Many people in Wisconsin and elsewhere in the nation believe prenuptial agreements are for wealthy individuals or celebrities with significant assets to protect. While this is largely true, documents of this nature can be just as beneficial for individuals of average means who are looking to safeguard certain assets before tying the knot.
How job loss can affect the divorce process
The process of untying the knot can suddenly become even more stressful for couples if one spouse loses his or her job. When this happens, a court often makes an attempt to develop a better understanding of the circumstances involved before making any rulings regarding divorce-related issues such as spousal or child support.
Divorce and retirement savings
Married couples in Wisconsin who get a divorce are likely to find that the process can be draining emotionally. They should also be prepared for how it will affect them financially. When it comes to finances, the biggest impact may be on retirement savings. This may be an issue if one party did not work during the marriage, and the other party's retirement was meant for both spouses.
