Protecting Your Interests During Property Division
If you need a lawyer with experience handling high net worth divorce, you can count on Faupel, Fraser & Fessler. In addition to our experience in family law, we have knowledge in corporate, tax and securities law. When necessary, we will work with financial experts as well to provide accurate valuations and testimony.
When the financial stakes are high, you need a divorce attorney who understands the complex business issues involved. We have extensive experience handling sophisticated assets, business valuation and investments. Please call our Ann Arbor office at 734-418-0958.
Division of Property and Marital Assets
Marital property includes items such as homes, vehicles and artwork, as well as non-tangible assets: lawsuits, copyrights, disability benefits or personal injury settlements. Debt distribution, including mortgages, taxes and credit cards, is also part of the property division process.
There are three stages of dividing marital assets.
- First we must inventory all assets and debts in the estate. You want an experienced attorney to help you separate marital and non-marital property.
- Next is the valuation of property and assets. When complex financial holdings such as businesses, stock options or sophisticated retirement plans are involved, your attorney must understand business law and other financial matters. We may use forensic accountants, appraisers and investigators to be sure we have found all assets and accurately valued them.
- Finally, the court distributes the marital property. Michigan is an equitable distribution state, but that does not always mean property will be divided 50-50. Issues from the divorce factor into the equation.
As your attorney, we will work to protect your financial assets during this process. We also represent unmarried cohabiting couples and same-sex couples. In these cases, property division is more difficult, so you need a knowledgeable lawyer on your side.
To make an appointment, please call 734-418-0958 or send us an e-mail.
