Every divorce has its own challenges. Some of them are personal and emotional, like child custody and visitation, and other issues are more financial.
One of the key issues in every divorce is dividing the assets. Behind only the custody and visitation of the children, how the money is divided is often the most pressing concern for most divorcing couples. Asset division is a common part of the divorce process in which each spouse is required to disclose all assets, income and debts to the court.
As Americans, we love our dogs (and cats, of course). Many married couples opt for a pet rather than having children because they're cheaper and less demanding. Further, many couples see no difference between the affection for their pets and the love parents have for their children.
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.
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.
Sometimes it gets ugly in a divorce. This is as true for divorce in Southeast Michigan as it is anywhere else.
"Follow the money" has become a popular expression in American life. It can, of course, apply in many different contexts.
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.
The statistics on marriage are telling. In 2010, according to the Pew Research Center, married couples had declined to only 51 percent of U.S. households.