After a divorce, two parties who previously worked together as one must learn how to function separately. In certain cases, a party may need financial assistance to maintain a positive quality of life.
For this reason, determining spousal support may be a component of the divorce process. Whether a party is paying or receiving support, it may be helpful to understand how the courts determine the calculations.
When it comes to protecting your business and lifeblood, a well-worded, carefully drafted contract can go a long way. Conversely, a business contract that leaves anything open to interpretation can come back to bite you, potentially opening the door for someone to argue against its content or intent.
There are, however, several things you can do when creating your contract that may help you and your business avoid potentially damaging and financially draining contract disputes. More specifically, when creating a business contract, know that it may serve you well to:
A divorce can be difficult for anyone but can be especially trying for those who are not on good terms. In such cases, the actions of either party can have a strong effect.
Particularly in regards to shared assets, it is important to understand the impact of certain actions. In particular, parties should know a few key things about large asset purchases during the divorce process.
Some low-income families may receive federal assistance through the Temporary Assistance for Needy Families program.
However, if a family also receives child support, the assistance may come with strings attached: The state may collect and keep the child support.
Michigan, and the rest of the United States, has experienced a trend regarding marriage in the last couple of decades. The divorce rate has declined, but one explanation for this could be due to the declining marriage rate and millennials deciding to marry later in life. While many people have delayed marriage, they still have children, as displayed by the fact that 42% of children born in Michigan are from unmarried adults.
While it is great to see the divorce rate declining, the truth of the matter is that it still impacts people from all walks of life. There are many considerations to make during a divorce, and it is important for all parties involved to not overlook anything. The division of property, such as the family home, cars and bank accounts, is always a contentious issue. However, the court also needs to divide retirement accounts and pensions, which requires the spouse who withdraws funds to pay taxes on that money. It leaves many people asking if the court considers these tax implications when determining how to divide assets.
As an older job seeker, you may feel as if finding gainful employment is as difficult as an adult as it was when you were fresh out of college or high school, and you would not be alone in your sentiments. Nowadays, job seekers over the age of 35 consider their age the most significant handicap currently preventing them from finding work, suggesting that age discrimination is entirely too prevalent across the United States.
According to AARP, two out of every three American employees between the ages of 45 and 74 say they have experienced age discrimination at work. While the problem affects everyone, older females, and females who work in the technology or entertainment industries, face a particularly heightened risk of falling victim to it.
Chances are, you spent the better part of your life building and developing your business. Now that you are thinking about saying goodbye, you want to make sure to leave your business in the right hands. Typically, the longer you give yourself to work out your business succession plan, the better. Even if you do not plan to retire or otherwise leave your company in the near future, it still may serve you well to start thinking about the succession process.
So, what can you do to streamline the succession of your business and make sure you leave it in the most capable hands?
While Michigan offers beautiful landscapes and activities for the entire family, everyone wants to leave the states and enjoy an international holiday. Whether it's to Europe, Asia or Mexico, you want to see the world, especially with your child.
Unfortunately, there are a few extra steps that divorced parents need to implement before taking off to the next country.
You want to spend as much time as possible with your child. The courts take this into consideration when determining the custody schedule, but a judge will consider the best interests of the child first and foremost. One major factor is ensuring both parents have enough time to develop and maintain a strong parent-child relationship.
What if your former spouse has a busy life, traveling for work or frequently attending social events? He or she is not cultivating a parent-child relationship during these times, so why should your child remain “with” that parent when he or she is unavailable?
If you and your spouse have come to the end of the line in your marriage, the logical next step is divorce.
However, you may not want a divorce for a variety of reasons. If so, a legal separation might be a worthwhile option to consider.
Bold labels are required.
Schwartz Law Firm
37887 W 12 Mile Road Suite A
Farmington Hills,
MI
48331
Toll Free:
888-757-1681
Phone:
248-579-4631
Farmington Hills Law Office Map
Contact Us Today
