By David R. Dawson | Published June 15, 2021 | Posted in Divorce | Tagged Tags: business interests, divorce, equitable distribution, family-owned business, marital assets |
Dividing Business Interests in a Divorce
One of the most contentious issues in a divorce can be the division of marital assets — those deemed to be jointly owned by the spouses. If either spouse owns a share of a business, that share may be considered a marital asset that is subject to division. However, determining the identity and worth of Read More
Read MoreCan a Nonbiological Parent Can Seek Child Custody in Michigan?
The definition of family has evolved in the U.S. and with that change has come the legal recognition of parental rights arising from nontraditional relationships. In Michigan, a legal framework called the equitable parent doctrine allows a spouse who is not a biological parent of his or her spouse’s child, but who has raised and Read More
Read MoreGetting Your Finances in Order Before Filing for Divorce
Much of the stress associated with divorce concerns money. From property division to child support to spousal support (alimony), there are many financial issues to resolve. Proactively organizing your financial records ahead of your Michigan divorce can ease some of the pain of divorce. The process of gathering financial information may itself feel overwhelming, but Read More
Read MoreWho Gets the Family Home in a Divorce?
For many couples, their home is their biggest asset. Thus, it makes sense for people to be worried about how they’re going to deal with ownership of their house when they get divorced. Generally, there are three ways to divide real estate in a divorce. You can sell the house and split the proceeds, one Read More
Read MoreDo’s and Don’ts of Seeking Custody and Parenting Time in Michigan
The thought of losing time with your child is challenging in any case. When custody and parenting time decisions are in the hands of a judge, it can feel like the most important relationship of your life is left to the will of a stranger. But going through a custody conflict in Michigan does not Read More
Read MoreCan Michigan Custody and Parenting Time Be Affected By Where You Live?
After your marriage ends, you may want to start fresh by moving away. Your new financial situation in fact may price you out of the area where you previously lived. However, it is important to know that when it comes to child custody and parenting time, location matters. If you share custody of your child Read More
Read MoreHow Are Divorce Proceedings Being Affected by the COVID-19 Quarantine?
Throughout the United States, the COVID-19 pandemic has changed our daily routine in ways that none of us could have ever imagined. Like everyone else, spouses who are already experiencing the turmoil associated with divorce have been forced to deal with additional challenges. Despite the obstacles, it is important to maintain control over what you 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 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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