What to do with the marital home and where to live after a divorce is one of the biggest challenges people face when ending a marriage. While state family law can settle particularly contentious property distribution issues for Michigan couples, many look to alternative arrangements in the interim of a final resolution. Keeping the marital home for the kids and rotating the parent who lives there is becoming an increasingly popular option, particularly for wealthy divorcees.
At the start of the marriage, most Michigan couples assume that they will live happily ever after. However, as these same couples raise their families and spend their time planning for their future retirement, they begin to realize that their version of happily ever after may not include a future with their current spouse. As couples approach retirement age, the decisions to divorce can have a lasting impact on their financial future. With this in mind, consulting with an experienced family law attorney is often in the individual's best interest.
Prenuptial agreements, or prenups, have traditionally received the most attention among the rich and famous. However, people of a wide range of backgrounds and walks of life in Michigan and elsewhere use these agreements today. The reason for this is that these agreements can offer valuable financial protection for those going through the family law proceeding of divorce.
Maintaining a good credit score is of utmost concern to many Michigan residents and others around the country. Unfortunately, when couples go through a divorce, those scores could fall as a result of various financial factors. Family law experts recommend ways to keep a strong credit rating even though one's marriage may be coming to an end.
When a couple in Michigan or elsewhere around the country get a divorce, the issue of alimony or spousal support is likely to be addressed. For the past 75 years, alimony was taxed a certain way for the payer and the recipient. However, the new tax law that was approved late last year changes how alimony will be taxed. Family law experts predict that these changes will affect how divorces will be handled during the remainder of 2018.
When a couple in Michigan or elsewhere around the country decide to get a divorce, there is always much discussion around finances. Family law experts believe that those financial discussions become even more complicated when the couple is older. In fact, further complexities arise if one or both of the ex-spouses decides to remarry. Advisers recommend several steps to protect one's financial situation, whether a person is currently married, planning to be married or going through a divorce.
When couples get divorced in Michigan or elsewhere around the nation, they have numerous issues to resolve. Housing, retirement accounts and spousal support are just a few of the topics that must be discussed when a marriage comes to an end. However, family law experts note that for couples with children, it is of utmost importance to carefully address the children's needs. Two rural sociologists recently studied how farm families were affected by divorce. However, national data indicates that divorce can influence children and their families, regardless of the parents' occupations.
When a Michigan couple or others across the country go though a divorce, child custody issues are among the most sensitive in the deliberations. While traditional arrangements often saw the children spend the majority of their time with one parent, shared parenting is now gaining more widespread support. In fact, family law experts report that 25 states either have legislation in place that supports shared parenting or are considering it.
Divorce tends to amplify financial concerns for many parents. This is especially true when it comes to providing a financially stable life for children, which can seem overwhelming and even impossible with a smaller income. Child support can ease these worries, provide continued financial support for children and is covered under Michigan family law.
Facing a simple drug possession charge may not seem like that big of a deal. Really, though, this is a criminal offense that can have some serious consequences that can haunt you for life. If you are facing a drug possession charge in Michigan, your criminal defense matters.