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St. Clair Shores Complex Property Division Lawyer

St. Clair Shores Complex Property Division Lawyer

Michigan law requires fairness in distribution marital property in divorce, but there’s no one magic formula for determining an equitable division. It’s rare that each spouse will receive 50 percent of the estate assets, especially when there are complex assets involved. Ownership of a company, retirement benefits, investment account proceeds, insurance policies are more challenging than splitting cash, vehicles, or the house. Your interests are threatened unless you have an experienced St. Clair Shores lawyer to rely upon for advice.

At the law firm of Iafrate & Salassa, P.C., our attorneys have the skills you can trust to fight for your rights in a complex property division divorce matter. A proper distribution under the Michigan statute requires a detailed investigation into the holdings of each spouse to determine the marital estate. Then, it’s necessary to apply complicated formulate to assess a value of the assets. We have the meticulous attention to detail and legal background to make sure you get your fair share.

Fighting for Your Rights in a Tough Divorce Matter

Michigan law incorporates different factors and formulas when making a determination on asset division, including findings on real estate and personal property. There are numerous legal considerations and the decision is dependent upon the judge’s discretion. In complex property division cases, there are three main areas of inquiry:

  • Complicated Ownership Structures: It’s not difficult to divide cash or bank account proceeds, but property titled in trusts or other legal entities present challenges.
  • High Value Assets: The higher the value of real or personal property, the greater the financial stakes. There is typically increased potential for protracted legal disputes, especially when there are interests in a business.
  • Misconduct Abounds: With some assets, there is an increased potential for fraud in executing transfer documents. In particularly egregious cases, a spouse may be tempted to conceal assets from the other spouse and the court. When assets are hidden, it’s not possible for a court to make an equitable determination on property division or alimony.

The attorneys at Iafrate & Salassa, P.C. tackle the toughest complex property division cases, and are adept at explaining convoluted legal concepts in terms you can understand. We’re better able to serve our clients’ needs when they have the information they need to make informed, educated decisions. We’ll be at the table when negotiating a settlement with your spouse in complex property division cases, and by your side in court.

Complex Property Division Cases Require an Experienced a Michigan Divorce Lawyer

The Iafrate & Salassa, P.C. legal team has more than 50 years of combined experience representing clients in the greater Metro Detroit area, including complex property division divorce cases. Our attorneys have an in-depth understanding of state law, so we’ll protect your rights when dividing assets. Please contact our St. Clair Shores office today at (586) 263-1600 or via E-mail. We can answer your divorce-related questions or set up a consultation to discuss the details of your case.

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