Today, we’ll discuss the tax implications of child custody. There are two different types of custody in Michigan, physical and legal custody. This distinction is important when filing your taxes and claiming a child tax credit. The custodial parent can choose to release their claim to the child’s dependency exemption to the non-custodial parent by signing IRS Form 8332, “Release/ Source ..read more

Knowing the criteria can help you establish a valid agreement and help protect your finances and assets in the event of a divorce in Michigan. We’ll explore both prenuptial and postnuptial agreements in this article, as well as help you determine if you need one and explain some common situations in which they can be helpful. A prenuptial agreement, or “prenup,” is a legal contract entered into by... Source ..read more

If you own multiple homes, such as your primary residence and a vacation home, you may still be able to keep both when you file for Chapter 7 bankruptcy in Michigan. However, if you own two or more houses, you will need expert guidance when filing for bankruptcy in Michigan. Under Chapter 7 bankruptcy, your primary residence is considered a homestead. As a homeowner, as long as you have $40... Source ..read more

Michigan residents are currently struggling with debt. From credit cards, mortgages, student loans and other loans, nearly everyone has a significant amount of debt. That being said, your divorce lawyer should be able to help you navigate and understand how your current amount of debt will be allocated in your divorce case. Debts are handled in much the same way as property when you are getting... Source ..read more

Chapter 7 bankruptcy can be a daunting experience, one that requires careful consideration and expert guidance. Navigating the complexities of bankruptcy law is not something you want to do alone, which is why selecting the right bankruptcy attorney is crucial. Before diving into how to choose a bankruptcy attorney, it’s essential to understand their role. A bankruptcy attorney will: Evaluate Your... Source ..read more

As a parent, you will always fight for your rights during a child custody hearing. You will have logical arguments, and if you’ve hired a child custody attorney, you’ll have legal arguments to back them up. But what are some things you should NOT say throughout the child custody process? While it might be tempting to make defamatory statements about your child’s other parent, it is not advisable... Source ..read more

In many cases, when one or both spouses have been unfaithful, and the other spouse finds out, they file for divorce. Because it is such a painful experience to have a spouse betray your trust, there is usually a tremendous amount of anger involved. This can lead to a vindictive mindset, and often leads to wanting to inflict pain through the divorce process. When clients hear the term “no-fault... Source ..read more

We could have simply stopped this article after answering the question, but that wouldn’t have been much help. Understanding the length of time a personal bankruptcy stays on your credit report can be helpful. Knowing ways to improve your credit score post bankruptcy is even more beneficial. Chapter 7 bankruptcy is a legal process that helps you erase debt and get a clean slate financially. Source ..read more

When courts are determining the amount of child support one spouse needs to pay the other, several factors are included in the child support formula calculation. Childcare costs are one of those factors, as a single parent would be much more in need of daycare and other resources to maintain a job. Children often outgrow the need for daycare and nannies. So exactly how does the court consider this... Source ..read more

Typically, arguments between spouses happen in private conversations where no one else is there to bear witness. The old adage of being a “fly on the wall” comes to mind. In today’s day and age, there are a proliferation of recordings on social media of people behaving in less than savory ways in public, and sometimes in private. Let’s explore this topic in more detail. The real answer is... Source ..read more