How Spousal Support is Determined by Lakeshore Law & Mediation

How Spousal Support is Determined in Divorce in Michigan If you’re going through divorce, you may be wondering about spousal support. How much will you receive? Or, how much will you pay? And how long will it last? An experienced family law attorney can answer all of your questions, advocate for you and help you […]

The Role of Fault in Dividing the Marital Estate by Lakeshore Law & Mediation

While fault plays a role in determining an equitable division of marital assets, it’s generally not overemphasized. It’s understandable and natural to want to point fingers and assign blame in divorce. However, the goal of the court is not to award blame and innocence, but rather to find an equitable division of marital assets. In […]

Valuing a Closely Held Business by Lakeshore Law & Mediation

What is a Closely Held Business? A closely held business is defined as a business entity whose shares are held by only a small number of stockholders. The stockholders typically have a common interest in the company (i.e., family members), and the shares of stock are generally not traded in the public stock market1. Valuing […]

Determining the Value of Your Marital Estate with Lakeshore Law & Mediation

What is the Value of My Marital Estate? Generally speaking, a marital estate is divided equitably. In order to divide a marital estate, your divorce attorney must know the values of all assets and debts. The value of those assets may require the opinion of an expert on valuation. The court looks at many factors […]