Property Division in Michigan Divorce Cases

In divorce proceedings, courts will attempt to determine which property is marital and separate. Marital property includes assets acquired during the marriage such as homes, cars, and furniture, while separate refers to assets obtained before the marriage such as inherited money. At FasTrack Divorce® Michigan, our elite divorce firm can work hard to find the best possible solution for your separation.

If you and your spouse can come to an agreement on a fair division of your property, you can file a contract called a property settlement agreement or divorce settlement for the judge to include in the final divorce judgment. Otherwise, you and your spouse will end up going through the court to decide the property division.

How is property divided in court?

In Michigan, courts push for equitably divided property between spouses, but this does not necessarily mean an equal division.

Courts can consider the following factors when distributing marital assets:

  • Length of marriage
  • Spouses' contributions of the marital estate
  • Spouses' age and health
  • Life status of the spouses
  • Spouses' necessities, financial needs, and circumstances
  • Earning abilities of the spouses
  • Past relations and conduct of the spouses
  • General principles of equity

The courts will determine which factors are most relevant depending the specific circumstances of your divorce. Debts will also need to be addressed such as home loans, car loans, credit card bills, and medical expenses. Both spouses will be liable for repayment for debts incurred during the marriage. A judge will decide how to divide debts if you and your spouse cannot come to an agreement.

We Stand With Our Valued Clients

When you call on FasTrack Divorce® Michigan, our firm can stand beside you during your four-person, two hour meeting and argue for your best result possible. Our FasTrack Divorce® process can greatly benefit you and your spouse if you are ready to have a serious conversation about how to proceed with your divorce and division of your property.

Contact FasTrack Divorce® in Michigan today and we can discuss your unique divorce situation.

Tips on How to Remain Positive After A Divorce

When getting married, everything seems positive. Most people rank the day of their marriage as the happiest day of their lives. This ranking seems to hold both during the planning stage and after having experienced the big day. Unfortunately, many...

Tips To A Quick Amicable Divorce

Today, it is more common for marriages to dissolve than it ever has been. Statistics say that the divorce rate is about half of the marriage rate. This means for every two couples that get married, one of them is unlikely to stay married. Divorce...

Does Divorce Mean Goodbye to Stepchildren?

According to the Pew Research Center, more than 40% of US adults have at least one step relative, specifically a child, sibling, or parent. With that many step-relatives, there are millions of children learning to live with a step-parent. These new...

How Teachers Can Plan for Divorce

Reshaping your life when planning for divorce is difficult no matter your profession. But, teachers have unique demands that will need a different approach than many others. Review our suggestions tailored to teachers who will soon divorce....

Qualities to Look for in a Divorce Attorney

Unfortunately, the divorce process is just as much a reality of the world as marriage itself. While no couple enters into marriage with the intention of getting divorced, some circumstances are simply unavoidable. Whenever a couple is going through...

How Could Divorce Impact My Children?

There is a lot of research about whether or not divorce can impact children. When parents are involved in a high conflict marriage, children are often better off with the parents separating rather than staying together. For children whose parents are involved in a low conflict marriage, they have a harder time adjusting.

Commonly Asked Divorce Questions

Everyone detests a divorce and the rigorous process that it entails; yet divorces still take place every day. This post is meant to shed light on the five commonly asked divorce questions. What is the procedure for initiating a divorce? Divorce...

What Is A Gray Divorce?

Many couples are now getting divorced later in life, such as after the kids have moved out and after retirement. Late-life divorce is also known as silver or gray divorce has become more common (and more accepted) over time. But what is the cause of...

How Is Legal Separation Determined In Michigan?

In the United States, each state has different statutes when it comes to separation and divorce. Michigan is no different in that aspect. During such a trying time, knowing how to go about following policy and procedure reduces the stress that the...

Dividing Business Assets

Division of business assets in a divorce can be a difficult process, especially when that business is worth a lot of money and still bringing in future earnings.

Parenting Plans

Even after child custody has been determined, there are additional important decisions to be made-namely, the parenting plan.

Shared Custody

Shared custody, or joint custody, is a viable option for many divorced couples who each separately have the resources to properly provide for their children. If this is the case, and the couple can agree to share custody, they can set up a plan to...

Child Support Laws in Michigan

Child support is oftentimes the most contentious aspect of a divorce. The court will work to ensure the child is awarded the most time with the parent best able to provide for its physical and emotional needs.