Practice Areas: Property Division
One of the biggest questions in divorce cases is how will the property be divided. There is a presumption in Wisconsin law that all property will be divided equally. But that’s not always the case. The factors below can affect how your property will be divided:
- The length of the marriage
- The property brought to the marriage by each party
- Whether one of the parties has substantial assets not subject to division by the court
- The contribution of each party to the marriage, giving appropriate economic value to each party’s contribution in homemaking and child care services
- The age and physical and emotional health of the parties
- The contribution by one party to the education, training or increased earning power of the other
- The earning capacity of each party
- The desirability of awarding the family home or the right to live therein for a reasonable period to the party having physical placement of the children for the greater period of time
- Maintenance and/or family support orders
- Other economic circumstances
- The tax consequences to each party
- Other relevant factors
In Wisconsin, equal division of property is true even if that property is in the name of one spouse only. However, the presumption of equal division of property, as well as debt, is subject to the particular circumstances of the married couple.
Related terms: Marital property division.
Property Division FAQs
Related Notes
- How to Impress or Annoy a Judge
Tips from judge William C. Griesbach. Click here to read the article in Wisconsin Lawyer.
Additional Resources
- Tax, Child Support, & Property Calculators
http://www.ernestromero.net/300.htm
- Wisconsin Court System Website
http://www.wicourts.gov/
- Common terms used in Family Law & Divorce
Alimony, maintenance, and spousal support are legal terms for payments, usually made monthly, from one spouse…