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What to Do if You Think Your Spouse Is Hiding Assets in a Divorce

In 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

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Why High-Asset Divorces Are More Complicated to Resolve

When substantial wealth is involved, the process of dividing assets in a divorce becomes a matter not just of assigning dollar values, but of untangling a complex web of property, investments and financial instruments. These cases present unique challenges that require both specialized legal knowledge and strategic financial insight to achieve fair and equitable settlements. Read More

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How Dissipation of Marital Assets Can Affect Equitable Distribution

In Michigan, dissipation of marital assets can play a significant role in both the division of property during a divorce. Dissipation is a spouse’s use of marital assets for purposes unrelated to the marriage, often involving intentional or wasteful depletion of resources. When this occurs, a court can take measures to compensate the other spouse Read More

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The Essentials of an Enforceable Postnuptial Agreement

A 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

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Key Considerations Involved in High-Net-Worth Divorce

A high-net-worth divorce is one in which the couple’s combined liquid assets are substantial, exceeding $1 million. The spouses often have complex financial portfolios, which may include investments, real estate, retirement accounts and luxury assets like jewelry, fine art or collectibles.  These cases may require the input of financial analysts, forensic accountants and appraisers to Read More

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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

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Four 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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