Category: Finances
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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,…
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How Child Support is Figured Out in Michigan (Pt 1)
Child support is somewhat of a mystery to many people. How they figure out what you owe, how often you have to pay, why you end up with the amount that you get stuck with. Each case is a little different, and there are a number of factors involved in each scenario. So let’s take…
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Will They Take Money Out of my Paycheck if I Don’t Pay Child Support?
If you’ve been ordered by the court to pay child support, then you need to understand that it’s not optional – it’s a court order. This isn’t a judge telling you it would be nice to help out your ex, or that supporting your kids would be the right thing to do. This is a…
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Tips For The Newly Single: How to Live on One Income After Divorce (Pt 2)
Welcome back and thanks for joining us. We’ve been talking about the issues people face (from a financial angel) after the divorce, and the best advice we can give you to avoid that is this: don’t wait until after the divorce before you start preparing for it. Don’t wait until you’re officially divorced to create…