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What should you know about property settlements?

On Behalf of | Jun 29, 2018 | Family Law |

As someone going through a divorce in Wisconsin, there are a lot of legal matters that you’re likely to have questions about. Issues related to property can be particularly hard to handle. The Mayer Law Office, LLC, is here to help walk you through all aspects of your divorce, making it a little easier to manage.

Division of property is usually handled in one of three ways. You can take the matter to the court and have a judicial decree made, you can make an agreement on the division with your spouse alone, or you can divide your assets through a property settlement. The latter is a form of written agreement that allows you to handle who will get what after your divorce is finalized.

In some cases, settlements can cover many different aspects of a divorce. In the case of a property settlement, it is only designed to address your physical property. This can include things like land, housing, cars, electronics, and more.

Property settlements are a binding document. This means that once you create and sign it, you are legally obligated to uphold it. For that reason, many couples choose to get a little help in drafting and finalizing their settlements. Legal professionals can ensure that the wording is as desired and needed, while mediators work to help keep the agreement fair for all involved parties.

When handling property settlements in divorce, it can be easy to get overwhelmed. However, reading up on the matter and meeting with a legal professional can be an immense help.



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