ADR options may help navigate the emotional terrain of divorce

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Tuesday, July 26, 2016. Divorce and marriage may lie on opposite sides of the spectrum, yet recent innovative approaches are lessening that divide. Specifically, alternate dispute resolution options like collaborative divorce or mediation are attempting to minimize the cost and potential upset […]

Consider the value of liquid assets in divorce property divisions

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Tuesday, August 2, 2016. A divorce may require a significant readjustment in an individual’s long-term financial planning. For example, a decision to accept an illiquid asset, like the family home, over cash or securities may be unwise if a divorcing individual is […]

An amicable approach to divorce can spare your heart and wallet

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Tuesday, September 6, 2016. Is the divorce process incompatible with amicable or alternative dispute resolutions? Our family law firm doesn’t believe the two principles are mutually exclusive. In fact, our lawyers take pride in working to preserve family relationships. When children are […]

Has alimony become obsolete in two-income households?

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Tuesday, September 27, 2016. According to recent data, the wage gap has narrowed dramatically since 1970. Women used to earn only 52% of their husbands’ income. The average has risen to 78 percent today. Women may also have higher incomes than their […]

Equitable factors guide child support, alimony calculations

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Wednesday, October 19, 2016. A divorce involving minor children requires attention to several details. Courts in Michigan strive to divide assets and assign support obligations in a way that is fair. Notably, equitable distribution does not mean an exact 50-50- split of […]

Is collaborative divorce right for you?

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Monday, October 24, 2016. Collaborative divorce is a popular new option for divorcing couples in Michigan and across the country. Although litigation alternatives like arbitration or mediation are also still available, collaborative divorce offers several advantages. As a preliminary matter, collaborative divorce […]

Learning from those who have divorced before

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Wednesday, October 26, 2016. Virtually everyone who has negotiated divorce has been offered unsolicited advice at some point. Sometimes this advice proves to be valuable, while at other times it can be frustrating, unwelcome and even degrading. However, it is an undeniable […]

QDROs: a valuable tool for dividing retirement plans in divorce

\On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Tuesday, November 1, 2016. Intangible assets, like retirement accounts, may be easier to overlook in a divorce than real property or other tangible property items. Yet by one commentator’s estimate, they constitute the second largest asset category in divorces, after real estate. […]

Divorce tip: Analyze the tax consequences of property division

On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Tuesday, November 22, 2016. Property division is one area where our divorce clients often need particular guidance. There are several reasons for this. Since Michigan is an equitable distribution state, assets in the marital estate need only to be divided fairly, rather […]