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Divorce Isn’t 50/50 — Debunking the Myths About Fairness in Michigan

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Manage episode 493326704 series 3662695
Content provided by lykelaw. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by lykelaw or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Episode Summary:

Attorney Kristina Lyke discusses Michigan divorce law, explaining how "fair and equitable" distribution differs from a simple 50-50 split. She covers hidden assets, property division, handling emotional clients, and practical advice for those considering divorce.

Key Timestamps:

00:30 - Introduction to fair and equitable concept in Michigan divorce law

03:01 - Example of fair division using vehicle and debt scenario

04:01 - Discussion of inheritance and mixed marital funds

05:28 - How fault affects property division in no-fault state

08:39 - Hidden assets and consequences of non-disclosure

10:19 - Managing emotional clients during property division

13:41 - Challenges of short-term marriages

15:26 - Complexity of dividing retirement accounts

17:33 - Practical advice for protecting assets before filing

About The Show:

“Legal Beagle” features attorney Kristina Lyke, founder of Lyke Law PLLC, providing expert legal insights and practical advice on various legal situations. Hosted by Zofia Morales, the show breaks down complex legal topics into understandable information for listeners.

  continue reading

6 episodes

Artwork
iconShare
 
Manage episode 493326704 series 3662695
Content provided by lykelaw. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by lykelaw or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Episode Summary:

Attorney Kristina Lyke discusses Michigan divorce law, explaining how "fair and equitable" distribution differs from a simple 50-50 split. She covers hidden assets, property division, handling emotional clients, and practical advice for those considering divorce.

Key Timestamps:

00:30 - Introduction to fair and equitable concept in Michigan divorce law

03:01 - Example of fair division using vehicle and debt scenario

04:01 - Discussion of inheritance and mixed marital funds

05:28 - How fault affects property division in no-fault state

08:39 - Hidden assets and consequences of non-disclosure

10:19 - Managing emotional clients during property division

13:41 - Challenges of short-term marriages

15:26 - Complexity of dividing retirement accounts

17:33 - Practical advice for protecting assets before filing

About The Show:

“Legal Beagle” features attorney Kristina Lyke, founder of Lyke Law PLLC, providing expert legal insights and practical advice on various legal situations. Hosted by Zofia Morales, the show breaks down complex legal topics into understandable information for listeners.

  continue reading

6 episodes

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