In a divorce, one household becomes two, and all of the marital assets and property must be divided between the divorcing spouses. Michigan is an equitable distribution state, meaning property is divided in a manner the court finds fair and just. However, a number of factors are taken into account which typically result in an equitable, but not equal, split. Factors include:
To ensure you obtain your fair share of the marital property, it is important to have an experienced property division lawyer on your side. At Dagher Law, our attorneys are exclusively focused on family law and can guide you through all of the legal details of the division of martial assets.
Let us help you. Contact us today online or by telephone at 313-846-1900 to arrange a consultation with one of our experienced property division lawyers.
Property Division in Michigan
Michigan property division law distinguishes between marital and separate property.
Generally, if separate property gains value during the course of the marriage, the increased value can be considered marital property.
Determining what is marital property and what is separate property can be a complex process. Our attorneys consult with leading experts in forensic accounting, business valuation, pension valuation and other fields who help us identify and value assets in a divorce.