On behalf of Kline Legal Group, P.L.C. | Jun 5, 2019 | high asset divorce
When people in Michigan decide to divorce, the financial impact can be long-lasting and severe. However, business owners may have unique concerns about their particular situation. A small family business may be the largest asset owned by a couple, and it may also...
On behalf of Kline Legal Group, P.L.C. | May 13, 2019 | high asset divorce
Deciding what to do with the family home is one of the biggest issues facing most people who get divorced. However, there are questions that Michigan homeowners and others should ask before taking a home in a divorce. The first thing that a person needs to determine...
On behalf of Kline Legal Group, P.L.C. | Mar 21, 2019 | high asset divorce
Ever since their introduction back in 2008, cryptocurrencies have had a major impact on the financial and legal worlds. For instance, upon shooting up to around $20,000 a coin, bitcoin has become an alluring investment for anyone looking for a high-risk, high-reward...
On behalf of Kline Legal Group, P.L.C. | Feb 21, 2019 | high asset divorce
Many people in Michigan end up divorcing and getting remarried later on. While people might not think about entering into prenuptial agreements when they get married the first time, having one before entering into second marriages after the individual spouses have...
On behalf of Kline Legal Group, P.L.C. | Jan 15, 2019 | high asset divorce
Not every high-net-worth divorce generates much watercooler talk in Michigan unless this type of split involves the head of one of the biggest online retailers in the world. Amazon founder Jeff Bezos and his wife of 25 years announced plans to end their marriage...
On behalf of Kline Legal Group, P.L.C. | Dec 28, 2018 | high asset divorce
When Michigan business owners get a divorce, it may be necessary to determine what portion of the business the other spouse is entitled to claim. The first step in this process is to get the business appraised. An accurate appraisal will take more than just the...
On behalf of Kline Legal Group, P.L.C. | Oct 17, 2018 | high asset divorce
Michigan couples may be interested to learn that a survey of more than 2,000 adults found that money is the primary cause of relationship stress. Thirty-five percent of the respondents highlighted finances as the main issue of contention between them and their...
On behalf of Kline Legal Group, P.L.C. | Oct 1, 2018 | high asset divorce
Older couples in Michigan who are considering getting a divorce may be wondering how the process may impact their retirement. The rate for gray divorces, or divorces that take place among adults who are at least 50 years old, is twice what it was in the 1990s,...
On behalf of Kline Legal Group, P.L.C. | Aug 21, 2018 | high asset divorce
For older divorcing couples in Michigan, needs are often different. Children are usually grown, so child custody isn’t usually necessary. Also, so-called “gray divorces” are often less contentious. Some long-term partners simply drift apart. And with...
On behalf of Kline Legal Group, P.L.C. | Aug 14, 2018 | high asset divorce
Many high-earning Michigan residents store a substantial amount of assets in 401(k) plans and other forms of retirement funds that can generate additional funds through interest. If these individuals decide to divorce, however, their retirement accounts could be in...
