Advantages to Selling the Marital Home Before Divorce

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…

10 years: Divorce Statute of Limitations

10 years. That’s how long Michigan courts allow ex-spouses to execute the terms of a Judgment of Divorce. The Divorce Statute of Limitations applies to: Completing a Qualified Domestic Relations Order for division of future pension or retirement funds Signing over a Quit Claim Deed Enforcing an order to refinance or sell the home and split the proceeds Specific other terms negotiated in the division of assets “This is a crucial topic,” says Washtenaw County Divorce Attorney Kathryn Wayne-Spindler. “There is a limited time to execute the terms of the divorce. Once the 10 years are up, unless you and Continue Reading…

Four Advantages of Silver Separation

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…

Avoid Problems by Understanding Divorce Property Division

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

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…

Keep Retirement in Mind when Dividing Marital Assets

On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Friday, January 30, 2015. The financial aspect of a divorce is often one of the most stressful parts of dissolving a marriage. Unfortunately, dealing with the splitting of marital assets and property can be so overwhelming that people end up making decisions that may impact them negatively in the long run. A few tips can help people to be proactive about their finances when going through a divorce in Michigan. First, it is wise to approach the division of assets with one’s retirement in mind. It generally is a good idea to roll Continue Reading…

Assets Divided in a Divorce Impact Financial Future

On behalf of Kathryn Wayne-Spindler & Associates, PC posted in Property Division on Thursday, April 23, 2015. One of the hardest parts of going through divorce is going to battle with a soon-to-be ex over how assets divided in a divorce impact both parties’ financial futures. Not only may these assets carry sentimental value, but they may also have monetary value that can impact both individuals’ financial futures in Michigan. A couple of tips may help people dealing with asset division to make wise decisions that will benefit them long-term. Not all assets are equal. When determining how to divide marital assets based on their Continue Reading…