Michigan divorce law update: The dangers of commingling property (assets).

Commingling assets and divorce in Michigan:  When dividing property in a divorce, a primary consideration is whether the property is ‘marital’ or ‘separate’.  As a general rule, property acquired by reason of the marriage or “during the course of the marriage” is marital and is likely subject to division in the event of divorce. Conversely,[…]

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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