Tax Filing Status Following Divorce Your marital status as of December 31 controls your filing status so if you and your spouse are not yet divorced by the deadline you can file a joint return, which will likely save you money. Alternatively, if you had a dependent living with you for more than half the… Read More »
When You Want a Divorce But Your Spouse Does Not
Wisconsin is a no-fault divorce state and recognizes two grounds for divorce. These stipulate that a marriage is irretrievably broken and there is an assertion of breakdown of marital relationship by both parties. If both you and your spouse agree, under oath or by Petition, that the marital relationship is broken, the court will find… Read More »
Joint Accounts in a Divorce - Ex’s Spending Spree Can Spell Trouble
There are many issues to consider when divorcing. Among the challenges is the division of marital property and debt. Assets such as bank accounts, real estate or retirement accounts have to be split in a fair and equitable way, and this process can require significant planning and negotiations. A common question that comes up, especially… Read More »
Tackling Credit Card Debt and Divorce
Similar to marital assets, marital debts are split during a divorce. Certain types of marital debt however, are not as easily divided and present unexpected problems during a divorce. An experienced divorce attorney will be aware of and knowledgeable about these problems in advance even if you are not. Credit card companies are not bound… Read More »
Wisconsin Divorce Facts
Wisconsin is a “no-fault” divorce state. With this in mind, most divorces are based on the grounds that the parties have irreconcilable differences. Although, ‘fault’ is not used as grounds for a divorce, the court may consider it when determining alimony and property division. When seeking a divorce, the residency requirements dictate that at least… Read More »
Gray Divorce…Single at 50+
The divorce rate for the 50+ crowd is on the rise. According to research, 1 in 4 marriages involving couples 50 and older end in divorce. Compare this to 1990 statistics of 1 in 10 people over 50 divorcing and you can see that ‘gray divorce’ is increasing. The reasons for the surge in divorce… Read More »