Getting a divorce is a difficult process. And you’re looking for your divorce to be uncontested, fair and equitable. You’ve made the decision you don’t want to fight. But, making the decision that you don’t want to fight should never equal walking away from an appropriate share of the marital estate
Perhaps through the divorce process your spouse is stating you’re not entitled to certain assets. Or it may be that you don’t feel you are entitled to certain assets. As examples, you feel if you ask for a portion of your spouse’s 401K, or for a portion of the equity in the house, you’re “taking them for everything their worth”.
The reality is that both you and your spouse built your marital estate while you were married. You each contributed to the marriage. And therefore, the marital estate should be divided fairly and equally between you and your spouse. And even though you may feel that asking for your fair share of the marital estate is too much, or makes you feel you are taking your spouse “for everything their worth”, it’s what is fair and equitable.
If you decide to walk away from obtaining what you’re entitled to you in your divorce, you may suffer buyer’s remorse in the future. And after the divorce is completed it’s too late to change your mind! Once the Judgment of Divorce has been signed, and you’re officially divorced, you will not be able to reopen your case for a review of the property distribution. It’s only in vary rare cases that a judge would entertain review of property distribution after the divorce is finalized. And assume your case is not one of those exceptions.
As both you and your spouse will need to re-build your financial future, you need to analyze what is best for you. Before you make financial decisions that you may regret, decisions that are final, and decisions that will impact your future, seek a consultation with an experienced family law attorney to discuss your options.
GRAND RAPIDS COLLABORATIVE DIVORCE ATTORNEY SERVING KENT, OTTAWA, AND ALLEGAN COUNTY.
Divorce can be emotional and messy, and it’s natural for anyone going through a divorce to want to protect their financial interests. Maintaining an objective view of the situation can be difficult when you are struggling with complex emotional issues and personal tensions in your divorce. As an experienced Michigan divorce lawyer, Schmitt Law, PLLC can help you maintain control over your property in divorce, and against taking on responsibility of debt that may not be marital. We will provide detailed guidance and support throughout every step of the process. The right attorney can increase the likelihood of you securing a favorable outcome to property and debt division in your divorce.
Laurie Schmitt of Schmitt Law, PLLC has years of experience representing clients in a wide range of difficult divorce cases. We understand the financial concerns our clients often have regarding their property ownership rights and the doubts they often experience when it comes to property division in divorce. If you are seeking a divorce, contact us today to schedule a consultation. Contact Schmitt Law, PLLC online or by calling (616) 608-4634 for a consultation today. Our office is located at 401 Hall Street SW, Suite 112D, Grand Rapids, MI 49503.
