Property Settlement Attorneys
Under Michigans Equitable Distribution Law, property is to be divided equitably, though not always equally, between divorcing spouses. This means that a court will decide which property will go to which spouse based upon what the court deems fair. This may not always be a 50-50 split.
In order to devise a fair distribution of property, a courts first step is to characterize property as separate or marital property. A spouses separate property generally consists of property a spouse owned before the marriage, property acquired by inheritance or gift, and personal injury payments.
Marital property consists of all property, other than separate property, acquired during the marriage, regardless of whose name is on the property. These assets are divided between spouses, and may include real property, personal property, businesses, automobiles, savings accounts, stocks, bonds, pension plans, retirement plans, and other items of value.
The Michigan property division attorneys at the Schulman Family Law Group help clients characterize assets, making claims to separate property when appropriate and identifying any and all marital property that may be subject to division. We also help clients assert their rights and interests in marital property, always working to ensure earned assets are protected and distributed fairly.