In Michigan, there are many couples whose assets are heavily commingled or who simply have acquired a lot of property during their relationship. This means that in the event of a divorce, it could be difficult to find a way to separate out what belongs to each partner fairly. Some couples are able to decide this between themselves, but this is not always possible, particularly if you and your spouse are on bad terms with each other.
If you cannot reach an agreement, it will fall to the divorce court to decide. This means it will need to be determined which assets count as shared property and which are separate. However, this is not always as straightforward as you might hope and the more you have, the longer it can take to figure out.
When it comes to the court's decision on division of property, many factors can come into play. For example, if you have children, the custodial parent might be more likely to be awarded the family home, to avoid disruption to the children's environment. However, this is not guaranteed. Every case is different, so your individual circumstances can play a big part in your final divorce settlement.
If you are planning to divorce or even in the middle of negotiating your divorce settlement, you might benefit from the advice of an attorney. He or she can oversee the process and may be able to help you secure the things that matter most to you. Our page on family law may also have some useful information to help you through. With the right guidance, you can pursue a fair and favorable settlement to your divorce and look forward to the next chapter of your life.