In Michigan, assets and debts accumulated during the marriage are divided equally in a divorce. As a result, it is important to determine what assets and debts are premarital and what was accumulated during the marriage. With every rule there are exceptions. The exceptions are as follows:
First, a premarital asset can become a marital asset under certain circumstances. If a party contributes toward the acquisition, maintenance, or improvement of the asset, then it may start premarital, and still be considered marital. It would then be divided. An example would be a premarital house that the parties put an addition on the home during the marriage. The equity has now gone up. The court can consider the whole home as a marital asset or try to assess the value of the improvement.
Second, the court may “invade” premarital assets if it is necessary for the support of the other party.
Third, property can be divided up to a 60 / 40 split rather than equally if there is fault in the breakdown of the marriage. Fault can be abuse, fraud, or extra marital affair. Fault has to result in the divorce.
If you are facing a divorce, a good divorce attorney is not optional, it is a requirement! Our divorce attorneys can answer your questions with straight talk. Having the right divorce attorney on your side can relieve your stress during this difficult situation. Our attorneys have over 95 years of divorce experience. Our attorneys have extensive divorce trial experience. Typical fees to retain attorney for a divorce case can range and from 1,500 dollars to as high as 10,000 dollars. Considering the seriousness of this life changing event, it is extremely important to retain the services of an experienced attorney in the area of divorce.
Krupp Law Offices P.C. is located in downtown Grand Rapids, Michigan and has the right divorce attorney for you. We represent clients in all divorce matters throughout West Michigan, , including the cities of Grand Rapids, Big Rapids, Ionia, Grand Haven, Stanton, Greenville, Wayland, Allegan, Holland, Newaygo, White Cloud, Fremont, Coopersville, Hastings, Middleville, Wyoming, and Rockford including Kent County, Ottawa County, Newaygo County, Ionia County, Mecosta County, Barry County, Montcalm County, and Allegan County Michigan.
Call for a free phone consultation. Our office can help.
KRUPP LAW OFFICES PC
161 Ottawa NW Suite 404
Grand Rapids MI 49503
616-459-6636 or [email protected]