David R. Bruegel, P.C.David R. Bruegel, P.C. brandDavid R. Bruegel, P.C.
Call Us Today
Local : 517-833-4196
Our Practice Areas

High Net Worth Divorce Archives

We All Need A Champion

Startups can bring their own challenges during divorce

Divorce is always a challenging time on emotional and practical levels for spouses in Michigan going through the end of a marriage, especially if the relationship has been long or if the couple has children. While the disentanglement of personal lives can be deeply challenging, the issues that accompany divorce can be particularly troubling when it comes to handling the financial aspects of a split. This is especially true when the divorcing couple has significant assets and advanced, high-earning careers, complicating property division.

When happily ever after does not extend to business

Divorce is something that most Michigan couples wish they will never have to deal with, particularly those that have embarked on a business venture together. Many successful businesses are operated by married couples; however, issues related to marital property laws will certainly come into play when spouses start thinking about dissolution of marriage as a personal option. The clean break associated with divorce will not necessarily apply to a business owned or managed by a husband-and-wife team; for this reason, mediation is highly recommended in these situations.

How to divide artwork in a divorce

In many divorce cases in Michigan and elsewhere, a home is the most valuable asset a couple possesses. However, depending on the net worth of the individuals involved in the divorce, an art collection may actually be worth more than their home. One collection was estimated to be worth $1 billion, and such high valuations may become more common as the price of art has gone up in recent years.

Divorce and credit

When couples in Michigan divorce, both spouses have to adjust to their new lives as single adults. Financial issues can be of particular concern, particularly if the couple was married for a long time and had significant shared assets. Recently divorced individuals who want to recover quickly from divorce may want to pay particular attention to credit-related issues.

Infidelity, substance abuse and money common reasons for divorce

Numerous studies have gathered information about why people get divorces. Although couples in Michigan might struggle for many reasons, infidelity, alcohol or drug use and financial stress always rank high on surveys of divorced people.

The effects of divorce on retirement plan assets

When people in Michigan begin the process of ending a marriage, they will have to reach terms about how to divide all marital assets, including retirement plans. The funds within retirement plans frequently represent a substantial asset for one or both spouses. The type of retirement savings plan determines how taxation could occur upon the distribution of funds at the completion of the divorce.

Considerations for older people wanting divorces

While divorce rates have fallen among younger people, they have increased among those who are older than age 50 over the past few decades. Michigan couples may decide to get divorced when they are older for many reasons, but it is important for them to carefully consider the potential repercussions of ending their marriages.

  • Expert Network | Distinguished lawyer | David R Bruegel
  • National Association Of Distinguished Counsel | Nation's Top One Percent | NADC
  • This Attorney is Lead Counsel Rated. Click here for more Information.Elder Law & Estate Planning

Share Your Concerns.

The first step toward tackling any legal problem is to talk it over with a trusted professional. Discuss your legal worries with attorney David Bruegel. Call or send an email to get started.

Send Your Information Today

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

David R. Bruegel, P.C.

Attorney Image
Avvo Rating 10.0 Superb Top Attorney General Practice Peer Review Rated For Ethical Standards & Legal Ability AV Preeminent Martindale-Hubbell from LexisNexis

Contact Information

155 W. Maple St.
P.O. Box 316
Mason, MI 48854

Phone: 517-833-4196
Fax: 517-676-6035
Map & Directions