Protecting Your Interests During Divorce Property Division
If you need a lawyer with experience handling a high net worth divorce, you can count on Musser Love, P.C. In addition to our experience in family law, we have knowledge of corporate, tax, and securities law. When necessary, we will work with financial experts to obtain accurate valuations and expert opinions.
When the financial stakes are high, you need a divorce attorney who understands the complex business issues involved. We have extensive experience handling sophisticated assets, business valuation, and investments. Located in Ann Arbor, Musser Love serves clients throughout Washtenaw County and in most areas of southeast Michigan.
We are ready to discuss your legal issue. Please call one of our skilled attorneys at (734) 677-0776 or contact Musser Love online or via e-mail.
Division of Property, Debt and Marital Assets in a Michigan Divorce
Michigan is an equitable property distribution state, but that does not always mean property will be divided 50-50. Issues from the divorce factor into the equation which could result in an unequal division up to a 60-40 split; issues such as illness, domestic violence, infidelity, and addiction could result in an uneven distribution of the marital estate. Regardless of the division, all marital property must be inventoried, valued, and distributed or sold. Marital property is any property acquired during the marriage. Gifts and inheritances are generally not considered marital property; however, they may be considered marital in certain circumstances. Further, debt distribution, including mortgages, taxes and credit cards, are also considered part of the property division process.
Property often includes:
- Credit card debt
- Stocks and Stock Options
- 410K, IRA and other retirement accounts
- Primary homes
- Vacation homes
- Real estate and property
- Personal possessions
- Businesses and business Interests
Experienced Legal Help in Property Division for Married and Unmarried Couples
As your attorneys, we will work to protect your financial assets during this process. We also represent unmarried cohabiting couples. In these cases, property division is more difficult, so you need a knowledgeable lawyer on your side.
Musser Love in Ann Arbor, Michigan is ready to discuss your legal issue, please call one of our skilled attorneys at (734) 677-0776 or contact Musser Love online or via e-mail.