If your divorce case, the first thing you need to know is that Michigan handles support on a case-by-case basis. Support is established to help ensure both people are equitably supported post-divorce. There are many factors involved in determining whether spousal support is appropriate and for how long it should be paid. Here’s what you need to know.
A common issue in divorce cases revolves around business interests, often held by one spouse and not the other. Business interests are marital assets, divisible upon divorce. The tricky part is determining what the business is worth and how the owner spouse compensate the non-owners spouse for their interest? The so-called “double-dip” scenario involves whether or not the value of a business, and the excess earnings derived from same, can be considered when valuing a business and when considering spousal support. Read more