Property Division Attorney Serving Birmingham And Oakland
You have spent years building your life, and now you are watching it become a point of negotiation. At Cannon Law PLC, we understand what is at stake. We are dedicated, aggressive advocates, and we fight just as hard for your future as you did to build it.
How Property Division Works In A Michigan Divorce
Michigan follows equitable distribution, meaning courts divide marital property fairly, not necessarily equally. The factors courts commonly consider include:
- Length of the marriage: Longer marriages often result in a more balanced asset division
- Contributions of each spouse: Courts weigh both financial support and non-financial roles, such as caregiving
- Earning capacity: Judges evaluate each spouse’s ability to be financially independent after divorce
- Minor children’s needs: Custody can affect decisions about the family home and major assets
- Dissipation of assets: Whether either spouse wasted or hid marital property may factor into the court’s decision
The weight of each factor depends on the facts of your case, and these decisions will shape your financial life for years to come. What you agree to today determines where you live, how you retire and what you carry forward. Do not rush into an unfair settlement simply to end the conflict.
What Assets Do Courts Divide In A Michigan Divorce?
Marital assets are the property and financial holdings either spouse acquired during the marriage, regardless of which spouse holds title to them. Michigan courts may consider the following for division:
- The family home
- Retirement and investment accounts
- Business interests
- Joint bank accounts and savings
- Vehicles and personal property
- Stock portfolios and financial assets
Courts generally do not divide separate property, which includes gifts or inheritances received by one spouse alone and assets you owned before the marriage. However, separate property can become marital if mixed with marital funds or if it increased in value due to marital efforts or contributions.
At Cannon Law PLC, we prepare every case with care, keep you informed throughout and advocate aggressively on your behalf.
Everything You Have Earned Deserves A Strong Advocate
Your financial future is not a bargaining chip, and you deserve a legal team that treats it that way. Cannon Law PLC serves clients throughout Birmingham and Oakland County with dedicated, one-on-one representation at every stage of the process. Call our office at 248-929-9750 or reach out to us online to schedule your consultation today.