In Michigan, divorce proceedings involve the equitable distribution of marital property. This means that assets and liabilities acquired during the marriage are divided fairly, though not necessarily equally, between the parties. For example, a family home purchased after the wedding date is typically considered marital property subject to division. Separate property, such as inheritances received by one spouse or assets owned prior to the marriage, are generally excluded from this division.
A clear understanding of property division in divorce is crucial for individuals navigating this complex legal process. Equitable distribution aims to provide a just and fair outcome for both parties as they transition into separate financial lives. The historical shift from common-law property rules, which often favored men, to the current equitable distribution model reflects societal progress towards greater fairness in divorce proceedings. This framework recognizes the contributions of both spouses to the marital estate, regardless of whose name appears on titles or accounts.
