If you are going through a divorce, you will face significant challenges that directly affect your parental and financial rights, making them extremely important challenges. Because the terms of your divorce will have a significant impact on your post-divorce future, having experienced
● Your divorce will not take the same path or look the same as anyone else's, but the fundamental issues that must be resolved are the same for every divorcing couple, including (as applicable):
● Your marital property will be divided.
● Your arrangements for child custody
● Child support Alimony (referred to as spousal support in Michigan) Each of these, if applicable to your case, is an important component of your divorce.
Property Division in a Divorce
Those assets acquired by you and your spouse as a married couple – regardless of who made the purchase or whose name is on the lease or title – are considered marital property and must be divided equitably in the event of a divorce. Equitably refers to the circumstances surrounding your marriage and divorce. Those assets brought into the marriage by either of you and kept carefully separate throughout will remain your separate property, but this can be a high bar. Among the factors that tend to complicate the division of marital property are:
● a lot of assets
● Several properties
● Owning a business
● In general, complex assets
Arrangements for Child Custody
Child custody arrangements are divided into two categories: physical custody and legal custody. Legal custody is concerned with who will make important decisions on your children's behalf, and this responsibility can be sole or joint. The types of decisions involved are represented by the following categories:
● Making decisions about your children's education
● Healthcare decisions for your children
● Decisions regarding your children's religious education
● Making choices for your children's extracurricular activities
Child Support Payments
The state of Michigan holds both parents financially responsible for their children, and child support is a tool used to help ensure that this responsibility is met. Child support is calculated according to state guidelines, and even if you share parenting time fairly evenly, the higher earner will most likely be responsible for child support.
Alimony is intended to help divorcing spouses balance any divorce-related financial discrepancies. In general, alimony will be awarded if one spouse has a financial need and the other has the means to help offset it. The amount and duration of alimony are typically designed to assist the recipient in obtaining the education and/or experience required to become more financially independent.
A Skilled Grand Rapids Divorce Lawyer Is On Your Side
experienced Grand Rapids divorce attorneys take great pride in guiding cases like yours toward favourable resolutions that protect our clients' parental and financial rights. Please do not hesitate to contact us today if you would like to learn more about how we can assist you.