Freeze Credit Card Spending When Going Through Divorce

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…

Divorce Day Marks New Beginning

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…

Watch for Signs of Asset-Hiding in Divorce

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…

Dividing Debt in Divorce as well as Assets

On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Friday, March 20, 2015. Negotiating a divorce settlement is never easy. For many Michigan residents, divorces involve property division, alimony decisions and child support agreements, all of which can be contentious topics. A few steps may help divorcing individuals to successfully navigate the divorce process and safeguard themselves against money problems following the divorce. Dividing Debt in Divorce Property division is not limited to real estate, but includes all of a couple’s assets. Marital assets often include retirement plans, homes, car and savings accounts. In addition to dividing assets, couples must also Continue Reading…