Data by the Michigan Department of Health and Human Services shows the divorce rate for Michigan couples aged 50 or older is 7.7 per 1,000 married persons. Gray divorce can occur for a number of reasons, one of which is financial infidelity. Gray divorce A gray...
Divorce
Divorce and your medical practice: key considerations for physicians
Divorce can be a complex and emotionally challenging experience, especially for physicians who may face unique challenges when dividing their assets, including their medical practice in Michigan. However, some key considerations exist for physicians going through a...
Understanding the effects of divorce on a business in Michigan
Divorce can be messy business, and if you're not careful, it can affect your business, too. When it comes to property division, debt allocation and spousal support, things can get complicated quickly. It's important to take steps to protect your business interests...
Divorce presents changes and challenges
When you're a Michigan resident who's going through a divorce, there are many issues that you will often need to address, and some of them can be very difficult to deal with. Whether you have children or not, some of the key challenges that you can expect in divorce...
Gray divorce and what it could mean for you
If you're in your 50s and considering divorce, you will undergo what is known as a "gray divorce." Since you and your partner will be ending your marriage when you are closer to retirement, there are important factors to consider. Here are some ways you can prepare...
How are marital debts split?
If you get a divorce in the state of Michigan, you're typically entitled to a portion of the marital estate. However, you may also be required to pay a portion of any debt that was accumulated while married. Let's take a closer look at the factors that may determine...
Can divorce have a psychological impact on children?
Even if it is the best solution for the future of the entire family, divorce often means a dramatic change in lifestyles. From the reduction in spending power to the logistics of maintaining separate households, parents must ensure their children receive the proper...
Can an online business be divided during divorce?
While maintaining a family business during a marriage is nothing new, many couples now explore the options provided by an online marketplace. Whether they have developed an online component to the brick-and-mortar business or as a singular online company, the couple...
What not to do when negotiating a divorce settlement
If you are contemplating a divorce, it is important that you consider the potential financial implications of doing so before it becomes official. The state of Michigan is an equitable division state, which means that you can't count on getting half of the marital...
Interest in divorce picks up in the new year
If you have found yourself researching divorce, you are not alone. An ongoing trend is that questions about divorce and divorce filings, in general, pick up in early January in Michigan and around the country. It is a trend that has been going on for a few years even...