The following is a summary of Michigan property division laws, and is by no means intended to be an all-inclusive description of what to expect in your particular case. In some cases, the exact text of the statute may have been simplified and/or modified to provide for easier understanding. For a more specific understanding of the laws, you should consult the full Michigan Code and/or consult with an attorney about how the law might apply to your particular situation.
Guidelines for Determining Property Division.
Upon a divorce from the bonds of matrimony, the court may make a further judgment for restoring to either party the whole, or such parts as it shall deem just and reasonable, of the real and personal estate that shall have come to either party by reason of the marriage, or for awarding to either party the value thereof, to be paid by either party in money.
Upon entry of a judgment of divorce, if the estate and effects awarded to either party are insufficient for the suitable support and maintenance of either party and any children of the marriage, the court may further award to either party the part of the real and personal estate of either party, to be paid as the court considers just and reasonable, after considering the ability of either party to pay and the character and situation of the parties, and all the other circumstances of the case.
-From Sections 552.19 and 552.23 of the Michigan Revised Statutes.
This information has been summarized from the Michigan statutes. You can find the full-text version of these and other Michigan divorce statutes online here: Michigan Divorce Laws.
LEARN MORE ABOUT GENERAL PROPERTY DIVISION LAWS.
GO TO ANOTHER DIVORCE ARTICLE.
IMPORTANT: Help Yourself Divorce is a paralegal service, not a law firm. Please don’t rely on this information for legal advice. Seek help from an attorney if you need legal advice.