Legal Question in Family Law in Michigan
Severence
I am joint owner of 45 shares of stock with my ex-wife. The stock was not split at the time of divorce. I've been notified by my ex-wife's attorney that if I do not contact her office by March 17, 1999 with dates on when I'm available to split the stocks then her office will file a "Motion with the Court asking that the Court order severence of the stock." What exactly does severence mean as it relates to this motion?
1 Answer from Attorneys
Re: Severence
First, you need to look at your judgment of divorce. If the stock was not split as part of the divorce, then you are probably the rightful owner of ALL of it. Second, no one can tell you "exactly" what severance means, except the atty who drafted the motion. Third, what I THINK she means, is that she will ask the court for an "equitable division" of the shares of stock. However, "equity" can be tricky: if you didn't hide the stock during the divorce, the other side knew about it and still the stock was not divided, you have a very good argument for not having to do so now. Even if the stock is valuable, you have a good argument for keeping it from what you've posted. Given that this was posted after the deadline you mentioned, good luck!!
Regina Brice
Brice Law Offices
2232 S. Main Street #364
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