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People who are going through a divorce often have to deal with considerable assets as they work through the property division process. One of the challenges with this situation is that some assets may have an emotional pull. If you’re going through this type of...
Intellectual property (IP) includes things like inventions, brand names, creative works, and secret business ideas. These assets hold significant value, especially when they generate income or have the potential to grow in worth. When a couple divorces, they must...
Successful investment portfolios are often a rich tapestry that can include stocks, bonds, and real estate, each carrying different values and risks. As a result, dividing these assets during a divorce can be particularly challenging. The goal for property division...
In Michigan, courts use "equitable distribution" to divide marital property. This means the division is fair, but not always equal. When splitting major assets like a home, the court looks at each spouse's ability to maintain the property and whether children factor...
Divorce is a complex process that involves sorting out many aspects of a couple's shared life, including the division of property. In Michigan, the law aims for a fair distribution, but 'fair' doesn't always mean equal. When navigating through property division during...
Divorce can be emotionally taxing, especially when splitting up your assets. In Michigan, equitable distribution laws govern property division, meaning the court divides assets fairly but not always equally. It is helpful to understand some ways to handle the stress...
Divorcing couples must decide how to divide marital property and debts fairly. Michigan laws mandate a fair and equitable distribution between spouses. Understanding the factors that influence property distribution can help you reach an agreement that serves both...