Property Division
Marital Property Division Lawyer
Who gets the house? Who gets the car? Who gets the credit card debt? Marital property division is one of the most complex and contentious areas of divorce law. We help clients achieve an accurate and complete division of marital assets and marital debt.
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We thoroughly review your financial situation and make certain all debts and assets are accounted for and fairly divided, including:
- Real estate
- Business property
- Business investment income
- Bank accounts
- 401Ks
- Pensions
- Securities
- Mutual funds
- Stock options
- Annuities
Michigan divorce law calls for an equitable division of marital assets and debts. A 50-50 split is not always equitable. For example, we would argue that making our client responsible for debt the other party accrued through gambling would not be fair or equitable.
We also consider what assets were brought into a marriage, which are marital property, and which are individual property, such as those acquired through an inheritance. If you suspect your spouse is hiding marital assets we may bring in a forensic accountant or other financial expert to help follow the money trail. We are also very skilled at business valuations.
If assets need to be sold in order to execute the marital property division, we take the tax consequences of divorce into consideration and will counsel you regarding the timing of the sale to ensure you preserve as much of the assets as possible.
For a free consultation and case evaluation, please contact the marital property division attorney of Bain & Bain, PC in Novi and Howell / Brighton today.