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October 2019 Archives

What happens to the business when couples split?

Wisconsin couples who are considering a divorce will have many issues to sort through. If one or both spouses own a business, the decisions they make regarding it might have long-term consequences that affect not just their lives but also their business partners, their employees and, potentially, their clients.

Weigh the pros and cons before a strategic divorce

Divorce may be an option for some high-earning Wisconsin couples who want to save money on taxes. Some couples are discussing a divorce on paper in order to avoid what has been referred to as the "marriage penalty." This is a higher tax liability for couples who are high earners and file their taxes together.

Some factors make divorce more likely

There many reasons why a married couple in Wisconsin would want to split up. From clear, obvious problems like abuse or infidelity to more nebulous feelings of growing apart, these can all be good reasons to divorce. When couples are unable to resolve their differences, even after trying counseling and other means of reconciliation, the end of a marriage can come as a relief. Still, because divorce is a major financial and emotional milestone, it is worth making sure that it is the path that people want to take.

Could your spouse be hiding money?

Wisconsin couples who are getting a divorce are required by law to split their assets evenly or equitably. Unfortunately, some people do try to get around that by hiding some of these assets. We at Mayer Law Office, LLC, will discuss the action of hiding assets today.

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