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August 2017 Archives

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Federal retirement plans can be part of a divorce settlement

When federal government employees and retirees are going through a divorce, there is an additional financial asset to consider when looking at property division. A federal Thrift Savings Plan can be divided by court order at the end of a marriage as part of a divorce settlement.

Closing a joint bank account upon divorce

Michigan spouses whose marriages are coming to an end may be concerned with the big questions about property division, splitting assets and spousal and child support. However, there are also the day-to-day financial matters that come hand in hand with divorce that may need to be addressed. One of the most common assets that will need to be divided is a joint bank account.

Dividing car insurance important in divorce cases

Michigan couples who are ending their marriages must work to disentangle their finances from each other in the property division stage of their divorces. One thing that they should not overlook is separating themselves from their car insurance policies. There are several rules regarding this about which divorcing spouses should be aware.

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David R. Bruegel, P.C.

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