By David R. Dawson | Published May 15, 2020 | Posted in Divorce | Tagged Tags: estate planning, life insurance, marital property, retirement plans, trusts, wills | Comments Off on How Divorce Can Affect Michigan Estate Planning
How Divorce Can Affect Michigan Estate Planning
When a marriage doesn’t last until “death do us part,” the spouse’s estate plans will likely need updating. Property division, alimony and child support orders during a divorce can leave each spouse with a substantially different financial position than existed during the marriage. A divorcing person may also have a change of heart about who Read More
Read MoreHow a Coronavirus-related Income Loss Could Affect Your Alimony and Child Support
Many people have faced a job loss or reduction in income due the coronavirus pandemic. In such a case it might be difficult for an ex-spouse paying alimony or a parent sending child support to keep up with their obligation. As these orders are based on the financial circumstances that existed at the time they Read More
Read MoreWill the U.S. See its Divorce Rate Spike After the COVID-19 Quarantine Ends?
With so many American residents stuck at home with their families, prognosticators have predicted that several months down the road, the country could experience a baby boom and a divorce deluge. Unlike a cozy blizzard that keeps you home from work for a few days, a global pandemic that triggers shelter-in-place orders spreading over multiple Read More
Read MoreCommunicating With Your Ex About COVID-19 Custody Issues
During a crisis such as the COVID-19 pandemic, family becomes more important than ever, especially for children whose schedules have been disrupted by long-term school closures and the cancellation of other activities. Parents who are divorced or live apart for other reasons know the importance of maintaining healthy communication through difficult situations. Though this situation Read More
Read MoreWho Gets the Stimulus Check When Spouses Are Separated or Divorcing?
Going through a divorce is stressful enough, but the coronavirus pandemic spreading throughout the United States presents additional complications for spouses who have decided to split. In addition to changes that might need to be made regarding custody and visitation arrangements while travel is restricted, negotiations over property division need to address any new economic Read More
Read MoreFinding Hidden Assets in a Michigan Divorce
It is crucial to obtain full disclosure of your spouse’s assets if you hope for a fair court order regarding alimony and property division during a divorce. Though Michigan law requires both spouses to reveal all of their assets and liabilities, some people still try to skirt the law in the hope that it will Read More
Read MoreHow Social Media and Texting Can Affect Michigan Divorce Cases
Emotions tend to run high during a divorce, but it’s best to think twice before you take to social media to vent your frustrations or send a text fueled by anger. A rant written in the heat of the moment could have long-term consequences for you and your family. Social media posts and text messages Read More
Read MoreMarital 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
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