Helping To Divide Your Marital Assets Equitably

Dividing property during a divorce is an important, yet complex matter. Many factors are considered and it can seem overwhelming.

The lawyers at Schmidt & Grace Attorneys at Law are dedicated to helping our clients navigate the complexities associated with property division. Valuing and designating property that has been accumulated during a marriage is no easy task, but we are committed to helping you work through the process, step by step, in order to help you pursue your best interests.

We understand that you may be feeling a range of emotions. The idea of giving up things you have worked your whole life toward can be frightening. Our lawyers will listen to your goals and concerns as offer clear, straightforward legal advice. Our clients are our first priority, and we will work diligently toward the best outcome possible.

How Assets Are Divided In Wisconsin

Wisconsin is a community property state, which means that the courts favor an equal division of marital property. Although this does not always mean a 50-50 split, the courts generally try to leave both parties with an equal amount of assets and debts.

When dividing property, the court will distinguish between separate and marital property. In general, separate property is not subject to division, meaning that each spouse keeps their separate property following the divorce. Separate property includes, but is not limited to:

  • Property that was received as a gift or inheritance
  • Property owned by a spouse prior to the marriage
  • Gifts received from persons other than the spouse
  • Property received after the couple's separation

Conversely, marital property is subject to equal division during divorce. Generally, this type of property includes all assets acquired by either spouse during the marriage, even if they are held in one spouse's name.

We Can Protect Your Best Interests

It is essential that the attorney you choose knows how to determine the value of an asset, particularly in a complex asset case. Our lawyers have extensive knowledge working with clients who have a range of property types and we are prepared to put it to work for you to ensure a fair distribution of assets. To speak with one of our attorneys in Wisconsin Rapids, email us or call us at 715-423-4100.