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  1. #1
    Join Date
    Jun 2006
    Posts
    2

    Default Asset protection

    I have a referee hearing (in Michigan)coming up in July to discuss rasing the support Im paying. This will also mean I will automaticaly end up with areages.

    I have put 2 properties in my spouses name and her name alone (threw a new deed). I will also put my auto in her name alone (transfer title). Does this protect my property from a lien filed against me for arreages?

    One has not been filed yet. Im just taking precoutions.

    Also Im wondering if I need to take money out of the bank account before this happens? If my spouse has a bank account in just her name is her money protected?

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Asset protection

    You do not presently have any arrearages?

  3. #3
    Join Date
    Jun 2006
    Posts
    2

    Default Re: Asset protection

    At this time I am all paid up. No areages. Im not trying to shrug my responsibilities. But I dont want to loose everything my present wife and I have worked hard for. Like I said im just trying to take precoutions in case the areages are outragousely high and they decide to take action with a lien. I intend on paying what ever they feel I should.

    Im not sure how far back the areages will go.

    The child will be 14 in July. I have been paying the same amount for all these years. My income has increased a small amount over that time. Do they just go back the last 3 years. They want to see my last 3 years of income tax statements.

    Thanks

  4. #4
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Asset protection

    Modifications should not be retroactive - they should be prospective from the date of the petition forward.

  5. #5
    Join Date
    Oct 2005
    Location
    Massachusetts
    Posts
    755

    Default Re: Asset protection

    I would agree with AARON to some degree.
    If you CS is adjusted now, it won't be retroactive.
    Unless....
    Like in my case, where my child support is re-calculated every 2 years.
    If for some reason you and your ex DON'T recalcualte it when it's suppossed to be done, then, you may be hit with arrearages.( because after all, you are in contempt)
    That just happened to me last week in court, but I had it in writing from my ex, that she agreed not to recalculate.( so her laywer had to drop the arrearages she wanted )
    Does your divorce decree have specific language as to when it's suppossed to be recalculated?

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