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Divorce and Financial Concerns

The uncertainty of meeting financial obligations is a primary concern facing individuals who are ending a relationship. Your dual-income household may be shifting to two single-income households, or one spouse may have been out of the workforce for an extended period of time.

At Mellin Robinson, P.C., in Troy, Michigan, our experienced family law attorneys will protect your rights and help you navigate the financial steps that are part of a divorce, including property division and spousal support.

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In-person Consultation

Divorce and Financial Concerns

The uncertainty of meeting financial obligations is a primary concern facing individuals who are ending a relationship. Your dual-income household may be shifting to two single-income households, or one spouse may have been out of the workforce for an extended period of time.

At Mellin Robinson, P.C., in Troy, Michigan, our experienced family law attorneys will protect your rights and help you navigate the financial steps that are part of a divorce, including property division and spousal support.

Virtual Consultation
In-person Consultation

How Divorce Affects Your Finances

Protecting Your Rights Regarding Property Division, Spousal Support And More

The decisions that are made regarding how to divide assets and debts that accrued during your marriage will have a significant impact on your post-divorce life. Many of these decisions cannot be reversed once they are approved by the court, so it is imperative to have an experienced and knowledgeable family law attorney on your side to protect your interests.

Experience With The Division Of Complex Assets

We work with clients from diverse economic backgrounds, including doctors, lawyers, self-employed individuals, and other professionals. Our legal team has experience handling the division of complex assets, including closely held businesses, partnerships, extensive real estate holdings, pension plans, expansive stock portfolios, and more.

In high-asset divorces, there may be a concern that one party is hiding assets or is not being completely forthcoming about salary or the revenue generated by a family-owned business. We work with tax professionals, forensic accountants, real estate appraisers, valuation professionals, and other financial specialists who help us obtain a clear understanding of all marital assets and debts.

Fairly Dividing Property During A Divorce

Michigan is an equitable distribution state, which means that all marital property will be divided in an equitable manner, but not necessarily equally. If the parties in a divorce are unable to reach an agreement on how to divide their marital assets, the court first distinguishes between marital property and separate property and then designates how the marital assets will be divided. In certain circumstances, the court may invade separate property. It is important to hire an experienced attorney at Mellin Robinson so we can develop a strategy addressing separate property issues. 

The Lawyer You Choose Has Far-Reaching Impact

Our divorce lawyers have experience assisting clients with high-asset property division. We routinely work with clients who have extensive stock holdings, complex pension and retirement plans, closely held businesses, multiple real estate investments and more.

Dividing marital assets can be stressful and complicated particularly if the parties involved have substantial assets and a high net worth. 

High-Asset Divorce Attorney

The experienced attorneys at Mellin Robinson, P.C. have the training, know-how and experience to assist individuals with high-asset property division in divorce. We work with appraisers, forensic accountants, business valuators, tax professionals, pension valuators, financial planners and other specialists to gain a full understanding and true value of the marital estate.

Our legal team’s collaborative approach to every case means our clients receive more than 40 years of cumulative experience. Contact us to schedule a complimentary consultation.

Once we have established the value of the property to be divided, we develop a strategy to protect our clients’ financial interests and ensure that they begin their post-divorce life in the best possible position financially.

We Protect Your Financial Interests

Our clients’ marital assets include a wide range of complex holdings, including:

  • Pensions and retirement plans
  • The contributions of each spouse to the marital estate
  • Partnerships, professional memberships or practices
  • Closely held businesses
  • Stock options, stock grants and corporate profit-sharing plans
  • Investment real estate such as commercial buildings, apartment buildings, or rental properties
  • Second homes, cabins up north or undeveloped property

We strive to reach agreement on property division through negotiation rather than litigation. Generally, both parties in divorce are more satisfied with the outcome when they retain control over the final decisions, rather than placing these decisions in the hands of a family court judge. If an agreement cannot be reached through negotiation with parties and lawyers, then the court is likely to require the parties to enlist the services of a neutral mediator.

Of course, not all disputes can be resolved without litigation. Our lawyers are trial-tested and always advocate aggressively for our clients, whether in pre-trial negotiations or in court.

We welcome the opportunity to answer your questions and recommend the best course of action. We will review your situation, provide a straightforward assessment and recommend the best course of action.

Spousal Support Attorney

Unlike child support, which follows rigid guidelines that are set by the state, spousal support in Michigan is awarded on a case-by-case basis and does not adhere to a specific formula. Spousal support is not ordered in every case. The purpose of spousal support, which is also referred to as alimony, is to help a spouse who may not have sufficient income maintain a certain standard of living while he or she becomes more self-sufficient following divorce.

As with property division and other issues that must be resolved in divorce, if both parties can reach agreement on spousal support, the agreement can be submitted for court approval and most often litigation can be avoided.

The family law attorneys at Mellin Robinson, P.C., protect our clients’ rights regarding spousal support. Whether you expect to receive spousal support or you will likely make spousal support payments, it is important to enlist the services of an experienced Michigan spousal support attorney early in the process.

We Are Committed To Providing Quality Support To Our Clients

Schedule A Meeting With Mellin Robinson, P.C.

We can review the facts of your case and answer your questions during a complimentary consultation. Contact us to schedule an appointment with one of our experienced family law attorneys.

Virtual Consultation
In-person Consultation

We Are Committed To Providing Quality Support To Our Clients

Schedule A Meeting With Mellin Robinson, P.C.

We can review the facts of your case and answer your questions during a complimentary consultation. Contact us to schedule an appointment with one of our experienced family law attorneys.

Virtual Consultation
In-person Consultation
Schedule A Consult
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