Navigating Property Division During A Divorce
One critical area to address during a divorce in Appleton, Wisconsin, is property division. This process is often contentious and complicated as couples determine how to split the assets they acquired during their marriage. If disputes or concerns arise, having legal guidance is essential.
That is where I come in at my law firm, Fozard Law Office LLC. I am attorney Stephen Fozard, and I provide the dedicated and experienced guidance you need. Before becoming a lawyer, I served in the U.S. Marine Corps, where I learned the value of diligence and service. I work closely with my clients to help them find solutions and navigate the complex court process.
What Property Has To Be Divided?
One of the main questions people ask me is what property must go through asset division. Typically, this involves splitting marital assets, which are assets obtained jointly during the marriage. Separate assets, on the other hand, do not always need to be divided between divorcing spouses. Part of the process involves determining which category each asset falls into.
It is also important to note that separate property can be commingled. Even if someone brought an asset into the marriage – meaning it was initially a separate asset – both spouses may have a claim if they shared or used it jointly. This is especially important for family heirlooms, inheritances, investment accounts, savings and other significant assets.
Wisconsin Is A Community Property State
Another important aspect to understand is that Wisconsin follows community property laws. This means that the state generally assumes all marital property is owned equally by both spouses, and the court will seek an equal division when possible. This differs from other states, which use equitable division rather than a strictly equal split.
Call Today For A Consultation
Property division often leads to disputes, and it plays a crucial role in shaping each person’s future. If you are going through a divorce, contact my office at 920-880-1180 or use the online contact form to schedule your free consultation today. I also offer virtual appointments.