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08/ 11
Dividing stock options, bonuses, and deferred compensation is anything but simple. If you or your spouse has these types of assets, here is what you need to know before your divorce is finalized: Vested vs. unvested assets determine what is divisible right now and what depends on future events Valuation timing affects how much an asset is actually worth at…
07/ 06
Feeling stuck with a judge you don't trust can make an already painful family law case feel even harder. When your children, your finances, and your future are on the line, you want to believe the person making decisions is fair. So what can you actually do if you sense bias or a conflict? There is a process that allows…
06/ 21
A divorce involving a business or professional practice adds a significant layer of financial detail to property division. If you are wondering how courts place a monetary value on these assets, the process generally involves a few specific steps. In a Michigan divorce, courts and financial professionals value businesses by: Applying standard valuation approaches, such as the income or market…
05/ 19
Divorce can bring a seemingly insurmountable wave of emotional and logistical challenges. Amid the stress of asset division and relational changes, financial uncertainty often becomes another heavy burden. Many individuals worry about how ending their marriage will impact their financial independence and creditworthiness. To effectively protect your credit score during a divorce, you should take proactive steps to separate your…
04/ 12
The mere thought of disagreeing over custody arrangements for your child can bring up intense feelings of anxiety and uncertainty. Yet, disagreements have now brought you and your co-parent to the cusp of a mediation session. As you approach this challenging process, it's understandable that you may feel overwhelmed and unsure of how to move forward. You naturally want the…
03/ 16
If one spouse seems not to be playing fair with finances during a divorce, the fear that money is being funneled away can add a layer of anxiety to an already stressful situation. At Iafrate & Salassa, P.C., we understand that securing your financial future during divorce is critical. Our attorneys have nearly 50 years of combined experience helping Michigan…
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