[Video] – How Do I Protect My Business In A Michigan Divorce?

If the business was owned by the husband and wife and the parties intend to continue the business as their sources of income, then they may be able to work out alternating schedules. The problem becomes when you have a business with perhaps multiple partners and when it needs to be distrusted properly. Each case is fact specific and case by case analysis needs to be done to determine how to address all of the issues. If you have any questions, feel free to reach out to our office today.

This is a must watch video for anyone who needs help with business throughout the divorce process in Michigan. Goldman and Associates will protect YOU and your BUSINESS! Here are some tips that most divorce attorneys will never tell you.

[Video] – How Do I Handle A Military Divorce In Michigan If My Spouse Is Overseas?

Your rights do not change when it comes down to you coming before the court and asking for a divorce. What complicates matters involves technical matters such as service or military benefits. You should remember that just because your spouse is deployed, doesn’t mean you can’t file for divorce. However the court may have special requirements for how the process can be completed. Contact our office today for more information regarding military divorce in Michigan.

This is a must watch video for anyone who has questions about their divorce with their spouse overseas. Here are some tips that most divorce attorneys will never tell you about military divorces.

[Video] – How Can I Get Spousal Support Reduced In Michigan?

Generally speaking in most cases, spousal support can be reduced based on a change in circumstance. The court may order that the support continue until the court rules otherwise. The court may rule otherwise for example if their hours and wages were reduced significantly. If the payor no longer has the resources available, then they would be able to file an appropriate motion to ask for the reduction. If you have questions about spousal support in Michigan, please contact us today for more information!

This is a must watch video for anyone who wants to learn more about reducing spousal support in the state of Michigan. Let us help you right now, here are some tips that most divorce attorneys will never tell you.

[Video] – How A Domestic Violence Charge Can Affect Your Divorce & Custody Case In Michigan

In a custody case, one of the elements that the court might evaluate to determine what is in the best interest of the child is whether there is domestic violence in the household. Domestic violence at the very least is a misdemeanor where someone could potentially go to jail. In that scenario, you should definitely hire a skilled attorney to help you with your case. Whenever an individual’s liberty is at stake, you shouldn’t handle this by yourself.

This is a must watch video for anyone who has questions about domestic violence charges and divorce in the state of Michigan. Here are some tips that most divorce attorneys will never tell you.

High Asset Divorce in Michigan

When you hold multiple assets and a substantial amount of money in your account, divorces can take a sharp turn and become a high asset divorce. When dealing with marital assets the divorce process can become much more complicated. In a perfect divorce, all assets would be split 50/50 but in a high asset divorce, you run the risk of losing a lot of money. In this blog, we will be going over the basics of High Asset Divorce in Michigan.

When there are a lot of assets involved there may be pension plans, multiple homes, or property, and these things might make it difficult to determine the true value. There may be assets that even have a fluctuating evaluation which can make it difficult when it comes to the division of these assets. When we divide assets, oftentimes there are assets whose value is a matter of dispute which can present challenges.

What is High Asset Divorce?

A high asset divorce in The State of Michigan is when there is $1 million or more in liquid assets and there is a large amount of property and other assets. There is a huge difference between the complexity of a divorce case involving assets and a case with no assets. When there are assets involved the best possible choice is to try to work with the other party to come to some kind of agreement so that the process can go much smoother. In reality, this is very difficult to do especially with high assets, this is why you need an experienced lawyer.

High Asset Lawyer

Finding the right lawyer is key to making sure your high asset divorce goes right and you get the results you desire. There are many divorce lawyers that handle regular cases but for high asset divorces, it is a different process that requires a skilled and experienced lawyer. If you hire an attorney from a law firm that isn’t accustomed to handling cases that involve millions of dollars, high-value properties, or other assets, then you run the risk of this being handled poorly and not achieving the outcome you deserve. Make sure to choose an attorney that has many years of handling high asset divorces. In a standard divorce with more debt than assets, those cases are easy from the standpoint of discovery.

There isn’t a lot to investigate and ultimately people spend more money on legal fees than what the marital estate is worth. However in a high asset divorce, whether you are the one with the assets or the spouse of the one with the assets, it is very important to engage in aggressive discovery. This is important so that you can find out the value of the assets so that appropriate decisions can be made on how to allocate them.

Your attorney also has to find a way to address alimony or even allocate debt. These questions require a discovery phase and investigation. Goldman and Associates Law Firm can handle all these matters and give you the best possible outcome.

The Dos and Don’t

It is highly unlikely that one person will receive 100% of the assets and one person will leave with nothing. Despite the fact that Michigan is a no-fault divorce state, the truth is that fault can be relevant to some property, alimony, and other issues. The court may not be equal about it, it may be something along the lines of a 60-40 split, but you don’t see 90-10 split in these scenarios from Michigan courts. In the majority of cases, the distribution will be even.

The initial instinct of those with high assets and are going through a divorce, is to generally run and start hiding or moving money, property, stocks, or other assets. This is the wrong thing to do and will backfire on you. When the court finds out that you are trying to hide your assets they will give you less of what you could have gotten, and the divorce process will be drawn out longer than needed. Your attorney will tell you what assets you might need to maneuver and the majority of the time your attorney will tell you not to touch anything especially once you have been served.

If you want to preserve your assets, there are things that can be done in order to preserve those assets from your soon to be ex. Don’t hide any of your assets or try to put all your money into stocks or other savings accounts, this will only hurt you in the long run and the court will find out. Be truthful and tell your attorney about all the assets you own and give all the information needed by the attorney.

Conclusion

If you are involved in a High Asset Divorce make sure to contact your attorney first and listen to what steps you need to take so that everything that can go as planned and you can get the best possible outcome. Some assets are easy to determine such as a bank account, and on the other hand, there are some assets that are hard to figure out such as a house, pension plan.

The court will conduct a simple calculation in order to determine the value and if the value cannot be easily calculated and if your attorney is unable to do so, then the assistance of experts will be enlisted. The court will look at the value from the time the marriage started until the time of divorce, and that piece is the marital asset and subject to division.

If you need more information on High Asset Divorce or Marital Property or if you have any questions regarding divorce in The State of Michigan contact Goldman and Associates Law Firm. At Goldman and Associates, our attorneys are experts in family law and they will thoroughly examine all aspects of your divorce. With the best lawyers in Michigan, Goldman and Associates takes each and every case very seriously and gives you the outcome you desire.

For more information on high asset divorce in the State of Michigan watch the video below and check out the Goldman and Associates YouTube channel for more videos on everything relating to law in Michigan. Make sure to give our attorneys a call if you have any questions about domestic violence in Michigan.

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[Video] – Financial Mistakes To Avoid During A Divorce In Michigan

Sometimes people have certain instincts and think they have to take care of things a certain way without thinking it through. One of the financial mistakes that individuals make is paying off debt before the divorce hoping the court will look at them differently. A marital debt is going to have to be divided in the divorce balance sheet just like a marital asset. This means when you run to pay off the debt, it will not come back into the equation as a shared debt.

The debt may be something that your soon to be ex has to pay half of also. Another mistake from a financial standpoint is attempting to hide assets. Most assets can be traceable to some degree and if one person is caught trying to deceive the court, there are very serious consequences of doing so.

This is a must watch video for anyone who wants to know the financial mistakes to avoid during the divorce process in Michigan. There are so many moving parts during a divorce that it can be overwhelming sometimes. Goldman and Associates can help you TODAY here are some tips that most divorce attorneys will never tell you about.

[Video] – Can I Still Get Custody In Michigan If I’m Convicted Of Domestic Violence?

There are a dozen factors that the court uses to determine what is in the best interest of the child. The fact of domestic violence does not necessarily disqualify you from receiving custody. The court will examine the details of the domestic violence charge and when it happened among other factors. If you are in this situation, reach out today so our legal team can help you with your legal matter.

This is a must watch video for anyone who has questions about custody in Michigan, divorces are difficult and Goldman and Associates understand that. Let us help you today, here are some tips that most divorce attorneys will never tell you.

[Video] – Can I Get Custody Of My Stepchildren In Michigan?

You need to be aware though you may be very close and have a significant bond with the children of your spouse, in the event of a divorce, your spouse will get custody of the children and you will not. You are not going to get custody of your stepchildren. There may be certain circumstances where a person may become guardian of stepchildren.

This is a must watch video for anyone who has questions about their stepchildren in the divorce process. Here are some tips that may help you that most divorce attorneys will never tell you.

[Video] – Can I Ask The Judge To Order My Spouse To Get A Mental Health Exam In Michigan?

You have to remember that while the court won’t allow you to micromanage how your ex spends his or her time with the kids, the court will intervene if the way they spend their time with the children is deemed as dangerous. The court will always consider what is in the best interest of the child and there are remedies that the court can impose when your ex is behaving poorly.

The court may limit the parenting time by eliminating the parenting time or simply modifying the parenting time agreement. If you have questions about parenting time agreements in Michigan, contact our office today for more information.

This is a must watch video for anyone who wants to know more about the divorce process and mental health exams in the state of Michigan. This topic can be difficult and Goldman and Associates will be there with you throughout the process.

[Video] – Can Creditors Come After Me For Debts Involving My Ex In A Michigan Divorce?

You have to understand that every divorce in Michigan has certain goals. Amongst the goals are to divide up assets, but we also have to divide and retire liabilities. The judgment of divorce has to speak to who is going to pay for the liabilities. The court may order that you pay certain bills and your ex pays another set of bills. If you are both in debt, then they still have the right to pursue the both of you.

Worried about creditors and debt? This is a must watch video for anyone who has questions about debt during a divorce process. Here are some tips that most divorce attorneys will never tell you.