What Are the State of Wisconsin Laws on Dividing Assets After a Divorce?
Wisconsin is a community property state; all marital assets are divided more or less equally during a divorce. The court considers factors related to the marriage as well as whether each asset is marital or separate property when dividing property. Presumption of Joint Property Wisconsin law presumes that all assets in existence at the time of divorce are joint property. Thus, all assets will be divided equally between you and your former spouse unless you can prove that you owned a particular piece of property prior to the marriage. Factors Affecting Division of Property Assets are generally divided equally; however, the courts will consider factors such as the length of the marriage, each partner’s financial contribution to the marriage and each partner’s economic circumstances when dividing assets, according to Divorce Net. The Wisconsin law firm of Stillings and Buchinger says that if you keep an asset and any money derived from that asset completely separate during the course of a
