When parents divorce, the agreement often stipulates that one parent is responsible for obtaining and paying health insurance for the children. If you are the one who does this and your insurance is from a job you have always hated or have come to hate, you may wonder, "Am I stuck in this job until the kids turn 18 because the divorce decree requires me to pay for their health insurance?"
Alimony, or spousal support, often numbers among the concerns of couples about to divorce. Celebrity divorce stories on the news as well as misinformation from friends can add to the confusion and fuel anxieties.
Multiple protective actions exist to secure your business from financial obstacles, including a divorce. For example, you may transfer your business to a trust or safeguard it through a prenuptial or postnuptial agreement.
If you talk to divorced friends or do research online, you will get a lot of advice on various subjects about marital separation. From who will get custody to who will get what assets, everyone is full of opinions. Unfortunately, a lot of these well-meaning people believe certain myths about divorce. Plus, even if one strategy worked for a friend of yours, it does not necessarily mean it will work for you.
If you think your divorce in Michigan is going to mirror your friends’ separation, you may be in for a rude awakening. No two relationships are alike, and neither are two divorces. There may be similarities that make you feel you have nothing to worry about with your situation. But if you use the wrong approach to leaving your spouse, you may end up in a long and expensive divorce.
If you are beginning the divorce process in Michigan and you have minor children, you may have heard of an entity called the Friend of the Court. This office may become involved in your divorce, so you should know what it does and how it can affect the process.
Spousal support, also referred to as alimony, may be awarded in some Michigan divorces. The law does not set forth a formula for calculating it; rather, it authorizes courts to make an award when they deem it proper.
No one gets married thinking divorce might one day follow, but in truth, it often does, and the decisions you make during the transition can have substantial effects on how you fare in the proceedings. Nowadays, divorcing couples face problems that those who divorced years ago may not have, and social media usage is among them.
You and your significant other got married a year ago, and it's been great. You haven't had any real problems or major fights. You were already living together before the wedding, so there wasn't a huge transition and a lot of conflict. You both own your own small businesses and money has been good.