By David R. Dawson | Published February 15, 2020 | Posted in Divorce, Family Law | Tagged Tags: assets, debts, equitable distribution, marital property, property division, separate property | Comments Off on Marital Property in Michigan: Who Owns What After a Divorce?
Marital Property in Michigan: Who Owns What After a Divorce?
In 2019, a Michigan appeals court affirmed an earlier court decision that a man who won $80 million in the lottery while going through a divorce owed half of the winnings to his ex-wife. Why? Although the couple had split up two years before the man purchased the lottery ticket, their divorce had not yet Read More
Read MoreWhat You Need to Know About Michigan Restraining Orders
A restraining order can be a literal lifesaver for victims of domestic violence, stalking or sexual assault. It bans another person from entering onto a premises, purchasing/possessing a firearm or engaging in other specific conduct that could infringe on the victim’s safety or well-being. A Michigan judge can also consider a restraining order when making Read More
Read MoreFour Common Misconceptions About Prenups
For many years, prenuptial agreements — “prenups” — were thought of as tools used by the rich and famous to stop their exes from running off with half their fortune in a divorce. That idea, however, is outdated. Today, many couples sign a prenup before marrying. This is in part because prenuptial agreements can provide Read More
Read MoreHow Do Child Custody and Parenting Time Settlements Deal with Holidays?
Having to miss holidays with your child due to shared custody can be a difficult reality to face, but with a carefully prepared parenting plan, you can still be there for the important ones. The State of Michigan and Macomb County, along with many other counties, provide model parenting time guidelines. The “best practices” included Read More
Read MoreWhat Happens at a Michigan Mediation Hearing?
Compared to traditional litigation, mediation is often less time-consuming, more cost-effective and more civil. In addition, participants have a better opportunity for their voices and perspectives to be considered. The mediation process can be used to address a wide range of civil disputes, including those related to divorce. In fact, the majority of divorces in Read More
Read MoreIs Income From Separately Owned Property Considered Marital Property in a Michigan Divorce?
When ruling on property distribution during a divorce, Michigan courts must decide whether given assets are “marital” or “separate” in nature. Marital property is divided up as the court determines to be “equitable” based on a number of factors, With few exceptions, all property or income acquired by the spouses from their wedding day up Read More
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