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1:02 What is everything means?
1:20 Example
Does [My Wife Automatically Get Half Of Everything] In Divorce - Michigan Law
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Everything acquired during marriage becomes part of marital assets. In a 50/50 equitable sharing, you get half of everything considered marital property. Does my wife automatically get half of everything? In Michigan, you’ll have to qualify what half means. Anything acquired or owned during marriage becomes part of everything we call marital assets. You may have a personal property worth 100 thousand you own before marriage but if it’s value increases by about 50 thousand during marriage, that 50 thousand difference becomes part of your marital asset. The same 50 thousand becomes part of the 50/50 equitable split.
For additional info, watch these videos:
How The Court Divides Assets During A Divorce in Michigan?
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How To Handle A Divorce With Assets in Michigan?
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