There may be good reasons for a Wisconsin couple to create a prenuptial agreement. It can protect both of them financially in case of a divorce, but it is important that they both participate in its creation and that it is fair to both of them.
Finances may be the last thing that Wisconsin couples want to discuss after getting engaged. However, discussing financial matters will ensure that they are on the same page if issues arise during their marriage or in case of a divorce. A prenuptial agreement will protect both parties and save them a lot of frustration and expense.
Many Wisconsin couples begin marriage with the concept that it's a 50-50 proposition. Most soon learn the give and take and perhaps seeming inequity in living together. Those who decide they would be better off apart and seek a divorce look to the laws of the state and the family court system for a level playing field to divide the marital property equally and begin their new lives fairly. Although the courts do what they can, women often face greater financial challenges post-divorce than men do.
Over the years, many people in Wisconsin have pushed aside the notion of a prenuptial agreement. They may think that prenups are solely a matter for extremely wealthy people or celebrities, or they consider that it is bad luck to plan for a divorce before a marriage. However, while marriage is a romantic affair, it is also a complex legal and financial process. By marrying, people establish a set of legal obligations and rights to one another, and their marital property will be divided in case of a divorce. With many more people choosing to marry after they have already established careers, bought real estate or developed their investments, prenups are becoming a viable solution for a larger number of people.
Some people are dealing with a difficult ex-spouse who brings unwanted drama, bad mouthing, manipulation and false accusations to the table every time discussions about the children need to take place. Wisconsin residents who are dealing with a toxic co-parent may be interested in learning about some ways that they can maintain their sanity while they look out for the best interests of their children.
It isn't uncommon for a parent to live or work in one city or state while their children live in another. However, parents who reside in Wisconsin or any other state may be able to take steps to stay in their children's lives regardless of the distance between them. For instance, parents can schedule regular phone calls or video chats to stay in touch with their kids. It is also a good idea to call or text at random intervals to help a child feel loved and appreciated.
Divorce is an event that can impact every area of a person's life. It can be taxing in terms of mental energy, emotional turmoil and financial expenditures. For couples in Wisconsin who are considering divorce, one area to think about is the impact that divorce will have on retirement plans. It could make it difficult to retire until later than planned, raise custody issues in cases where kids are involved and complicate Social Security payments.
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.
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.
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.