Wisconsin is a community property state, which means that all assets inside of the marital estate are divided evenly in a divorce settlement. For instance, if your spouse bought a house during the marriage, you would likely be entitled to half of its value. Of course,...
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Property Division
What to do with shared property and liabilities when you divorce
As couples dissolve their marriages, they will also need to address both their shared property and their debt. As a community property state, Wisconsin has specific rules about how these can be divided. What are the community property rules? In states that follow the...
The unexpected aspects of divorce
Marriages that end in divorce leave spouses shaken. No one expects married life to end in a legal dissolution, but such things happen, as the high divorce rate will attest. Some marriages are so troubled that a divorce decree from a Wisconsin family law judge leads to...
Social Security spousal benefits: who qualifies?
Spousal benefits are benefits from the Social Security Administration (SSA). These benefits are based on your spouse's work history over the last few decades. Sometimes, you may be eligible to receive spousal support from the SSA even if you are no longer married. If...
Accounting for a home in a divorce settlement
If you get divorced in the state of Wisconsin, you are generally entitled to a share of any assets accumulated during your marriage. In some cases, you may also be able to claim a share in the price appreciation of assets that your spouse brought into the marriage....
How debts are allocated in a divorce
Wisconsin is a community property state, and thus debts that were accumulated during a marriage will generally be split equally between both parties in a divorce settlement. However, couples can negotiate a different type of division rather than leaving it up to the...
The importance of business valuation in a divorce
For many Wisconsin couples whose marriages are ending, the division of marital property is the most contentious issue, especially when the spouses have accumulated considerable wealth. If either spouse owns a business, that asset is often the most valuable property,...
Finance essentials to keep in mind in divorce
Divorce can be a messy process in Wisconsin, and the last thing you want to have to worry about is your finances. To maintain a healthy financial situation and avoid any money-related stress during and after your divorce, you'll want to understand the financial issues...
What courts consider when dividing property in Wisconsin
For most people, deciding who gets what in a divorce settlement is not an easy task. That's why many people leave it to the courts. The courts have a number of factors they consider when deciding what property should get divided, who keeps it and how to divide the...
Uncovering hidden assets during a divorce
Some Wisconsin couples may be able to quickly find an amicable settlement for their divorce, agreeing easily about how to divide their property and end the marriage. However, others may face a more contentious process, especially after a marriage that ended in more...