Sheehan & Associates, P.L.C.

November 2019 Archives

Sharing an inheritance makes it marital property

The general rule with an inheritance is that it is not marital property, but separate property. Say your parents leave you $100,000 when they pass away. Later that year, your spouse files for divorce. Most of the time, the court looks at that $100,000 as separate property that belongs only to you, so you do not have to split it with your spouse.

How to divorce privately

Going through a divorce is a very personal process that is ideally kept between you and your divorcing spouse. While you will want to talk to close friends and family about the issues you are facing, you will not want the intimate details regarding your divorce to become public information.

What aspects of my finances can bankruptcy fix?

Bankruptcy can be a great solution for those who are drowning under ever-rising debts. Those who are unable to keep up with loan repayments and interest will suffer from the additional fees and implications that come with the terms dictated by creditors. While bankruptcy can be very beneficial in certain circumstances, it will not automatically fix all of your problems.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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