Tag: commingling assets

Gifted property and inherited property

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As a general proposition, gifted and inherited property are not divided on divorce. The first step a Michigan divorce attorney takes in analyzing property division in a divorce case is to classify the property as marital or separate property.  As a general proposition, property acquired by reason of the marriage or during the course of[…]

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

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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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