» marital property

Q: What is separate property?

April 10th, 2018
Posted By
Thomas C. Kates
A: The concept of separate property is often an issue in divorce cases, whether the parties have been married for a brief time or for many years. As a general rule, everything… Read More
Read More
Categories: Divorce, Divorce Attorney, Mediation
Tags: assets, equitable division, marital property, Michigan divorce, separate property

Q: During my 20 year marriage, I inherited about $20,000 when my grandfather passed away. I have had this invested in a brokerage account in my name for about 10 years and it has more than doubled in value. Now my husband says he is entitled to half of that if we divorce. Is that true?

September 21st, 2017
Posted By
Thomas C. Kates
A: In most cases, assets inherited by one party during the marriage will be deemed separate property, not subject to division in the divorce. However, under certain circumstan… Read More
Read More
Categories: Divorce, Divorce Attorney
Tags: assets, inheritance, investment, marital estate, marital property, Michigan divorce, separate property