Dissolution of a Long-Term Marriage in Birmingham

Legal Guidance You Can Trust From Our Birmingham Divorce Attorneys

At Iafrate & Salassa, P.C., we provide professional legal guidance in sorting out complicated issues pertaining to money and property in divorces involving long-term marriages. Under the Michigan Revised Statutes, marital property is anything earned, acquired, or otherwise accumulated during marriage, and it is divided equitably, rather than evenly between spouses.

Depending on the situation, you may also be entitled to spousal support, or alimony. Factors the judge is likely to consider in regards to these issues include:

• The age of each party and the length of the marriage;
• Each one’s current income and earning potential;
• The existence of any health conditions that prevent them from working;
• Any career or educational sacrifices either made in terms of supporting the other or children of the marriage.

Our Birmingham divorce attorneys can work with you to assist you in getting a fair and reasonable settlement that allows you to maintain the standard of living you enjoyed during your marriage.

At Iafrate & Salassa, P.C., We Help Protect Your Rights During Divorce

Over the course of your years together, you and your spouse may have put away money in pension funds and a 401k in anticipation of spending your retirement together. At Iafrate & Salassa, P.C., our Birmingham divorce attorneys work to ensure you get your fair share of these funds.

The Internal Revenue Service (IRS) advises that a Qualified Domestic Relations Order is often required before a plan administrator will release your portion of a spouse’s pension or retirement benefits after a divorce. This order can be obtained from the judge in your case, and options for  payouts include:

• Taking an immediate lump sum settlement;
• Deferring benefits until you reach retirement age;
• Rolling funds over into your own retirement fund.

Before making any decisions on these matters or signing any agreements, call or contact Iafrate & Salassa, P.C. online and request a free consultation with our Birmingham divorce attorneys first. We can advise you on the best course of action in your divorce case, to help ensure you get what you are entitled to in your divorce settlement.