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Can a Professional Practice be Divided in Divorce?

Divorce is complicated—especially so for professionals who own their own practice. This raises an important question: Can a professional practice be split in a divorce in Michigan? The short answer is, "it depends on what you mean." Michigan law largely prevents courts from splitting a professional practice in half, but a professional practice may be deemed a marital asset that…

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Importance of a Prenup for High Net Worth Divorce

Prenuptial agreements are appropriate for any couple about to get married, but they are of particular importance for couples with a high net worth. Divorces that involve high net worths or a great amount of assets are incredibly complex. First separate property and marital property must be defined, and then it must be divided. All of this is extremely complex,…

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