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
- 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
- The economic situation of each spouse
- The financial responsibilities of each spouse
- What each spouse contributed to the marriage
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.