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How to value the marital residence in divorce

For many couples in Wisconsin, the home is the largest asset in the marital estate. If a couple divorces and one spouse wants to keep the home after the divorce, an accurate valuation of the property becomes a crucial component of property division. If the home is valued too high, spouses keeping the homes will […]

Filing taxes following divorce

Like many Wisconsin residents, you may view tax preparation as an unpleasant chore. But if you recently have divorced or are now going through divorce, you may find yourself facing new challenges this tax season. Things you previously took for granted, like your filing status and dependent deductions, may prove fertile grounds for confusion. Here […]

Reasons why a prenuptial agreement may not be enforced

Divorce attorneys in Wisconsin and around the nation are taking note of a recent court case in which the judge threw out a prenuptial agreement that a woman had signed prior to marrying her multimillionaire husband. Previously regarded as difficult to void, prenuptial agreements have become increasingly common, especially for people with high net worth […]

Divorcing spouse may be liable for ex

A common question for Wisconsin residents who are divorcing is whether they can be held financially responsible for a former spouse’s credit card debt. The answer may surprise some. Because Wisconsin is a community property state, a credit card company can pursue the cardholder’s spouse for credit card debt even if the spouse is not […]

More common for wives to pay alimony

Wisconsin residents might be interested to hear that it is becoming more common for wives to be ordered to pay alimony to their ex-husbands in divorces. Husbands and wives do not necessarily have the stereotypical marriage arrangements that they used to have in the past. Traditionally, wives stayed at home while the men were the […]

Dividing assets in divorce

A Wisconsin resident contemplating divorce may have many questions about the division of marital assets. Wisconsin is a community property state, meaning both spouses are considered to own all marital property equally. When marital property is divided upon divorce, a 50-50 split is the standard, regardless of each spouse’s individual financial situation. So what does […]

In divorce, being right does not always mean being happy

Wisconsin divorces often become more complicated when couples lose focus of what might be best for both parties and their children. Some couples concentrate on the wrongs they feel they’ve suffered. The emotions related to these perceived wrongs can be so intense that they only serve to add drama to the divorce negotiations. Sometimes, the […]

What happens to frequent flyer miles in a divorce?

Negotiating a divorce settlement in Wisconsin can be an all-consuming process as the parties value and divide the assets of their marital lives. While couples expect to negotiate the division of real estate assets, bank and retirement accounts, and stock portfolios, they also need to be prepared to negotiate the division of more unique marital […]

What is the future of alimony?

Wisconsin residents who divorce may no longer have to pay or receive alimony in the future, and if they do, it may be under completely different circumstances. In the last few years, the idea of eliminating or changing the way alimony works has gained ground. While the goal of alimony is to ensure that a […]

In WI, bankruptcy before divorce affects property division

Determining what course to take first when a couple decides to divorce in the Milwaukee area is often difficult under the best of circumstances. A divorce scenario becomes even more muddied when financial problems such as foreclosure and bankruptcy loom on the horizon. In most cases when at least one spouse intends to file for […]