Throughout your marriage, you and your spouse have likely experienced fluctuation in your financial situation. Perhaps, you've had months or years where you enjoyed financial stability or maybe even a small surplus. Like most Michigan couples, you've probably also overcome various financial challenges, especially if you or your spouse became ill, lost a job or made an investment that didn't pan out as you'd hoped.
Most adults in Michigan and beyond will sign contracts at some point in their lives. If you're a business owner, newly hired employee, home buyer or spouse who has filed for divorce, you have likely or will be signing a legally enforceable agreement. There are two types of contracts that often get bad raps. These are prenuptial and postnuptial agreements; however, they can help you protect your assets and can also help protect you from certain liabilities.