How many times can you renew a judgment in Michigan?
How many times can you renew a judgment in Michigan?
A judgment in Michigan has to be renewed every five years and will not be collectible if not renewed within the five year period. It is also important to remember that the statue stops running during a time payments are made.
Is your spouse entitled to half of your inheritance?
In the rare case where an inheritance is clearly given to both member of a couple, it is likely that the asset will be part of the general pool of assets to be divided between the parties.
Is Ex entitled to my inheritance?
Broadly, any inheritance received after separation will not be subject to division PROVIDED that the parties have formalised their settlement by way of either a Consent Order, Court Order or Binding Financial Agreement.
Can a separated wife claim my inheritance?
Normally your inheritance is excluded When married spouses separate, there is usually a payment made by the spouse whose property has grown the most. We calculate each person’s ‘net family property’ which is essentially the increase in value of their property during the marriage.
How can I keep my inheritance separate from spouse?
The simplest and most stress-free way for two former spouses to come to an amicable agreement regarding any property settlement, including inheritance, is through a consent order. It is only after both parties have tried to negotiate and are unable to agree that the issue will go to the family court.
Do I have to tell my ex or the court if I receive a large inheritance?
Answer: Generally, unless there is a court order telling you that you have to make a payment to your ex, you are under no obligation to do so. In other words, your ex could possibly have a claim that if you inherited a large sum of money, you now have more money available for child support or alimony.
Can an ex spouse contest a will?
Although the obligation for a deceased to leave part of their estate to an ex-spouse diminishes after a family law property settlement has been finalised, an ex-spouse is still eligible to make a claim to challenge a Will.
How long after a divorce can you claim money?
There is a time limit set by the Family Law Act 1975 in relation to parties bringing claims for a division of property following the end of a relationship. In the case of a marriage each party has 12 months from the date of a divorce to file a claim with the court.
