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…

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…

Divorce can be a very hard time for families. However, while it’s already difficult from an emotional and mental standpoint, there are also financial ramifications to consider. As we mentioned in the previous article, going from a dual-income family to being a single earner can be very challenging. This is even harder for women who…

Hey there, thanks for coming back for the rest of this discussion on alimony in Michigan, and why you may have to pay it (even if you really don’t want to!). As we explained in the previous article, there are many situations where the family court here in Michigan would assign a divorcing couple alimony.…

If you’ve been giving some thought to the idea of getting married again as a senior, you already know there are a lot of things you need to consider first. The pros and cons of getting married or remarried later in life are significant, especially if you’ve already survived a divorce and don’t want to…

Hi there. Welcome back to this look at what happens to your debt after you get divorced. As we mentioned in the previous article, there is no cut-and-dried explanation for how debt gets divided when a couple gets divorced. A lot has to do with who earned the money that was spent, how it was…

For most people, when they think about what they need to address during a divorce, they tend to think about dividing up their stuff. Who gets the car? Who keeps the house? Who inherits the camper? But it’s amazing how few people think about their debts, and how a divorce means dividing those as well.…

Hi there. We’re glad you could join us again for this discussion on marital debts, and who gets stuck paying what when the time comes to pull the plug. As we mentioned in the previous article, who accrued the debt is important to the court when figuring out who to assign it to, but why…

When people get divorced, the issue of money is usually one of the first things to come up. Questions like, “Will I get to keep my money?” and “Am I going to have to share my retirement account?” are things we hear often. But one that comes up almost every time has to do with…