Category: Finances
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Important Things Parents Miss When Making Child Support Decisions
Parents involved in a divorce have a lot on their plates to figure out and plan ahead for. There is so much paperwork to wade through, and so many decisions to make, so should come as no surprise that sometimes things slip through the cracks. However we’d like to help you figure out one of…
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Don’t Forget to Change Your Life Insurance Policy After Your Divorce!
There’s a whole lot to think about and deal with when you get divorced. The paperwork alone can be extremely overwhelming. So it’s no surprise that people forget to deal with important things in the wake of their divorces. Many of them are burned out, and many simply forget because they have so much on…
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What Happens if I Forget to Change my Will After The Divorce?
Picture this… You’ve passed away (hopefully peacefully in your sleep) and your family and loved ones are gathered around a desk in an attorney’s office somewhere, waiting to discover what you left to whom. Perhaps you get a chuckle out of picturing the facial expression of that one money-grubbing relative you intentionally left out of…
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I Think my Spouse is Hiding Assets Before The Divorce! What Can I do? (Pt 2)
Hi there and welcome back. We’re glad you could join us for the wrap up of this discussion about what to do if your spouse is hiding assets, and why it’s such a bad idea in the first place! As we mentioned before, hiding assets, or setting some of your money aside so you don’t…
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How do we Divide 401Ks, retirement funds and IRAs When You Get Divorced in Michigan? (Pt 2)
Hi there and welcome back. We’re glad you could join us to wrap up this discussion on the best ways to divide up your various retirement accounts and annuities when you get divorced. And yes, we know – reading about how to deal with finances isn’t the most exciting thing you’re going to do today.…
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How do we Divide a 401K, retirement funds and IRAs When You Get Divorced in Michigan? (Pt 1)
We get it – dealing with the more complex financial aspects of a divorce can be very overwhelming. Trying to figure out how a particular financial decision affects your future security, or what the tax implications are of choosing to keep or release a particular financial asset aren’t going to be the most exciting subjects…
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Can I Get my Child Support Modified During The Shutdown in Michigan?
The unprecedented spread of the Covid19 virus has led to major changes in the way we live life, both here in Michigan, and on a national and even global scale.And for people who pay child support to their exes, this can be a significant issue, especially when so many people are suddenly jobless, or earning…
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Understanding your Financial Situation is Critical in Case of Divorce (Pt 2)
Hey there, welcome back to this discussion about family finances, and why it’s so important for both spouses to be aware of what’s going on with the money side of things. As we mentioned in the previous article, it’s really important that both spouses have a handle on the family’s money situation. Again, this isn’t…
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Understanding your Financial Situation is Critical in Case of Divorce (Pt 1)
Most Michigan families have one spouse who deals with the family’s financial situation and one spouse who doesn’t. It’s pretty standard for most couples to have one person in charge of keeping track of the budget and paying the bills, while the other spouse relies on them to provide information about savings, budgetary changes, and…
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How Child Support is Figured Out in Michigan (Pt 2)
Welcome back and thanks for joining us. We’ve been looking at the subject of child support and how it’s figured out in Michigan. In the previous article, we broke down the three most commonly used models for figuring out child support in the US (which includes the Income Shares Model used here in Michigan). However,…