Understanding the Complexities of Divorce in Southfield, Michigan
February 28, 2023
Understanding the Complexities of Divorce in Southfield, Michigan
Going through a divorce is a difficult and emotional process. It can also be a complicated legal venture, especially if you are not familiar with the laws and regulations in place. At Zanolli Family Law, P.C., we understand that this is an extremely sensitive time for our clients and are here to help them navigate the complexities of divorce in Southfield, Michigan. Let’s discuss some of these factors that may come into play during this process.
Factors During Divorce Proceedings
When determining how assets will be divided among spouses in a divorce, courts must consider many factors, including each spouse’s age, health condition, occupation, financial resources and needs, as well as any contributions made by either party to acquire or preserve marital property. Other important considerations are fault for the breakdown of the marriage and whether either party has engaged in waste or dissipation of marital assets. These matters can become complicated quickly because the court must take into account both parties’ income while attempting to provide a fair division of marital assets.Spousal Support Calculations
In addition to dividing assets between spouses during divorce proceedings, spousal support may also be granted as part of the settlement. The amount and duration of spousal support payments depend on various factors like length of marriage and earning potential. The court will also take into consideration each spouse’s educational background when deciding potential income levels following divorce proceedings due to job opportunities available in their respective fields.Who Gets The House?
If divorcing couples decide to sell their family home or one party wants to keep it as part of their settlement agreement, things can get complicated quickly when dividing equity from shared real estate holdings. In most cases involving jointly-owned properties acquired prior to marriage or used exclusively by one spouse during marriage (i.e., rental properties), equity is split 50/50 between both parties unless otherwise agreed upon by both individuals involved in the divorce proceedings. If one party wishes to keep the shared house after the dissolution of marriage (and no agreement exists between both parties), it may be necessary for them to buy out their ex’s share with cash or other assets equivalent in value prior to finalizing any type of settlement agreement regarding real estate holdings or division thereof.No matter what stage you are at in your divorce process—whether it's just starting out or coming close to completion—it's important to have an experienced professional on your side who understands all aspects of family law in Southfield and beyond so you can make informed decisions about your future while protecting your interests along the way. At Zanolli Family Law PLC we are dedicated helping our clients understand all their options so they have peace of mind knowing they have taken all necessary steps towards resolving their legal issues successfully! Contact us today for more information about our services! We look forward hearing from you soon!
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