Legal Question in Family Law in Michigan
asset protection
My husband and I have been married 2.5 yrs; 2nd marriages, each have 2 prior children (3 under age 18) for which we each have sole physical custody. We made no pre-marital financial �agreements� or contracts. While I �think� my pre-marital assets are protected, I am concerned with making current investments - both for my children (education) and especially for myself (retirement investments) - that will be protected from his children and also from my husband should something happen to our marriage. We have 3 homes between us; my premarital home, a home we jointly purchased (down-payment financed with a 2nd mortgage on my premarital home), and a home he purchased (w/o monetary help from me) during our marriage. We pay all bills except mortgage/utilities on the jointly purchased home, separately.
If I invest in MY retirement now, will these assets (though paid for solely by me) be subject to joint division in the event of a divorce?
Which type of law does this pertain to?
1 Answer from Attorneys
asset protection
Almost nothing in family law is black and white. Your question involves multiple complex issues, some of them being in gray areas of the law. Therefore I recommend that you consider a post nuptial agreement to protect both you and your husband and both sets of kids. We'd be happy to discuss this option with you. Feel free to phone me at 1 8005766035.
Chuck Kronzek
www.MidMichiganDivorce.com
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