Category: Separation of Property
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Debt and Divorce – What you need to know about Equitable Division (part 2)
In the previous segment in this two part series on debt and divorce, we talked about equitable division of debt during a divorce, and what that means for couples in Michigan. Moving on, we are going to look at what happens when the court has divided your marital debt, but the spouse it is…
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Debt and Divorce – What you need to know about Equitable Division (part 1)
When people get divorced, their first thoughts, when it comes to finances,are often about their assets. However, while it’s often overlooked, their debts are just as important and can have a very real impact on how the divorce is resolved. Dividing debt or figuring out who has to pay for the house and the…
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Lost Spouse = Lost House? Property Division Concerns in Michigan
For most married couples, their house is by far their largest tangible asset, which is considered to be a great investment from a financial standpoint. However, this can be a game changer for those same couples during divorce. Deciding how to divide property is a very important decision that needs to be well thought…