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No. Michigan divides marital property using the theory of "equitable distribution". Community property states attempt to distribute property as close to a 50-50 split as possible. Equitable distribution states divide property based on a determination of what's fair under the circumstances of each case.
Dec 22, 2021 · Michigan is an equitable division state. So the answer to “Is Michigan a community property state?” is no. This means that the marital assets and liabilities are divided equally between spouses in the event of divorce. The family law court will decide as to what is separate property and what is marital property.
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A final property division can usually be worked out with the help of a domestic relations mediator, who facilitates discussion and negotiations between the parties. Is Michigan a community property state? Contact Cordell & Cordell family law attorneys at 1-866-DADS-LAW to request a consultation!
May 23, 2018 · While nine states recognize the concept of community property, in which all marital property is considered equally owned, most states allow more flexibility in property division should the couple get a divorce. Dividing Marital Property in Michigan. Michigan law requires courts to determine a "fair" division of marital property.
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Jan 10, 2020 · Some states thus abide by community property laws, which means that a couple owns all assets accrued during their marriage equally. When it comes time to split those assets in a divorce, then, a court divides them equally between each party. Michigan is not a community property state. Instead, courts abide by equitable distribution laws. This ...
Aug 23, 2022 · Understanding divorce property division is an important element of any divorce. States divide marital property based on community property or equitable distribution laws. When property is ...
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Apr 17, 2024 · Property purchased in a community property state using funds earned in a state that is not a community property state is commonly excluded from the assets to be split 50/50. The opposite is also ...
