CHANGING PENSION OR LIFE INSURANCE BENEFICIARY AFTER DIVORCE. A JUDGMENT OF DIVORCE MAY NOT BE ENOUGH!

Changing pension or life insurance beneficiaries after divorce. A Judgment of Divorce may not be enough! In almost every Judgment of Divorce, the parties either award or waive an interest in the former spouses’ pension plan(s) or life insurance plan(s). However, if the benefit is governed by ERISA, a waiver in a Judgment of Divorce[…]

Why Kim Kardashian does not have to give back her engagement ring.

Married for 72 days? Keep the ring! Etiquette books may say if a marriage has lasted less than a year, then an engagement ring should be returned. Michigan law, is not politically correct on this issue. If the Kim Kardashian divorce was filed in Michigan, she would get to keep the ring. Under Michigan law,[…]

What’s yours is both of yours? Maybe! The dangers of commingling assets.

The Michigan Court of Appeals has recently changed the rules regarding commingling of assets. Lawyers must advise their clients accordingly and clients should seek competent legal advice before commingling assets with his/her spouse. When dividing property in a divorce, a primary consideration is whether the property is ‘marital’ or ‘separate’. Generally, property acquired during the[…]

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