When you’re newly married, dividing property isn’t even a thought—instead, you’re focusing on combining your property for a long, healthy, happy marriage.
Unfortunately, sometimes life has other plans.
At Goldman & Associates law firm, our team of legal experts has over 40 years of experience helping clients just like you achieve their legal goals. If you’re going through a divorce and think it’s best to have a legal expert on your side, you’re right.
Here are a few things you should consider when dividing property during a Michigan divorce.
1. Which type of divorce do you have? There are two kinds—uncontested divorce and contested. During an uncontested divorce, both parties agree to the divorce. During a contested divorce, one party disagrees, which generally makes property division more difficult.
2. What kind of property do you own? If you haven’t purchased a house, car, or have a joint bank account, property division may be easier than normal. However, every marriage has ‘community’ property, or things you acquired during the marriage—no matter how big or small. In addition, every marriage also has ‘separate’ property, also known as property that you brought into the marriage owning yourself. This could be a gift, inheritance or something similar that belongs to you and you only.
3. Are you able to divvy up anything yourself? This can save you a lot of time and money if so. Here are a few tips for accomplishing property division outside of the courtroom:
- List all of your belongings together that you jointly own.
- Go through the list one by one and agree upon a value for reach item.
- If there’s a logical owner without argument, agree to which spouse should own the property.
- Get approval by a judge. If you agree and make decisions together on property division, a judge will typically grant your wishes.
Discover Your Options Today
If you’re wondering how we can help you, we’d love to speak about your case. Contact an experienced Michigan family law attorney today at our firm to schedule your hassle free, no obligation consultation at no cost to you.
We look forward to learning more about how we can help.