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Posts tagged "property division"

Can a Michigan court force me to file a joint tax return?

tax return.jpgMost divorces involve the division of many assets and liabilities, making them complicated legal undertakings. When you mix in painful emotions - perhaps anger, resentment or distrust - it can be extremely difficult for divorcing spouses to find common ground and agree on the division of assets.

Divorce Settlement for Former Michigan State Basketball Star

Divorce may never be an easy process but adding criminal proceedings to the mix can complicate things even more. Charlie Bell, a former Michigan State University basketball player who went on to play professionally, is finally divorced from his former wife, Kenya. Unfortunately, his ex-wife's plea of guilty to attacking him with a box cutter is not preventing him from paying out a large sum in the divorce settlement.

Famous or Not, Divorce Requires Decisions on Property Division

Rich or poor, young or old, ending a marriage can be a stressful time for any person. And there are certain unavoidable decisions that Michigan couples need to make while they are in the process of a divorce that can affect them for the rest of their lives.

A QDR WHAT? THE IMPORTANCE OF QDROS IN DIVIDING RETIREMENT BENEFITS

One of the largest assets in most divorce cases is the retirement accounts held by the parties. Not all retirement plans are the same and it is important for an attorney to understand what types of retirement plans a QDRO can (and cannot) divide.

Choosing Divorce or Separation in Michigan? Here's How to Start Weighing the Factors

If your marriage has gone bad, divorce is an understandable way to move forward. It allows you the chance to start over, after the property has been divided up and custody arrangements resolved for any minor children you may have.

Pre-Nuptial Agreements May Actually Help Preserve Marriages

Statistics show that increasing numbers of couples are signing pre-nuptial agreements before they get married. And the news does not mean that more and more cynics are heading down the aisle with clouds of doubt hanging over their heads. Instead, the growth of pre-nups reflects changing societal views about marriage and the purpose of pre-nups in modern families.

Michigan Divorce Bills Seek Radical Change in Marital Property

Two proposed pieces of Michigan legislation aim to create a dramatic shift in the distribution of assets for divorces where a spouse owns a business that prospers during the marriage. Presently, the law treats the growth or appreciation of a business occurring during the marriage as marital property, resulting in a 50/50 split between the spouses. The new law proposes a complete policy change and would generally classify appreciation in the business during the marriage as property of the spouse owning the business.

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