Tag Archives: assets

selling marital home

Advantages to Selling the Marital Home Before Divorce

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Michigan Attorney Kathryn Wayne-Spindler recently participated in the Institute of Continuing Legal Education Family Law Seminar where Elizabeth K. Bransdorfer of Mika Meyes PLC in Grand Rapids presented the session, “Selling the Marital Home During the Divorce Case.” When divorcing, there are a couple of typical scenarios regarding the marital home. One party continues to live in the family home. One of the spouses may “buy-out” the other spouse’s half of the family home. This can be in the form of trade-offs for other property, assets, income or a smaller share of the joint debts. In some cases, the parties Continue Reading…

low cost divorce

Low Cost Divorce on a Budget

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Save big bucks by keeping it civil There are entire sections of bookstores devoted to weddings on a budget. The advice ranges from baking your own cake to borrowing a dress. Everybody knows that modern American weddings are not cheap. “Couples that live in Milford, MI Zip Code 48381 spend between $23,045 and $38,408 on average for their wedding,” according to Cost of Wedding website. That said, not everyone has that kind of money for a ceremony and reception so brides and grooms are getting creative about making it happen with limited funds. It only stands to reason then, that many of Continue Reading…

silver separation

Four Advantages of Silver Separation

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The term Silver Divorce has been tossed around for years but not much is said about Silver Separation. There are many sources for the label. Some say it’s for the color of the participants’ hair, reaching their Silver Anniversary (25 years) or the large amount of “silver” (read assets) involved in the dissolution of the marriage. But there may be an alternative to divorce for older couples. Experienced Howell Divorce Attorney Kathryn Wayne-Spindler explores some good reasons that a Silver Couple might choose Legal Separation over Divorce. Silver Separation may have advantages During a Legal Separation proceeding, the couple negotiates Continue Reading…

do prenups work

Celebrity Divorce: Do Prenups Work?

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People are watching the spectacle of Food Network star Bobby Flay’s current divorce from Law and Order SVU actress Stephanie March not only for scintillating gossip but for news of the contested prenuptial agreement as well. Their public argument calls into question the viability of prenup agreements in the fast changing world of high-profile marriage and divorce. It leaves a lot of people wondering, do prenups work? Do Prenups Work? South Lyon Family Law Attorney Kathryn Wayne-Spindler says yes. (If they’re written properly.) “As a third-time husband, Flay had cleverly insisted on a prenup with alimony of $5,000 a month Continue Reading…

Freeze Credit Card Spending When Going Through Divorce

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On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Friday, September 12, 2014. When people are preparing for divorce in Michigan, their minds are often consumed with major issues such as asset and property division. A couple might have disputes about who should keep the family home, for example. However, in addition to focusing on property division, a few other areas are important to remember during the divorce process as well. First, an often overlooked aspect of divorce is the need to budget for it. Liquid funds may be needed to pay for separate living arrangements and daily expenses. In fact, Continue Reading…

Perform Asset Inventory Before Divorce

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On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Thursday, October 23, 2014. Knowing where to begin during a divorce can be confusing in Michigan, especially when one feels discombobulated at the thought of leaving a marriage in the first place. However, taking the right steps from the start can help a person’s divorce process to move in a personally favorable direction as far as the division of assets and property is concerned. Some tips can help people to protect themselves financially when dissolving their marriage. First, it is wise to document all items in the family home. This includes taking video Continue Reading…

Divorce Day Marks New Beginning

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On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Monday, January 5, 2015. The holidays, including New Year’s Day, is often viewed as a period to enjoy time with family. For some people, the new year signifies the beginning of a new chapter in life — getting a divorce. The day after New Year’s Day is one of the most likely days for people in Michigan and other parts of the United States to begin the process of dissolving their marriages, which involves determining how assets and property will be divided. When planning for a divorce, it is essential to Continue Reading…

Avoid Problems by Understanding Divorce Property Division

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On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Thursday, January 15, 2015. People at the beginning of the new year may be eager to finally call it quits in their marriages and file for divorce. Although getting a divorce may feel empowering for someone who has been in an unhappy marriage, the complexities of the process can quickly weaken the person’s confidence. However, a few tips can help a divorcing individual in Michigan to feel more in control during a divorce proceeding involving matters such as divorce property division. People often rush to get divorced without fully understanding the Continue Reading…

Watch for Signs of Asset-Hiding in Divorce

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On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Thursday, January 22, 2015. One of the toughest parts of divorce, besides the emotional duress it can cause, is the financial hardship that may result. It is mandatory for both parties during a divorce to disclose their complete financial pictures, but people who are bitter toward their soon-to-be exes may be tempted to deprive the other spouse of any financial gains to which they are legally entitled. It is best to be on the lookout for asset-hiding in divorce so that your attorney can help you locate hidden funds. Here are Continue Reading…

Advice for avoiding common divorce pitfalls

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On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Thursday, February 5, 2015. Whether a person is the one filing for divorce or receiving the divorce papers, the thought of going through the divorce process can naturally be intimidating. This is particularly true for couples that have differing views on how their marital assets should be split. A couple of tips may help divorcing individuals in Michigan to be as prepared for a divorce proceeding as possible. First step in avoiding common divorce pitfalls is, it is wise to avoid making divorce settlement-related decisions based on emotion. Sometimes, people choose not to Continue Reading…