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August 2011 Archives

Census finds change in Wisconsin divorce and marriage patterns

According to a recent analysis of data from the U.S. Census, people in Wisconsin are getting married and filing for divorce at a slower pace than couples living in the rest of the nation. In the years since the Census Bureau began keeping track of both marriages and divorces in 2008, it found that Wisconsin's marriage and divorce rates lagged behind the national average.

Consider the tax implications of Wisconsin divorce

It seems natural to consider the tax consequences of financial decisions that we make, but many people overlook the fact that divorce involves making many financial decisions. Unfortunately, that often leads them to overlook the tax implications of their divorce agreement.

States are changing the way they view alimony

Just as the definition of marriage is changing today, with a growing number of states recognizing civil unions between same sex couples, the traditional view of divorce is changing, too, specifically when it comes to alimony payments.

The economy and timing affect financial goals in divorce

One of the primary steps in divorce negotiation is marital property division, and one of the main assets that typically needs to be divided is the marital home. If you have to sell your house during a divorce, the real estate market will determine whether you make or lose money by selling. During a down real estate market, like the one we've been seeing in Milwaukee, you could lose most of the equity you have built in the house. To avoid all of this, one party can keep the house and the other can take other assets in exchange for the value of the equity.

Iron Bowl tickets used to ensnare child support violators

Our Wisconsin readers who are gearing up for the 2011 college football season will be interested to read of a news story from Alabama involving child support enforcement and college football tickets.

Should child support awards account for growing expenses?

Child support is typically awarded to the parent who does not have primary custody of a couple's children. Child support is supposed to represent the amount of money that will be necessary to pay for the expenses related to caring for the child. Such expenses include the cost of housing, food and clothing.

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