Financial 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 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
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