With more than 30 years’ experience handling Michigan divorce cases, sometimes we think we’ve seen it all—the division of houses, cars, and the obvious big-ticket items. However, what often catches our clients off guard are the easily overlooked assets in a divorce. Here, we’ll explore some of these hidden treasures and why they matter in…
Divorce or separation is stressful, but so are income taxes. You may not have even thought about the tax implications of a divorce, but they certainly exist. While we at The Kronzek Firm are not tax attorneys, we know that taxes can have a big impact on the lives of our clients in Michigan. Our…
A divorce in Michigan requires an equitable division of assets, but sometimes a soon-to-be ex-spouse will try to hide assets so less money can be considered in the dividing of assets. Michigan law says that an equitable division of the marital assets may not mean an equal division of assets. Assets obtained during a marriage…
Welcome back and thanks for joining us here at The Kronzek Firm in our Oakland County office, in Farmington Hills, Michigan. We’ve been discussing the issue of credit card debt and how the court divides it up when a couple gets divorced. As we talked about in the previous article, if it counts as marital…
Credit card debt can be a killer. And for many of us here in Oakland County families, who are already paying off mortgages, cars, and student loans, credit cards can be a real financial burden. So it comes as no surprise that divorcing couples want to make sure that they aren’t stuck paying off any…
Welcome back and thanks again for joining us here at The Kronzek Firm in Oakland County, Michigan. We’ve been discussing the issue of how a divorce can wreak havoc with your finances if you’re not careful, and how to avoid having your divorce trash your credit. As we mentioned in the previous article, your first…
Everyone knows divorces cost money. Whether it’s the lawyer’s fees and court costs, or the simple fact that your family is going from two incomes to one (or one income to half an income!), the effects can be rough! But while the split is likely to leave you feeling like you need to pinch pennies,…
Welcome back and thanks for joining us here at The Kronzek Firm’s office in Farmington Hills. We’ve been talking about Qualified Domestic Relations Orders (called QDROs for short) here in Oakland County, and how that could affect your divorce. As we mentioned in the previous article, QDROs are important because when you get divorced, your…
Some of you are probably scratching your heads and wondering what a Qualified Domestic Relations Order is (called a QDRO for short!). And who could blame you? It’s certainly not something the average person deals with on the average day. So what is it and why does it matter if you’re getting divorced in Oakland…
