Property Division In A Wisconsin Divorce: Protecting Your Future
Dividing property can be one of the most contentious aspects of a divorce. You have rights with respect to the division of property, and understanding them is important. Our family lawyers at the Capital Law Group, S.C., have dedicated their legal careers to helping families in Madison and the surrounding communities in South Central Wisconsin resolve their legal challenges.
Our divorce attorneys have extensive experience negotiating fair and accurate property settlements in a Wisconsin divorce. When a settlement can’t be reached, as seasoned litigators, they can also advocate for your best interests in court to protect your right to receive a fair division of your marital property and wealth.
Dividing Property In A Wisconsin Divorce
Wisconsin is a community property state. This means that any assets acquired during the marriage are generally divided equally between the parties. However, this does not always mean a 50/50 split. The court considers various factors when deciding property division, including:
- The length of the marriage
- Each party’s contribution to the marriage
- The value of the property
- The economic circumstances of each party
- Whether one party has dissipated assets
Our divorce attorneys at the Capital Law Group, S.C., have experience dealing with complex financial issues in all types of divorce cases, including high net worth divorce. We can help you identify, value and divide marital property fairly. In addition, we can help you negotiate a settlement for the division of your property, including real estate, vehicles and even your pets. We will help you prioritize your goals and advocate for your best interests. If a fair settlement can’t be reached, we will advocate on your behalf in court.
What Is Considered Marital Property In A Divorce?
Marital property includes most assets acquired from the date of marriage until the date of divorce. This can include real estate, bank accounts, investments, retirement funds and personal property. Property owned before the marriage or received as a gift or inheritance during the marriage is generally not considered marital property.
How Is Debt Divided In A Wisconsin Divorce?
Just like marital assets, marital debts are also subject to division in a Wisconsin divorce. Generally, debts incurred during the marriage are considered marital debt, and it doesn’t matter if both names are on the account or who incurred the debt. Marital debts can include:
- Credit card debt
- Mortgages
- Car loans
- Other personal loans
The Wisconsin courts will consider similar factors when dividing debt, aiming for a fair and equitable outcome. Our division of property attorneys can help you determine which debts are considered marital and advocate for a fair allocation of responsibility for those debts.
What Can You Do If You Suspect Your Spouse Is Hiding Assets In Your Divorce?
If you suspect your spouse is hiding assets, an experienced family lawyer can be invaluable. At Capital Law Group, S.C., our experienced divorce attorneys utilize various methods to uncover hidden assets, including:
- Conducting a careful review of all financial records to analyze accounts
- Interviewing relevant witnesses in depositions
- Hiring forensic accountants to analyze records and accounts
Our divorce lawyers will work diligently on your behalf to make sure that all assets are disclosed and valued accurately so you can receive a fair property settlement.
Schedule A Consultation With An Experienced Division Of Property Lawyer
Our divorce attorneys are available for consultations by appointment and offer a free initial consultation. Call us at 608-471-5365 or send a message through our website for more information about our services and to schedule an appointment. We can help you understand your rights and guide you through the property division process in your Wisconsin divorce.