Property Division

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…