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Divorce in Michigan – How Property and Debt Are Divided

Divorce in Michigan - How Property and Debt Are Divided

Are you in the middle of a divorce in Michigan?

Are you wondering how your possessions will be divided?

Welcome back to our series that we have been posting every Monday for the past few weeks. This Monday series is simply about giving you information on filing for a divorce in Michigan. Please note that this information is being provided free for your reference, however, it is very general. We have already covered some important information about divorce in previous articles, so let’s start off by reviewing those.

Please remember that this information being provided as reference and is not intended as legal counsel. Every couple and every divorce is different. If you have any questions about your situation and you have yet to find the answers, please contact my office.

How Your Property and Debt Will Be Divided in Michigan

First, let’s define what marital property and marital debt is. Michigan Legal Help has a good to the point definition,

Marital property and debt are those that you acquired during your marriage. A retirement or pension plan is also marital property and the court can award the other spouse an interest in the plan. In most cases marital property and debts will be divided evenly between the spouses.”

If you owned property prior to the marriage or there is property that was inherited by one of the spouses, most likely that property and inheritance will go to the original owner.

If there is a disagreement on the property, the court will have to take into account things like, how long you’ve been married, how much you each contributed to the financial part of the marriage, and your earning potential. Every case is different and every divorce is different. If you have any questions, you can ask your questions in the comment section below. If your questions are too personal or if you need legal counsel, please contact my office at 248-348-7400 or 586-530-1000.

This article was published on: November 4, 2013 and was last modified November 5, 2013