Steven T. Budaj, P.C.

Cadillac Tower

 (313) 963-9330 Voice
 (313) 963-9185 Fax
 Toll-Free 1-86-66-COUNSEL

 

 65 Cadillac Square

 2915 Cadillac Tower

 Detroit, Michigan  48226

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 Cadillac Tower at Campus Martius 

Property Division

Under Michigan law, the property of the parties to the divorce is divided "fairly". This standard is obviously vague and, although there are rules to help decide what is "fair", strong advocacy by your attorney is the best way to ensure that the property settlement is fair to you. The term "property" includes a lot of different things. Real estate, and personal property like cars and household goods, are, of course, included. But the Court will also consider pensions, retirement accounts, health and life insurance, businesses, inheritances, and even professional degrees.
 
 Unlike child support, parenting time and custody, the property division cannot be modified once the judgment is entered. It is important to get it right the first time because there will not be another time. Proper steps must be taken by your attorney to make sure that all assets and liabilities are discovered and addressed. Retaining an attorney who can identify all of the property and use innovative property settlement techniques to eliminate the unnecessary loss of assets to outsiders will result in a truly "fair" property division. 


Call NOW toll free at 1-86-66-COUNSEL.