Recent Blog Posts
Simple Steps to Protect Your Finances During a Michigan Divorce
The divorce process can be a tumultuous time for any person. Separating from a spouse to whom you were once happily married is never easy. In any divorce, there are a variety of complicated matters that will need to be resolved. Most notably, a person’s financial situation can drastically change post-divorce. In order to ensure that your divorce does not compromise your future financial security, it is important to know how to protect yourself. Below we will discuss a few simple steps you can take to ensure a level of financial security after your divorce is finalized.
Preparation Is Essential for Financial Security
When you are separating from your spouse, it can be difficult to think about money. The reality of the situation, however, is that you need to be thinking about what your financial future will look like once the divorce is finalized. Some steps you can take include:
How to Behave in Court During a Divorce or Family Law Case
Divorce can be a stressful time for almost everyone. Sometimes people act out irrationally due to the high stress and tense situations. However, those actions can have a huge impact on the outcome of your divorce if you are not careful. By working with an experienced attorney, you can be prepared to address the legal concerns in a divorce or family law case. Here are three tips for how you should prepare and behave during this crucial time:
- Dress Appropriately for Court: The court is a formal setting and first impressions matter. You want to dress in a clean, respectful way that showcases your responsibility and maturity. Wearing professional-looking clothing to court is your way of showing respect for the judge and the legal system. Besides wearing conservative clothing, make sure you are showered and look clean.
Comparing Divorce Rates From Around the World
Over the past four decades, divorce rates around the world have more than doubled. A recent study conducted by Cheng-Tong Lir Wang and Evan Schofer (sociologists at UC Irvine) compiled more than 40 years of data to look at how divorce rates have changed from a global perspective. Below, we will take a closer look at their results and identify trends. There are many factors for this growth in divorce. However, no matter what the factors are, it is important to find a reputable divorce lawyer.
Highest and Lowest Divorce Rates Around the World
The average rate of divorce amongst all of the nations and territories studied was 4.08 divorces for every 1,000 married people:
- The countries and territories with the highest divorce rate are Kazakhstan (19.01), Russia (11.49), Cuba (11.03), and Puerto Rico (9.43); and
How to Divide Cryptocurrency in a Michigan Divorce
Couples have been getting divorced for centuries, and while the process may be standard, societal changes can cause divorce attorneys to adjust their approach. One recent issue that may complicate the asset division process is dividing cryptocurrency. The concept of cryptocurrency can be confusing for most people because it is a relatively recent invention. However, if you do own a form of cryptocurrency, such as Bitcoin, and are going through a divorce, finding a qualified divorce attorney who understands how to divide cryptocurrency should be your first step.
What Is Cryptocurrency?
Cryptocurrency is a type of financial exchange that is conducted through the internet. It does not belong to a bank, so there are no fees needed to keep it in an account online. Cryptocurrency is governed by computer code, and its computer technology limits the number of virtual "coins" in circulation. When either spouse owns cryptocurrency in a divorce, it is treated as intangible property.
What Are the Benefits of Mediation in a Michigan Divorce?
When people think of divorce, they often imagine highly contested court battles between two parties looking to secure the majority of marital assets. In reality, many divorces can simply be amicable separations between two spouses that recognize that marriage is no longer healthy or functional. In these situations, alternative methods can be used to resolve the complicated matters surrounding the end of the marriage. Divorce mediation is one such method.
What Is Mediation?
Divorce mediation is a process in which two divorcing spouses work together with a neutral mediator to resolve the various issues that must be addressed during the divorce. Mediation can be used to resolve conflicts involving the division of marital assets and spousal support agreements. When children are involved in the divorce, the mediator should be experienced in helping parents come to a conclusion on what is best for their children. A mediator can help the couple reach workable, mutually beneficial agreements on issues such as child custody and child support.
Tips For Helping Your Children Adjust to a Visitation Schedule
When couples decide to file for divorce, it is usually in the best interest of both parties. However, the initial changes that inevitably result from divorce can be difficult. They affect yourself, your lifestyle, your partner, and any children you may have. Children can handle divorce in unpredictable ways since they lack the life experience and maturity to fully understand their parents’ decision. Every family must formulate a parenting plan that includes scheduled visitation. Like most areas of children's lives, their new schedule is out of their control, which can make it difficult for them to adjust. Here are some tips to help if your kids are struggling with the parenting plan transition.
Be Nice to the Other Parent
Financial Tips to Prepare for Divorce
Divorce is rarely a rash decision. It takes serious consideration from both sides and can have its fair share of consequences. As you begin taking the steps to file for divorce, it is important to be prepared. Divorce can be an expensive process and if you are not careful, it can cost you more than you expected. However, with proper financial planning and preparation, you can work toward a fair divorce that does not permanently damage your bank account.
Evaluate Your Finances
In many divorce cases, one spouse may not know how much money is contained in the couple's joint bank accounts. Regardless of gender, it is important to know what is in your bank accounts and have a general knowledge of your credit report. Look at each bank account’s balance before meeting with your attorney. At the same time, evaluate any debts that you and your spouse hold. Having a good understanding of your financial situation will give you an advantage when dividing assets.
3 Common Causes of Divorce
While marriages are usually intended to last forever, many do not make it that far. When a marriage ends in divorce, there are usually a variety of factors that led to its demise. Some couples grow apart; others realize their compatibility does not last an entire lifetime. Each couple may be unique, but studies have shown that many divorcing couples experience similar issues that lead to the breakdown of their marriage. These include:
1. Refusal to Work on Mental Health Issues
Many individuals suffer from mental health issues, yet some refuse to seek professional help. If one partner is dealing with a mental illness such as anxiety or depression, their actions not only affect themselves but their spouse and other family members as well. The other spouse may struggle to understand their partner’s struggles, especially if they do not appear to be taking active steps to improve. If one spouse refuses to seek professional help for a mental illness, the impact on their relationship can be detrimental and eventually lead to divorce.
3 Tips for Making the Most of Parenting Time After Divorce
Parenting is a job that never ends, even if you and your partner are no longer together. When you choose to get a divorce, you will likely need to create a joint custody arrangement, and both parents will typically have parenting time (sometimes referred to as visitation) with the children. Regardless of your child custody arrangements, it is important to provide a supportive and caring environment for your children--even if the divorce is not amicable. Adjusting to new parenting time arrangements can be difficult, but the following tips can help you and your child become accustomed to the changes.
1. Keep a Smile On
Parenting time should be a positive experience, especially for your children. Even if you and your ex do not get along, it is likely that you will still see them when picking up or dropping off children. During these times, it is important to avoid exposing your children to conflict. Refrain from arguing in front of the children or speaking negatively about your co-parent to them. If you have issues with your former spouse that you need to deal with, you should set up a different time and meeting place to discuss those issues when the children are not present.
Is the U.S. Divorce Rate Decreasing?
Entering marriage is always a risk. The divorce rate is rumored to be around 50%, and as much as people are excited about the idea of spending a lifetime together, such high divorce rates seem daunting. Whether you are considering marriage or not, there is a new divorce statistic that is different than the standard 50%. With recent research, it appears that the divorce rate in America is actually declining. According to 2013 data from the Centers for Disease Control and Prevention, the divorce rate is now closer to 40%.
Divorce Rates Dropping
Since the year 2000, fewer people have been getting married. The average number of marriages per 1,000 citizens used to be 8.2, but more recently, that number has declined to 6.2 marriages per 1,000 citizens. The conclusion that can be drawn from these numbers is obvious: fewer marriages mean fewer divorces. In 2016, there were 827,000 divorces among 258 million citizens. That number is dramatically lower than the 944,000 divorces (out of 233 million citizens) which occurred in 2000.