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.
There are a multitude of issues that divorcing couples in Wisconsin must address in order to come to fair marital property settlements. One of those issues is spousal maintenance, also commonly referred to as alimony.
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.
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.
Child custody battles in Wisconsin are seldom easy. One such battle recently fought in another state, though, has been tougher than most.
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.
In a recent opinion upholding, the Wisconsin Supreme Court distinguished between pension benefits paid by a pension plan and disability benefits paid pursuant to the same plan.
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.
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.