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Many people assume marital assets are always divided exactly down the middle, but Michigan law focuses on achieving a fair and equitable result based on the unique facts of your marriage. Attorney Akiva Goldman explains that while 50/50 is often the starting point, the court has the discretion to adjust percentages to ensure true fairness for both parties.
• Equity Does Not Mean Equality: Michigan law prioritizes a fair distribution (equity) over a strictly equal split, which may result in an unequal percentage if the circumstances justify it. • Defining the Marital Estate: Only assets considered part of the marital estate are typically divided, while premarital property may be protected and kept separate. • Valuation Controversies: Determining the fair market value of major assets, like the family home, is a critical step that must be resolved before any division can occur. • Length of Marriage Factors: While long-term marriages often see equal splits, short-term marriages are analyzed based on the specific accumulation of wealth during that brief period. • Fact-Driven Outcomes: There is no "cookie-cutter" approach in Michigan; the specific history, contributions, and facts of your marriage drive the final legal analysis.
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