy. If you enter into a marriage with a reasonable number of assets or business interests, you should seriously consider implementing one to remain protected. Bankrate explains some of the basic components of prenups.

What should I know about property division?

It can be tough for Michigan couples to divide property and assets during a divorce. The right information is key in this case, as being informed will prevent you from making time-consuming and costly mistakes. Live About explains some things that all divorcing couples should know when it comes to dividing assets.

Who gets the artwork in a divorce?

Among the many other contentious battles over property post-divorce, divvying up artwork is often the most challenging. Whether you’re a collector or an artist yourself, your former spouse may pursue some of your pieces, either for ownership or sale value. In this case, the Art Law Journal explains how artwork is divided up and how to value it for asset division.

Protecting one's small business from property division

No one goes into a marriage in Clinton Township expecting that it is ever going to end. Statistics, however, seem to undermine the confidence of those who scoff at the potential of ever getting a divorce. Information shared by the Michigan Department of Health and Human Services shows that as recently as 2016, 28,916 couples sought divorce in the state. Yet even when faced with such statistics, many approaching marriage do not even want to consider a prenuptial agreement. Avoiding creating such an agreement can be damaging, especially for small business owners. 

Who gets the pets in a divorce?

One thing many Michigan couples fail to consider when undergoing a divorce is who gets the pets. Among the numerous other difficult considerations this can be the most challenging. There are steps you can take to mitigate the issue however, which will also ensure that your animals continue to be well-cared for. PetMD explains how to handle pet custody during a divorce.  

Challenging your prenuptial agreement

Many in Clinton Township may see signing a prenuptial agreement as a prudent decision that could end up protecting both parties to a marriage. Such reasoning no doubt contributed to why you may have signed one. Yet if you are now preparing for a divorce, you could be second-guessing that decision (or even questioning your soon-to-be ex-spouse's motives in having you sign one in the first place). Many come to us here at The Law Offices of Lorrie J. Zahodnic, P.C. with the same concerns, wondering if there is a way for them to challenge such agreements. 

Selling your marital home

While deciding to get a divorce might be the most difficult decision associated with the end of your marriage, it is by no means the only one. You and your soon-to-be ex-spouse must then determine how to deal with the assets and property you own together. If you are like most of the clients that we here at The Law Offices of Lorrie J. Zahodnic, P.C. work with, your most valuable marital asset is your home in Clinton Township. Contrary to popular belief, fighting to keep the house is not your only (and perhaps not even your best) option. 

What is a valuation date?

When you get divorced in Michigan, a large part of the process is dividing your assets. Part of this process involves figuring out the value of each asset. As each asset has its value determined, it gets a valuation date, which according to Forbes is the date upon which the value of the asset is defined.

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.

Learn More About Lorrie
Have A Question? Ask Lorrie

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Subscribe To This Blog’s Feed
Review Us
FindLaw Network