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Livingston County Divorce Law Blog

What to know about the new alimony law

Under current tax laws, Michigan residents who pay spousal support as part of their divorce agreements have the ability to deduct their payments on their taxes. Those who receive the payments have to pay taxes on them. Thanks to the Tax Cuts and Jobs Act, in 2019, these alimony rules are about to change.

Whom will this law affect? What changes can you expect to see? Is there any way around the law changes?

Don't let retirement fears stop your divorce

Gearing up for a divorce and retirement at the same time? The prospect is not exactly appealing, and Michigan couples in this situation may feel overwhelmed by the potential financial repercussions. Still, you should not let these fears hold you hostage in an unhappy marriage.

While there are certain financial implications in divorce, a proactive approach can minimize the impact. This includes keeping a close eye on finances and future retirement needs.

What are the benefits and drawbacks of a prenuptial agreement?

If you are preparing to marry in the near future, there are certain things you can do to protect your interests long-term. One of these steps can include drafting a prenuptial agreement. This may not seem romantic or necessary for your particular situation, but there are many benefits to this decision.

At its most basic form, a prenuptial agreement outlines how property division will work in the event of a divorce. However, these contracts can also include other things, such outlining the financial responsibilities of each person over the course of the marriage. If you do not have a premarital agreement in place, you would be wise to consider the protections it offers to many Michigan couples.

Will a divorce affect my retirement plan?

Saving for a retirement is a lifetime goal that takes both time and effort. To ensure that you have sufficient assets to support yourself in your golden years, you and your spouse likely worked together to build up savings and investment accounts. If the two of you had children together, you may have chosen to split the labor, with one of you tending the home fires and the other earning income for the family's security.

Now that you are facing a divorce, you may be wondering what will become of your efforts. Is there enough to support the both of you? Does the law favor one spouse over another during property division? Are there guidelines in place in Michigan to help you protect your interests?

Collaborative law could offer you a better way to divorce

Divorce is complex and difficult, no matter how amicable the two parties may be. If you are facing the end of your marriage, you may be wondering if there is a way to simplify the complications of this process and make this difficult step easier for every member of your Michigan family. Collaborative law could offer you a better way to divorce. 

Litigation and costly court battles are not the only ways to divorce. Couples who wish to stay out of the courtroom and work through their divorce issues may choose collaboration as a way to come to a meaningful and workable final order. This is not always possible for everyone, but it may be a worthwhile option to consider.

What is a gray divorce?

Divorce seems like a pretty black and white affair. You're married, you decide you don't want to be anymore, you dissolve the marriage and it's over. So what is a gray divorce?

Gray divorce doesn't refer to the state of the divorce itself, but rather the ages of the couple. A gray divorce is when couples 50 and older end their long-term marriage.

School starts soon: Will your custody schedule change?

When Sam and Shelby got divorced, everything was pretty much cut and dried: They had shared custody--more or less a fifty/fifty split--with each parent getting half the week.

This scenario worked well for the first couple of years; but this year, their twins are starting kindergarten. Suddenly living a city away from each other is going to make splitting each week problematic—the twins are registered for school in Shelby’s district. Do they need to modify their decree?

How is child custody decided?

Child custody is one of the most important parts of the divorce process for parents. You probably want to keep as much time with your child as you can. In some cases, parents negotiate and come to an agreement about custody arrangements. For other couples, reaching an agreement with each other seems impossible and it is up to court to decide.

But what does court consider when ordering child custody?

Divorce and the division of property in Michigan

The process of dissolving a marriage is never an easy one. There are many aspects of the process that cause stress, but one of the greatest concerns for couples is how their property will be divided. While the uncertainty that can accompany the division of property can add additional concern, the state of Michigan has laws that specify the different types of property and how they will be treated.

Before you can develop an understanding of how property will be divided between parties, you must first have an understanding of the different types of property.

Holiday parenting time

Thanksgiving is just around the corner. Families celebrate with a wide variety of traditions from watching the Macy's Thanksgiving Day Parade while munching on hors d'oeuvres to a grand feast among close friends and extended family.

The holiday season can bring anxiety over many entertaining snafus, such as leathery turkey that disintegrates on the dining room table or bits of kibble in the Jell-O mold. Divorce can up the ante. But, it doesn't have to be an unpleasant experience for you or the children when a solid parenting time schedule is in place. 


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