Those who are planning on getting married in Michigan and elsewhere will ideally have a financial talk prior to doing so. This can help them identify and potentially rectify monetary problems before they negatively impact a marriage. It can also ensure that both...
One thing that parents in Michigan should keep in mind as they are negotiating child custody agreements is how their custody arrangement will affect taxes. One of the issues is who will be as head of household. This may be more complex than it initially appears. The...
It's well known that money can be a major source of marital problems for couples in Michigan. Financial stresses and differences over spending and saving practices can lead to serious arguments and even divorce. A survey of 2,000 adults by SunTrust Bank indicated that...
Divorce is on the rise among older Americans in Grand Rapids and across the country. While the rate of divorce for younger Americans and the population, on the whole, has been on the decline or remained steady, the opposite has held true for people age 50 and up. In...
In many Michigan child support cases, parentage may need to be established either because it is in doubt or because the father contests paternity. Maternity is typically established via the mother's giving birth to the child. The child support and paternity rules vary...
Many Michigan millennials are struggling under the burden of student loan debt. Overall, only 22 percent of people of their generation are free of debt, and student loans are a major factor in that statistic. Student loan borrowers owe an average of $34,144, and that...
The Tax Cuts and Jobs Act of 2017 may change the divorce landscape for some couples in Michigan whose divorces are finalized after the end of 2018. The law sunsets in 2025, so it may not last, but in the meantime, couples should be aware of the changes. One of the...
When people in Michigan decide to divorce, it can be particularly important for them to take action after the divorce to ensure that their life insurance policies and other important accounts are appropriately updated. Some people deal with matters like life insurance...
Michigan residents who plan to get a divorce should know that due to the passage of the Tax Cuts and Jobs Act, they will not be able to deduct any alimony they have to pay to comply with separation of divorce agreements that become effective in 2019 and later. For the...
Many financial decisions will confront couples in Michigan who choose to end their marriages. Although people have long recognized the appropriateness of legal advice when seeking divorces, consultations with financial planners have become increasingly common,...