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Dividing debt during a divorce can be as challenging as separating assets, and it requires a clear understanding of state laws, the nature of the debt and each spouse’s financial situation.
Continue reading → The post Michigan Divorce Laws appeared first on SmartAsset Blog. If you know the law and are careful, you can escape your divorce without having to start over financially in ...
Ferguson, 639 So.2d 921 (Miss. 1994), [2] the court described equitable distribution of marital property at divorce as more fair, or equitable, than the separate property system. The court may consider such factors as "substantial contribution to the accumulation of the property, the market and emotional value of the assets, tax and other ...
The community property concept originated in civil law jurisdictions but is now also found in some common law jurisdictions. U.S. states with community property laws draw primarily from the marital property laws under the civil law of France and Spain. [10] Division of community property may take place by item by splitting all items or by values.
The Michigan Compiled Laws (MCL) are the official codification of statutes for the state of Michigan. [7] An unannotated edition of the MCL is published by the state ...
By conducting an analysis of all accounts, investments and properties, a divorce financial advisor can help you avoid costly mistakes when dividing assets. Post-divorce, an advisor can help you ...
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related to: michigan law divorce splitting assets and debts 1 2 10 6 circle areaassistantmagic.com has been visited by 10K+ users in the past month