Property Division

Grand Rapids Property Division Lawyer

If you are in the midst of a divorce you are likely overwhelmed by the fact that you must disentangle your lives from one another. Dividing property can prove to be quite complicated without the assistance of an experienced attorney. You want to make certain that you will not be shortchanged in dividing your property. Our attorneys will work hard to protect your financial interests.

At Twohey Maggini, PLC, our lawyers have the experience and knowledge to handle your property and asset division with ease. Founded in 1954, our law firm has served the Grand Rapids community for more than 55 years. When it comes to your finances, it is imperative that you have experienced attorneys handling your funds so that your future is not compromised by a mere oversight.

Marital Property

In Michigan assets and property that were acquired during the course of a marriage are divided equitably. Generally that means 50/50 unless one of the parties participates in activities that alter that distribution.

One of the main concerns of individuals who are dividing property is the date of valuation. With the economic recession, the value of an asset can differ depending on when its’ value is assessed. Often a home is upside-down, or worth less than the parties owe on the mortgage. The valuation of that property can make an impact on the ultimate settlement. Our attorneys assist in these situations and will fight for your rights.

Handling Asset and Property Division

Our attorneys work with clients to divide the following according to the law:

1. Bank accounts
2. Pension accounts
3. Retirement accounts
4. 401(k)
5. Business valuation

We will draft qualified domestic relations orders (QDROs) to ensure that these accounts are properly divided. You can feel secure that an experienced attorney is handling your financial well-being.

Contact a Muskegon, MI, Asset Division Attorney