Safeguarding Assets Built During A Marriage
Heated disputes during divorce proceedings can be hurtful and frustrating. Material items may have sentimental value, while money and investments are extremely critical to both of your futures. The skilled divorce attorneys at Gagne McChrystal De Lorenzo & Burghardt have handled complex divorces with fair results. We will advocate to ensure you receive your fair proportion of property and asset acquisition during the marriage.
What Is A Community Property State?
If you are divorcing in Wisconsin, you are divorcing in a “community property state.” It is presumed that everything that you and your spouse own and owe will be divided 50-50 in a divorce, including:
- Retirement accounts, investments and stocks
- Real estate and personal property
- Cash and bank accounts
- The value of a business
- All debts, including those involved with a bankruptcy process
Parties can choose to distribute this community property differently, by agreement. The only property not subjected to this equal split is:
- Property received as an inheritance or gift, which is held in a separate account
There are circumstances when a court may determine that deviating from an equal division of property is appropriate. Our attorneys can advise you as to whether those circumstances apply to your case.
Contemplating Divorce Or Separation? Meet With A Marital Property Lawyer.
Going through a divorce can be deeply personal and upsetting. Our experienced divorce attorney can explore what constitutes marital property and how it may be divided in your particular circumstances. Call us for a consultation at 414-273-5551 or ask us by email. We promptly respond to every request.
