by Chip Farrar | Feb 12, 2026 | Charles P. Farrar PLLC
Normally, when a 401(k) or a pension account is divided, early withdrawal penalties are imposed by the Internal Revenue Service. This would make it cost-prohibitive to divide such an account in the event of a divorce. Fortunately, there are provisions in the tax code...
by Chip Farrar | Apr 9, 2025 | Charles P. Farrar PLLC
The distinction between premarital and post marital property is often significant in determining property rights during and after a marriage. Premarital property generally refers to assets acquired by a spouse before the marriage, while post...
by Chip Farrar | Mar 4, 2025 | Charles P. Farrar PLLC
In Michigan, the law aims to achieve an equitable distribution of property, considering various factors such as the contributions of each party, the needs of the parties, and the circumstances of the case. The distribution does not necessarily have to be equal but...
by Chip Farrar | Jan 6, 2025 | Charles P. Farrar PLLC
The distinction between marital property and separate property is crucial in divorce proceedings. Marital property generally includes all assets acquired or earned by either spouse during the marriage. This encompasses income, real estate, and other assets obtained...
by Chip Farrar | Oct 2, 2024 | Charles P. Farrar PLLC
If the other party earns more than you, it is quite possible that they will be ordered to pay at least some portion of your legal fees. The court rule on this point is MCR 3.206(D)(2)(a), which authorizes this, if you can show that you are “unable to bear the expense...
