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January 2020 Archives

Splitting an IRA can be complicated

The divorce rate for individuals 50 and older has gone up in recent decades even as divorce rates overall have dropped. While any adult can have an IRA, older individuals in Wisconsin and throughout the country are more likely to have them. Therefore, it is important to understand that an IRA can be split in a divorce and that there is a process that needs to be followed to do so. That process may be more complicated if a person is taking 72(t) distributions.

Miranda rights protect people against self-incrimination

Miranda warnings are well-known to many people in Wisconsin, especially as they have become famous as the indication of an arrest in movie and television police dramas. When people face an arrest themselves, however, they may not be sure how these warnings protect their rights. The Miranda warnings have been widely used since 1966 when a Supreme Court decision found that police have an obligation to notify people being arrested of their rights under the Fifth Amendment, which protects people against obligatory self-incrimination.

Tracking a child's schedule and expenses using an old calendar

When parents in Wisconsin get a divorce, they need to come up with a good estimate of child-related expenses. This can be important in determining child support obligations. Unfortunately, people often forget about many of these expenses, particularly when trying to recollect their children's schedules and other information during the stress of a divorce.

Research identifies hidden benefits of no-fault divorce

Married people in Wisconsin may take advantage of no-fault divorce laws, which grant either spouse the ability to end a marriage. Although divorce typically represents a challenging time in people's lives, a data researcher at the U.S. Census Bureau has brought attention to a study that identified a link between access to divorce and positive societal benefits. In 2004, the country of Chile legalized divorce and created a chance for researchers to study the results of the law change.

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