By Rohit Chopra | Published May 6, 2016 | | |
The complication of dividing marital property may continue after dividing the marital estate. Besides dividing outstanding debt, if a business was acquired and/or financed during the marriage, this is yet another step in dividing marital property. Even if ownership was under the name of one spouse, Wisconsin still considers it marital property. Similarly with marital Read MoreRead More
A major step in the divorce process includes the division of marital property. It’s not only difficult but can get complicated. As a whole, marital property consists of all property and assets that you and your spouse acquired together during the course of the marriage. This can include a business, marital estate, and even debts. Read MoreRead More
A common misunderstanding of prenuptial agreements is that they are strictly for wealthy couples who wish to protect their assets. Prenuptial agreements are for couples of all kinds, as they protect more than just money. A prenuptial agreement is a legally binding contract that a couple signs deciding what will happen if the marriage ends Read MoreRead More
The following three categories are considered marital or community property: All income received during the marriage All property obtained during the marriage that used income earned during the marriage (Even if the property was bought separately, but used for the benefit of the marriage) All debts incurred during the marriage The following assets are considered Read MoreRead More
Q: What is a divorce?
A: A divorce is the legal termination of marriage. All states require a spouse to identify a legal reason for requesting a divorce when filing the divorce papers with the court. The reasons given when filing are referred to as the grounds for divorce.Read More ›