Best Estate Planning Attorneys in Saint Clair Shores, MI

Divorce / Property Division: One of the largest assets a married couple owns is their home. Divorces often result in the amicable split up of home assets, which can often be a challenging task that our attorneys can advise on. There are several options available to homeowners to split homes in the event of a divorce. • A Cash-Out Refinance or HELOC (Home Equity Line of Credit) can be taken out by one homeowner, and the money received from that refinance will then be split amongst the parties. In this scenario one of the parties usually keeps the home, while the other moves out and is paid funds from the refinance. • Another viable option, due to the increased equity appreciation in Metro Detroit homes, would be an outright sale of the property where that gained equity is captured by selling the home and funds are split amongst the divorcing couple. We also often see the need for one or both parties to get a new primary residence, resulting in a new home purchase and a new mortgage being obtained. Our attorneys can advise you on the best option for potential home sales, equity splitting, and mortgage options available to you and your family. Macomb Estate Planning can help guide you to achieve the best possible solution for your property assets. If you are going through a divorce and not sure what will happen to your home, give us a call and we can provide you with a free consultation.