Divorcing Wisconsin spouses who may need to split retirement accounts should learn about the qualified domestic relations order. As explained by the United States Department of Labor, a QDRO allows people to legally establish a second payee on some types of retirement accounts that are governed under the Employee Retirement Income Security Act of 1974. This allows that alternate payee to receive either a single distributeion or multiple distributions from that account just as the account owner would.
If you are like many of the others in West Bend that are currently required to fulfill a spousal or child support obligation, then you likely try to stay current with your payments both to remain in the good graces of your children and/or ex and to avoid the potential trouble that missed payments can bring. Yet what if you lose your job or experience some other drastic change of circumstances that affects how much you earn? Fortunately, the law does allow you to have your case revisited in such a situation.
If you and your spouse are choosing to divorce, then you may not have to worry about him or her making off with all of your property in West Bend. Wisconsin is a marital property state, meaning that all marital assets are subject to equal division in a divorce. Yet what about your debts? You and your spouse may a have a shared mortgage, as well as joint credit cards. Is all of this shared equally, as well?
Wisconsin parents who get divorced and have children still at home can never be truly divorced from each other. Even when no longer married, they must still work together to raise their joint children. This may be a challenge indeed but it is possible and the more positively this can be done, the better for parents and children alike.
Dissolving a marriage in Wisconsin can have far-reaching effects, especially if children are involved. While most parents want at least some form of custody over the children and time to spend with them, the facts surrounding custody can be unclear. You may also be unsure about what different custody terms mean and how they will affect your family. Understanding these can be key to asking for what you want in your divorce case.
When it comes to dividing property in Wisconsin, it can be confusing to determine which possessions were solely yours or your spouse’s and which were jointly owned. While you may think you have divvied out all items, there may be several pieces of property that you have overlooked. Forbes lists a few things to remember as you determine what to include in your divorce settlement.
Although you think your grandchildren should be raised by their parents, you may sometimes find that it is necessary for them to live with you in Wisconsin. Because custody rights can vary from state to state, it is important to understand what your rights are.
Separating from a romantic partner is usually more difficult if there are children involved - even if the parents are not married. If you were going through a separation from a partner in a common-law relationship, sorting out child custody and parenting or visitation issues would likely be as traumatizing as it is in most divorces. You and your soon-to-be ex-partner may follow many others in similar circumstances and negotiate your own child custody agreement. This can avoid the bitterness and emotional stress of settling these issues in a court.
In Wisconsin, newlyweds and spouses who have been together for a while occasionally encounter conflict in their relationships. However, when the number of bad times outweighs the good, people who originally seemed just right for each other may find themselves questioning why they ever said “I do.” Every marriage has its problems. While some couples can overcome them together, others are not so fortunate. Anyone who is wondering if it is time for them to legally separate from their spouse should take some time to learn how to deal with marital conflict before they find themselves headed for divorce court.
Couples in Wisconsin who are approaching marriage may want to consider the possibility of a prenuptial agreement. Signing a prenup does not mean the couple anticipates a divorce, nor does it mean they have an unstable relationship. Rather, much like insurance, this agreement allows people to be prepared for a scenario which they hope will never happen. It may be wise to set the terms of asset division beforehand so that each partner's wishes are honored.