KW Economics prepares financial analyses for divorce and marital dissolution matters venued in Michigan: income available for support, the value of business interests in the marital estate, and the tracing of separate and marital funds, each presented so that either spouse or the court can examine the figures.
A divorce or marital dissolution matter asks what income each spouse has available for support, what the marital assets, including any business interest, are worth for the division of the estate, and which assets are separate rather than marital. Each is answered from the business books, tax returns, and account histories rather than from the tax return alone. Read the full divorce and marital dissolution analysis guide.
Michigan courts require the trial judge to act as gatekeeper for expert testimony, asking whether the economist is qualified, whether the opinion rests on sufficient facts and reliable principles and methods, and whether those methods were applied reliably to the case. A damages report meets that inquiry by naming the published source behind every assumption and tying each to the record.
Highest court: Michigan Supreme Court. Federal venues: E.D. Mich., W.D. Mich. Court system: courts.michigan.gov.
Whether Michigan divides marital property equitably or as community property, which valuation date applies, how income available for support is defined, and how the goodwill of a professional practice is treated are questions of law that counsel confirms; the report presents each finding so it can be applied under either party's position.
The same four steps apply to a divorce and marital dissolution matter venued in Michigan; the governing framework in Michigan decides how each finding is applied.
Divorce and Marital Dissolution cases venued in Michigan are heard in the Circuit Court (General jurisdiction; larger civil cases, felonies, domestic relations) and the Family Division of Circuit Court (Domestic relations and juvenile matters). Final appeals run to the Michigan Supreme Court. Matters within federal jurisdiction proceed in the United States District Courts for the Eastern District of Michigan and Western District of Michigan.
Whether Michigan divides marital property equitably or as community property, which valuation date applies, how income available for support is defined, and how the goodwill of a professional practice is treated are questions of law that counsel confirms; the report presents each finding so it can be applied under either party's position. Michigan courts require the trial judge to act as gatekeeper for expert testimony, asking whether the economist is qualified, whether the opinion rests on sufficient facts and reliable principles and methods, and whether those methods were applied reliably to the case. A damages report meets that inquiry by naming the published source behind every assumption and tying each to the record.
Request a consultation on divorce and marital dissolution cases in Michigan or call (201) 343-0700. Plaintiff and defense counsel.