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Prenups: Pitfalls

Recent court decisions in Michigan have extremely limited the ability of couples contemplating marriage (and those who are already married) to decide how their property will be divided after marriage. Property division has been the cornerstone of pre-nuptial agreements. These agreements are essentially contracts that couples enter into, usually before marriage, that delineate how property should be divided if they divorce. Michigan is a community property state so any property that is acquired during the marriage is considered community property and is divided equally upon divorce. Separate property relates to property that was acquired before the marriage and traditionally was not subject to a divorce property settlement… Click HERE to read more!

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