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Grand Rapids Property Division Attorney

How property is distributed between spouses after a divorce varies from state to state. Mike Toburen of Toburen Law PLC is well-versed in Michigan property distribution laws and works closely with clients to ensure that both parties are treated fairly.

Contact Toburen Law PLC for more information on post-divorce property distribution.

What Is Divorce Property Division?

Divorce property division is the part of the divorce process where couples, alongside their attorneys, determine what is separate and marital property. Once they determine what the marital property is, they must decide how to divide it between the two of them. Under Michigan’s equitable distribution laws, marital property is divided according to what the court deems to be fair and equitable.

What “fair and equitable” looks like for each couple can differ. Let Michigan family law lawyer Mike Toburen help you sort out the finer details of your divorce case. Schedule an initial consultation with him today to learn more.

What Is The Difference Between Separate And Marital Property?

Separate property is any property that either spouse purchased, accumulated or inherited before the marriage. Marital property can include any property purchased during the marriage or any asset that accumulates significant value during the marriage.

What Happens To Inheritances In A Divorce Case?

There can be some exceptions to Michigan’s marital property laws – inheritance money can be one of them. For example, any inheritance you receive, even if you receive it during your marriage, typically isn’t considered marital property and is thus not subject to division during a divorce.

What Happens To Property In A Divorce Case?

Typically, any property you accumulate during your marriage can be subject to division during divorce. However, that’s not always the case if you have a prenuptial agreement with your spouse. In a prenup, you can typically specify certain assets you don’t want subject to division if you divorce. However, if you did not have a prenuptial or postnuptial agreement with your spouse, your marital property will likely be subject to division under Michigan’s equitable distribution laws.

A few examples of marital property include:

  • The family home
  • Shared vehicles
  • Furniture
  • Artwork
  • Investment accounts
  • Bank accounts
  • Retirement accounts

When dividing these complex assets, you want an advocate to promote your interests and help you pursue your goals. Attorney Mike Toburen can do that for you.

What Happens To Debts In A Divorce Case?

Much like property, debt can also be subject to division in a Michigan divorce as long as it begins or accumulates during the marriage. However, that can also depend on whether spouses have a prenuptial agreement and whether or not they decide to keep debts separate as part of that prenuptial or postnuptial agreement.

What Happens To Retirement Plans In A Divorce Case?

Retirement assets can be one of the more complicated ones to divide in a Michigan divorce. You will most likely need a qualified domestic relations order (QDRO). A QDRO is a legal document used to help navigate the complex investment and tax implications of dividing retirement accounts like 401(k)s.

If you have more questions about dividing retirement assets during your divorce, contact attorney Mike Toburen today. He’s happy to address any questions or concerns you may have about these matters.

Seek Sound Michigan Property Division Counsel Today

Mike has years of experience helping people like you navigate the complexities of divorce. Through his contact page or by calling 616-818-1842, you can schedule an initial consultation with him today.