Property Division Attorney In Ann Arbor
Property division is always a challenging part of divorce, and even those seeking an amicable divorce can find themselves in a protracted legal battle. The key problem for property division is that both sides have their own idea about what they “deserve.” And that only gets more complex as assets become more valuable.
At Reed Law Group, P.C., attorney Steven Reed has 33 years of experience in all aspects of family law for his clients in Ann Arbor. As a property division attorney, he’s completed extremely complex negotiations and courtroom disputes over such business valuations and real estate. He brings insight and confidence to all of his clients’ cases.
Items To Consider When Dividing Your Property
In property division, the state of Michigan divides things on an equitable basis, and that means that not every marital estate gets divided equally. They look at many factors, from the length of the marriage to the health of both sides, to make a decision.
To get the optimal outcome, you need to set a goal. In your discussions with attorney Reed, he’ll work to find out what you want from your property division. Once you understand your goals, in terms of asset and debt division, he’ll be able to build a strategic focus to reach those goals.
Mitigate Business Valuation Consequences In Your Divorce
The division of the marital estate and marital property can have lifelong consequences for a party in a divorce. There can be important tax consequences from your division of property. Proper valuation of assets (e.g., real estate, family businesses, collectibles, etc.) and the actual division of the property need to be done carefully.
Having The Right Advocate On Your Side
It is important to retain a legal counsel who is familiar with issues in property divisions and valuations. Also important is that your advocate is someone recognized and respected by the court. When there is a wide variety of assets (e.g., family businesses, mutual funds, 401(k) plans, IRAs, pensions, real estate, investments, etc.), dividing the estate can become complicated. Unfair results can be the outcome if you don’t have an experienced legal team.
Reed Law Group, P.C., Is Here For You
If you need an attorney who will help you answer the complicated questions during a divorce and be your dedicated advocate, call attorney Reed at 734-430-8001 or send him an email today. He will help you make the decisions that can affect the rest of your life.