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July 2017 Archives

Divorce creates challenges for financing a home

The suburban Detroit home that a married couple shares often acts as a point of dispute or at least financial concern during the divorce process. Retaining ownership of a family home often represents a priority for a client, but financial realities might toss up barriers to that goal. Attorneys will often recommend that people consider fully the financial impact of keeping a home instead of making purely emotional decisions. Someone hoping to buy out an ex-spouse's ownership in a home could face difficulty obtaining a new mortgage.

Myths that surround the divorce process

Michigan residents contemplating a divorce as well as those who are already in the process of getting one are likely to be inundated with well-meaning advice from family and friends. However, they should take some of this advice with a grain of salt as some of it may not be true.

Fathers play larger role in children's lives than in the past

Some Michigan fathers may be among the 57 percent who say they consider parenting as central to their identity according to a survey by Pew Research Center. This is about the same percentage as mothers who responded. Fathers are also more involved in child care compared to previous decades. Fathers in 2015 said they spent seven hours weekly on child care, and this was almost three times the number of hours reported in 1965. However, mothers still report considerably more at 15 hours per week. Nearly half of fathers say they do not spend enough time with their children.