Property Division

Client working with a high-asset divorce attorney serving Troy, MI

Protecting Financial Assets and Property in Divorce

How will your divorce affect your financial outlook? The answer may depend on your choice of attorney. You need someone on your side with experience resolving complex economic issues in divorce who can maximize your share of the marital estate. Speak with a member of our team who will represent you in all Family Law in Troy, MI.

Property Division in a Michigan Divorce

Our experienced divorce attorneys can help you protect your fair share of marital assets, including:

  • Your marital home and other real property
  • Automobiles
  • Savings and checking accounts
  • Retirement savings and investments
  • Home furnishings
Michigan is an “equitable distribution” state, which means that a court will divide marital assets and debts based on fairness, not equality. While a property settlement may be 50/50, it does not have to be if a different ratio achieves equity.

What Property is Subject to Division?

Marital property is subject to division in a Michigan divorce, including assets purchased or acquired during the marriage, with the exception of gifts or assets received through inheritance. Some assets acquired before marriage can become marital assets due to comingling during the marriage. For example, both spouses contributing mortgage and tax payments for a house one spouse purchased before the marriage could result in the house being considered marital property for property division in divorce.

Get the Attentive Legal Services You Deserve

At Berlin Family Law Group, we understand that divorce can be difficult. We look forward to helping you navigate the process with your rights, your financial wellbeing, and your dignity intact. Call 248-655-7980 or shoot over a brief email to get started.