Helping You Make The Right Decisions For Your Family
Divorce can bring about many complex financial questions. One of the most common concerns is whether you are responsible for your spouse's debts after a divorce. In general, the responsibility for debt depends on several factors, including the type of property laws in...
Some people say that business owners are essentially married to the organizations that they operate. After all, they may work incredibly long hours and dedicate a substantial amount of mental effort toward the success and development of the organizations they own. The...
As couples who have spent years combining finances during marriage plan to dissolve their unions, it’s essential to understand how retirement assets are handled in the event of a divorce or separation. Retirement accounts represent years of hard work and diligent...
Wisconsin presumes that a divorcing couple divides all property, besides gifts or inheritance, in as equal a fashion as possible. But what does equal mean when it comes to potential tax gains? As Forbes notes, it pays to focus on the cash implications of property division in both the immediate and future sense. Avoiding Untaxed Dollars Though some property appears…
Wisconsin is among the minority of states that use the “community property” rule when it comes to marital assets and debts. Basically, everything you and your spouse earned, acquired, invested or bought after your marriage gets divided in half when you divorce. Sounds simple, right? It can be. It probably is for the vast majority of people going through a…