By David R. Dawson | Published May 15, 2026 | Posted in Divorce | Tagged Tags: beneficial, financial, negotiations, separation |
The financial separation that occurs during divorce involves more than just dividing assets and taking responsibility for an independent household. Spouses also need to consider the loss of shared benefits, including health insurance, which can be a significant concern for stay-at-home parents or those with chronic medical conditions that leave them unable to earn a Read More
Read MoreFinancial separation is a key component of divorce. In Michigan, the equitable distribution process controls not only the division of marital property but also the allocation of marital debts. The court evaluates credit card debts, loans and medical bills alongside assets when determining a fair outcome. Any debts acquired before the marriage are usually the Read More
Read MoreOne of the major concerns of divorcing couples is what property they can keep and what they’ll need to give up. Michigan follows an equitable distribution system, meaning courts aim to divide marital property fairly though not always equally. Marital property is subject to division while separate property is protected. But the line between separate Read More
Read MoreIn a Michigan divorce, the process of equitable distribution is used to ensure that marital assets and liabilities are divided fairly between spouses. However, problems can arise when one spouse attempts to secure a better financial settlement by hiding assets that should rightfully be included in the division. These actions undermine the process and can Read More
Read MoreIn a Michigan divorce, the process of equitable distribution is used to divide property in a fair though not always strictly equal manner. State law distinguishes between two types of property. Marital property includes anything acquired by either spouse during the marriage, regardless of whose name is on the title. Separate property, on the other Read More
Read MoreA combination of financial woes and marital turmoil can put a couple on the horns of a dilemma. Should they file for divorce and then bankruptcy, or the other way around? Both divorce and bankruptcy have significant impacts on personal finances and future stability, and the order in which these steps are taken can matter. Read More
Read MoreIf you’re a parent going through a divorce in Michigan, you’ll likely come into contact with the Friend of the Court (FOC). Understanding how the FOC works can make this difficult process much less stressful and help you advocate for your child’s best interests. The Friend of the Court is part of the family court Read More
Read MoreDivorce can be one of the most stressful and emotionally exhausting experiences a person goes through. It’s natural to feel overwhelmed by the complexities and upheaval that come with ending a marriage, but there are practical steps you can take to make the process more manageable. While it may never be easy, thoughtful preparation can Read More
Read MoreA postnuptial agreement is a contract made during marriage that addresses the division of assets, debts and other financial matters should the couple get divorced. While postnuptial agreements are legal in Michigan, they are subject to a high level of scrutiny by the courts and as such may be more difficult to enforce than prenuptial Read More
Read MoreIn Michigan, spousal support, or alimony, is awarded during a divorce based on the financial circumstances of both parties at the time. However, as life circumstances change, one or both ex-spouses may wish to alter the arrangement. Whether a modification is possible depends on the terms set in the original alimony award and the specific Read More
Read More