There has been a dramatic change in social security law that will affect spousal benefits and therefore, must be considered by parties facing divorce. The new rules went into effect (with virtually no warning to the public) on November 15, 2015. Historically, ex-spouses could each independently decide when to file for social security benefits based […]
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DO-IT-YOURSELF DIVORCE: IS IT EVER A GOOD IDEA?
It is not uncommon for me to receive phone calls or emails from people inquiring whether they really “need” an attorney for their divorce. They don’t own much and they agree about everything. Often a brief conversation reveals that there are property issues they do not know how to handle or children involved with various […]
PRE-NUPTIAL AGREEMENTS & GAY MARRIAGE – A NEW TWIST
It is indeed an exciting time to be practicing family law – there are changes in the wind, and today, I would like to remark on one of them that I see coming – prenuptial agreements and gay married couples. Once upon a time prenuptial agreements (prenups) were the sole province of the rich and […]
Retirement Savings and Divorce
You’ve worked hard your entire adult life and have diligently saved money for retirement. It’s a good nest egg and a good start to a great retirement. Along comes a divorce. My retirement is safe from division because I worked and earned that money, right? That money’s mine, right? Wrong! In Michigan, your retirement […]
401k, court, division of retirement assets, divorce, employer, equity, ex-spouse, marital home, plan administrator, QDRO, Qualified Domestic Relations Order, retirement, retirement accounts, work