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The Divorce Attorney Journal

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Divorce F.A.Q. videos

9 yearsago
Download the Initial Divorce Interview form Divorce is never easy, no matter how amicable a couple’s situation may be. Oftentimes, the most difficult part of a divorce is deciding when to file, particularly if children are involved. Working with the right Michigan attorney to ease the...
9 yearsago
One of the most common questions in the divorce process is, “How long is this going to take?” For couples who are filing a DM divorce – in other words, a divorce that involves children – they can expect the process to last a minimum...

Divorce Attorney Journal

cannot use same michigan divorce lawyer femminineo attorneys
6 daysago
You may think that sharing a divorce lawyer with your ex will save you both money and simplify and expedite the process. A nice thought, in theory, especially if you are both looking forward to a speedy divorce and believe you can put your differences...
3 weeksago
Nostalgia can be a beast, especially in the wake of a divorce. No matter how much you wanted your split from your spouse and couldn’t wait to be finished with your marriage, there will come moments when you’ll remember the good things about your former...
October 15, 2018
5 monthsago

Michigan divorce financial benefitsDivorce is painful, difficult, and sometimes it can be very expensive. Household income is reduced, debt is split, investments go up in smoke. You can, however, always find a bright side to your Michigan divorce and your finances are one place where this unexpected discovery may just happen.

Your Money, Your Decisions

When you share a bank account with one person, you must agree about how money is spent and saved. If you fought over money regularly in your marriage, that struggle disappears with divorce. Sure, there are things like spousal support and child support to consider, but only one party is responsible for those.

You have the chance to budget the way you want, splurge where you want, and save as much as you need. You control your money and no one else gets a vote. Talk about freedom.

Prioritize Finances for a Better Life

Was your family living beyond its means? Were you stretched every month because of your mortgage and lifestyle? Were you overcompensating for a bad marriage by splurging on treats for the kids or yourself? Divorce makes people take stock of what they really want and need in life and prioritize accordingly. Unloading the big house and all the expenses that come with it and getting rid of the pricey SUV and replacing it with a lower car payment can save you money.

Divorce might force you to make difficult financial decisions, but it also gives you the opportunity to realize that living smaller may be just right for you after all.

Retirement Right Now

When you reach a qualified domestic relations agreement as part of your Michigan divorce, you can take an early withdrawal of funds from a retirement account without paying a penalty. People under the age of 59.5 typically are charged a 10 percent penalty for accessing retirement funds early, but not divorcing couples. Income tax will still need to be paid if you don’t roll the money into an IRA and instead use it to, say, pay for your divorce or set yourself up with some fresh savings and needed cash flow.

Dealing with retirement money is a tricky part of divorce – how it’s split, whether you should split it, and what should happen to the money. Always consult with a financial planner with the help of your divorce attorney or on your own.

College Financial Aid Boost

Anyone with children has considered how they will pay for college when the time comes. A big financial perk of divorce is how kindly the Free Application for Federal Student Aid (FAFSA) looks at divorced parents. Only the financial information from the custodial parent is required by FAFSA. While child support and alimony are counted as income, one parent is more likely to have a minimized income, which makes you more likely to get more financial aid for your child that wouldn’t have happened by reporting your income as a married couple.

Get the best help and most help for your Michigan divorce. At Femminineo Attorneys in Macomb, we understand the financial challenges you will encounter along the way and do all we can to ease your burden. Contact us today to schedule your free consultation and ask your questions about divorce and money and everything in between.

What makes us the right divorce attorneys for you?

  • Family Law Expertise

    Most lawyers are in a general practice and do some of everything. One of our main focuses is on Family law and being expert at divorce, custody and support matters.

  • Strong Relationships

    We are in court daily, working with the family court judges, their staff and clerks, the Friend of the Court office, the Bar Association and other attorneys working in this area. We pride ourselves on fighting hard for our clients while working well with everyone.

  • Experience

    Our extensive experience and strong relationship with the courts and our peers leads many judges and attorneys to hire us to act as Mediators in other Family Law cases. Make no mistake; having a strong working relationship with the court can have a massive impact on your case. Unlike most attorneys, we have no fear of the court room and are in trial regularly against the best in the business. We see the judges every week and maintain strong ties with their staff.

  • We Care

    Although every attorney can “handle” your case, Femminineo Attorneys cares about you and your family. We work extremely hard to keep this difficult process civil and to shelter your children from as much of the negative facets as possible.

  • Commitment

    Once your case is concluded, we will be there to help you with any post-judgment problems that may arise.

  • Flexibility

    Everyone’s financial situation is different and we work with our clients to formulate a fee arrangement that works within your means.

  • Effectiveness

    We have handled every possible situation involving domestic law. We will do everything possible to wrap up your case in a timely manner, avoiding delays that cause unnecessary legal fees.

  • Tenacity

    When your case cannot be easily solved, we will fight hard and use all of our resources to win. Unlike most attorneys, we have no fear of the court room and we regularly win cases against the best in the business at trial.

  • Expert Staff

    Unlike many attorneys who have a part-time typist and work 30 hours a week, we have an expert staff available all day long to assist you and provide immediate service. We are available to our clients 24 hours a day through our hot line at 586-854-3654.

  • Personal Service

    At Femminineo Attorneys, your case will be handled by an experienced family law attorney. Each of our attorneys in our family law division has many years of experience in handling family law matters.

We encourage you to see these differences for yourself and call today to speak with one of our partners or schedule a free consultation at our office.

During traditional business hours, please call us at:

(586) 954-9500

After hours and weekends, we are still available for you to speak to an attorney via our 24 Hour messaging center:

(586) 854 3654

Michigan Divorce Attorney

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The information presented within this website is for general information purposes and is NOT and should not be considered as being “legal advice”. You should not act on any information presented herein without the verifying same with your attorney.

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