Archive for 'Property Division' Category
Oct 3, 2023

by Van Den Heuvel Law Office Divorce is a difficult process. It often involves dividing complex assets and determining child custody arrangements. However, it becomes even more complicated when one of those assets is cryptocurrency. Cryptocurrency is a decentralized digital asset that uses encryption techniques to secure transactions and verify the transfer of funds. In this blog […]

Nov 21, 2022

by Van Den Heuvel Law Office Property division is one of the most contested issues in a divorce. Michigan law allows only marital property to be split in a divorce, meaning non-marital or separate property is not divided but instead kept by the spouse who owns that property. Assets and debts are both considered in a […]

Oct 27, 2022

by Van Den Heuvel Law Office During a divorce, your retirement account likely isn’t your immediate concern. Divorce involves many complex decisions, such as arranging child custody and spousal support, and your attention is focused on contending with those matters. Retirement funds can’t be accessed for many years, after all. But divorce is often a long and complicated […]

Oct 4, 2022

by Van Den Heuvel Law Office Under Michigan divorce law, there are several factors in a divorce that depend upon assessing the value of the marital estate, i.e., the assets that a couple acquires during their marriage. A court needs to know how much all property is worth before entering a final decree regarding property division and alimony. […]

Feb 15, 2022

by Van Den Heuvel Law Office Property distribution is often one of the most complex aspects of a Michigan divorce, and this is particularly true when one or both spouses have retirement accounts and other investments, such as a 401(k). One common question asked by the clients at the Van Den Heuvel Law Office is whether a spouse […]

Nov 8, 2021

by Van Den Heuvel Law Office Most couples or families must budget for their major expenses each month, like housing or a vehicle payment. But when it comes to smaller expenses, like gas or your morning coffee, many people lack an accurate budget for these everyday items. Divorce can quickly change all that, making you very […]

Feb 10, 2021

by Van Den Heuvel Law Office In order to make a divorce final, a judgment of divorce must be drafted and ordered by the court. One of the mandatory sections, which must be included in the judgment of divorce, is property division. Here, the court orders the division of real property, personal property, and marital debt. What is […]

Dec 22, 2020

by Van Den Heuvel Law Office In Michigan, there is more than one way to get a divorce. Mediation is an option that allows the divorcing couple to have the final say on what settlement they will receive. Mediation is typically much less expensive than going through litigation, as well. While mediation is a good option for […]

Nov 24, 2020

by Van Den Heuvel Law Office It is not uncommon for married couples to purchase a home together at some point during their marriage. In the event of divorce, the home is then typically the largest asset that must be divided between the couple. Unlike other assets, such as jewelry or art collections, a home cannot simply be split […]

Jul 14, 2020

by Van Den Heuvel Law Office Couples choose to legally separate instead of getting a divorce for several reasons. Religious reasons are often the cause of a legal separation, but individuals also often choose this route for insurance or tax purposes. Many states do not allow for legal separation, but they are valid in Michigan and these arrangements […]