By David R. Dawson | Published May 15, 2020 | Posted in Divorce | Tagged Tags: estate planning, life insurance, marital property, retirement plans, trusts, wills |
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 MoreIt 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 MoreEmotions 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 MoreIn 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 MoreWhen ruling on property distribution during a divorce, Michigan courts must decide whether given assets are “marital” or “separate” in nature. Marital property is divided up as the court determines to be “equitable” based on a number of factors, With few exceptions, all property or income acquired by the spouses from their wedding day up Read More
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