Have you heard the modern term “DINKWAD?” It is an acronym for double income, no kids, with a dog. DINKWADs can get divorced too, and in fact it is not uncommon.
How do I value a business in a Wisconsin divorce?
What happens to a family business in a Wisconsin divorce? It is rare that both spouses play an active role in managing a family business. So, the spouse who works in or manages the business is usually awarded the business in the divorce. However, the business can be the most valuable asset owned by the spouses, […]
US Supreme Court decision affects Wisconsin military divorce benefits.
Military retired pay is often the most substantial benefit accrued by a servicemember. It is natural, therefore, that the division of military retired pay at divorce is often a source of dispute. Your lawyer must fully understand the options and limitations of this and other military benefits in order to effectively represent you. Perhaps the most […]
Property Division in Wisconsin Divorce
Many questions arise from property division in Wisconsin divorce. Clients often wish to retain possession of certain items of personal property, from furniture to bank accounts to pets. Sometimes, people have an idea that property should be divided in a certain way, because “he cheated on me,” or because “she was the one who wanted the […]
Wisconsin military divorce-military retired pay
Wisconsin military divorce benefits are often the single most valuable asset when a couple separates. It is extremely important to understand and properly allocate the military retired pay. Depending on the servicemember’s length of service and other factors, the value of military retired pay may be well over $100,000. In order to divide this benefit, it must […]
What is a guardian ad litem in a Wisconsin divorce?
If you are in the midst of a court action regarding Wisconsin divorce, paternity, legal custody, physical placement and/or child support, you may already have experience working with a guardian ad litem (GAL). Many people have probably heard of guardians ad litem but aren’t sure what they do. Although their names sound similar, it is important […]
Wisconsin divorce vs. legal separation
The differences between Wisconsin divorce and legal separation can be subtle and sometimes hard to figure out. Both require filing similar paperwork with the court, notice to the other party, and a 120-day waiting period. At the end of the process, you receive a court order that outlines custody and placement of minor children, support, and property division. […]
Wisconsin divorce tax laws
Wisconsin divorce tax laws can have a serious effect on a spouse’s financial situation. Careful tax planning must occur before the divorce is granted. Following are some issues that I consider with all my clients: 1. Couples usually file married jointly during a marriage. However, after the separation, former spouses must file as either single […]
Wisconsin termination of parental rights
Wisconsin termination of parental rights is a very serious step. If you are convinced that termination is in your child’s best interest, there are several ways to accomplish it. The most common way to accomplish a Wisconsin termination of parental rights is a stepparent adoption. If both biological parents consent to terminate one parent’s rights, […]
Finding Wisconsin divorce assets
Locating Wisconsin divorce assets is not usually as difficult as you may have heard. Both spouses must make a full financial disclosure. All assets, debts, income, and expense must be disclosed on the designated form. These statements often form the basis for a judge’s decision on support and property division. Therefore, they must be completed carefully. It is […]