By David R. Dawson | Published March 15, 2023 | Posted in Divorce | Tagged Tags: marital property, professional practice | Comments Off on Dividing a Professional Practice as an Asset in Divorce
Dividing a Professional Practice as an Asset in Divorce
When a married couple divorces, dividing the assets can be difficult and contentious. Property division can be further complicated when one spouse owns a business, especially if it is a type of professional practice. During a divorce, the family court judge is required to divide all marital property in a way that is fair, just Read More
Read MoreMichigan Prenups and Postnups — What They Can and Cannot Do
Prenuptial and postnuptial agreements are typically thought of as ways for wealthy individuals to shield their assets from gold-digging spouses. But prenups and postnups have become common in many marriages, even when the spouses are on equal financial footings. A fair agreement can allow each spouse to make independent financial and property arrangements during the Read More
Read MoreEnforcing a Personal Protection Order Against Domestic Violence
Domestic violence is a general term defining the use of force or intimidation against someone in a close relationship, such as a spouse, intimate partner, child or other relative or household member. It is a common occurrence that can result in bodily harm and even death. Fortunately, there are means by which victims can obtain Read More
Read MoreWhat Expenses Are Not Part of a Child Support Order, and Who Pays for Them?
When a child’s parents live apart from each other, either because they are divorced, separated or never were together, both remain responsible for supporting the child. In Michigan, each parent’s share of the support obligation is determined by their relative incomes and by the child custody arrangement. The amount of support is calculated according to Read More
Read MoreTips for Effective Communications Between Parents After Divorce
Co-parenting can be a major challenge for divorced couples with children. Whether parents have joint custody or are sharing parenting time on a schedule, they want to continue to be part of their children’s lives and to take an interest in how their children are raised. A key to achieving these goals is maintaining a Read More
Read MoreDealing With Health Insurance During and After Divorce
If your marriage is coming to an end, you need to make certain your health insurance does not. Married couples often have health insurance through one spouse’s employer. If you are the spouse who relies on the other’s coverage, you’ll need to take action. The ex-spouse and stepchildren are removed from an insurance policy immediately Read More
Read MoreWhat to Do if a Child Refuses to Visit the Non-Custodial Parent
Until children become teenagers, enforcing child custody arrangements is usually fairly straightforward. Parents exchange the kids for visitation as provided in the custody order and courts can hold parents responsible for failing to do so. But as children get older, things change. Teenagers develop social lives and might start to “vote with their feet,” choosing Read More
Read MoreHow to Modify Child Support in Michigan
Child support is crucial to making sure children in Michigan have the financial foundation they need to thrive. Amounts of child support are calculated based on the parents’ economic circumstances and the children’s needs at the time the initial child support order is entered. However, life goes on and circumstances may change. When that happens, Read More
Read MoreCreating a Parenting Schedule That Fits Your Family Needs
Raising a child in separate homes after a divorce or separation comes with its share of challenges, some of which arise from differences in approaches to parenting and discipline. A well-crafted parenting time schedule helps overcome some of these challenges by assuring predictability and consistency for both the parents and children. A good schedule also Read More
Read MoreCan Alimony Be Modified After a Divorce?
For individuals considering the possibility of divorce and the likelihood of either paying or receiving alimony payments, one of the most common questions is whether such payments can ever change. Alimony is awarded in a divorce proceeding based on the financial circumstances of the spouses at the time. However, one or both ex-spouses may experience Read More
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