Michigan couples who own a business together should take steps to safeguard that interest in case they get divorced. For those who are already married, there are still steps they can take to protect one of the biggest assets they may own. For those who are not, a...
high asset divorce
Costs when dividing a 401(k) in divorce
Spouses in Michigan who are divorcing will need a document known as a Qualified Domestic Relations Order if they want to divide a 401(k) account. Unfortunately, the costs for preparing such a document could be anywhere from $300 to $1,200 and more. Often, these fees...
Protecting finances in divorce
In Michigan, couples who are divorcing often think about the associated emotional issues while giving secondary consideration to their financial issues. It is important for you to think about the financial factors that your divorce will involve, however. By taking...
Social Security benefits and Michigan divorces
When older people go through the divorce process, the focus of negotiations is usually on the division of financial assets and real property. The division of retirement assets may be a very important topic for divorcing spouses that are nearing retirement age. In...
Benefits of having a money talk before marriage
Money can play a large role in whether a marriage succeeds or fails. Therefore, Michigan couples should talk about what assets that they are bringing into the marriage, what debts that they are bringing into the marriage and who will be paying those debts. It is also...
Financial health after a divorce
When Michigan residents go through a divorce, they must figure out how to transition to single life. If they have become too attached to certain marital assets and fail to think about their financial future, they may end up in a precarious financial situation once...