Property Division Attorney in Grand Rapids
Protecting Your Assets During Divorce
Getting divorced from your spouse can be a cause for concern if you depended
on them financially or if you have certain assets you are afraid of losing.
At The Wealthy Street Law Firm, we are committed to helping
you feel financially secure during your
divorce.
Michigan is an equitable distribution state, which means that you and your
spouse will not necessarily receive a 50/50 split of your property. It
is important that you hire a skilled Grand Rapids divorce attorney to
represent you and guide you through the process and protect your assets.
There are many types of property and financial assets which may be subject
to division, including:
- Real property
- Retirement funds
- Savings accounts
- Vehicles
- Boats
- Fine art and jewelry
- Furnishings and other property
Property Division in Contested Divorces
The best case scenario is that you and your spouse can agree on who takes
what, such as you get to keep your primary residence and your spouse takes
the vacation home. However, when it comes to dividing assets in a tumultuous
divorce, this is not always possible. If you cannot decide who takes what,
you will leave the decision in the hands of the court during litigation.
There are many factors which may be considered by the court including:
- The length of the marriage
- The income each spouse has
- What each spouse contributed to the marriage
- The economic situation of each spouse
- The financial responsibilities of each spouse
Negotiating for a Fair Asset Settlement
If you are involved in a high-net-worth divorce or have complex assets,
it is essential that you hire a knowledgeable Grand Rapids property division
lawyer to represent you. We understand the importance of holding onto
the assets that you have worked hard to earn. You can rely on us to manage
all of the legal aspects of your case, from uncovering possible hidden
assets and valuation of property to negotiating in court on your behalf.
Do you need strong legal representation for your case? Call our firm today
at (616) 202-3988 to schedule a
free consultation.