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Dividing Assets and Debt in Divorce

In the state of Michigan, there is an average of 28,000 divorces each year, divorces are also declining each year but so are marriages. With so many divorces every year it’s important to be informed on assets, debt, and how things are divided during a divorce. When a couple is married they usually share a lot of things like property, money, and other assets. When a divorce occurs the question of who gets what may come up. It’s up to … Read More

[Video] – Why You Need To Hire An Attorney For Your High Asset Divorce In Michigan

You need to hire an attorney who is familiar with the divorce process and dealing with assets including millions of dollars. There are a number of attorneys who focus on divorce, they might know the basics but can’t assist you when it comes to the important and valuable assets. You will need someone who is experienced, knowledgeable and can get you the outcome you deserve because this is something that will impact your life forever. Contact us today if you … Read More

[Video] – Why Significant Assets In Michigan Require A High Asset Divorce Attorney

It is extremely beneficial and important to hire an attorney from a law firm who handles high asset divorces on a consistent basis rather than hiring someone to process papers and think that this is more cost effective. 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 … Read More

[Video] – Why Akiva Goldman Became An Attorney – [High Asset]

During a High Asset Divorce the process will take much longer than a normal divorce, with a lot more money at stake and other elements there will be much more conflicts and disagreement in the divorce. Goldman and Associates attorneys are experts in High Asset Divorces and will fight to protect what is important to you. Contact us today if you have any questions regarding High Asset Divorce in the State of Michigan. This is a must watch video for … Read More

[Video] – Why A High Asset Divorce In Michigan Must Be Treated Differently

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 … Read More

[Video] – What Is The Difference Between A Marital & Non-Marital Asset?

In terms of divorce, one of the main areas of focus is the division of assets. We will not divide all of the assets, but instead we will distinguish between marital and non-marital assets, and assets that were accumulated prior to the marriage and assets that were accumulated during the marriage. 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 … Read More

[Video] – Michigan High Asset Divorce Mistakes That Could Cost You

There are a number of mistakes that can cost you and there is only one way to handle your case correctly. The instinct of a lot of people who have assets is to hide them, transfer property into the names of relatives, or even hide cash. This is a dreadful mistake because odds are you will not get away with that. If you fail to disclose a marital asset in Michigan, not only can the court sanction you, but you … Read More

[Video] – If Assets Are In My Spouse’s Name, Am I Entitled To Them?

It is important to remember that in a divorce in Michigan, it is not about if it is in your name or your spouse’s name, it’s more about when the asset was acquired. If the asset was purchased during your marriage, then this becomes a marital asset which is subject for division. If the asset was purchased before the marriage, then that would be a different analysis. The overall key factor is title of property doesn’t determine who gets the … Read More

[Video] – How To Avoid Mistakes In A High Asset Divorce In Michigan

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. 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 … Read More

[Video] – How To Avoid Losing Everything In A Divorce In Michigan

In the real world of divorce, it is extremely unlikely that someone will receive 100% of the marital assets and that the other person will walk away with zero assets. 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 … Read More