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Bucher Law Group, LLC

3 Assets and How to Split Them During Your Wisconsin Divorce

Posted on in Divorce/Family Law

Waukesha County divorce attorneys

Getting a divorce can be one of the best things that can happen to a person, especially when they are miserable in their marriage. Yet while a divorce can be positive, it can also be extremely time-consuming and stressful. The division of marital property is one of the more important and often contentious elements in the divorce process. Everything you and your spouse own must be allocated to one of you, depending on whether it was acquired before or after you were married. Here are a few specific assets you must allocate during your Wisconsin divorce:

The Family Home

Determining what you will do with the family residence can be difficult for a lot of people. Many have an emotional attachment to their home, especially if they have had children grow up there. If one spouse has a particular attachment to the home, that spouse could either buy out the other spouse’s portion of the home or apply for a new mortgage on the home. If neither spouse wants to keep the residence, the easiest solution is to sell the home and split the profits.

Your Vehicles

Cars and other vehicles are typically treated the same way as homes, although they do not usually carry the same emotional value. Most couples each drive a vehicle and keep it after divorce. If you and your spouse own one car and one of you wants to keep it, you should determine the value of the automobile and then pay half of that value to the spouse who wants to keep the vehicle.

Your Furniture and Household Goods

Splitting up all your furniture and household goods can be a challenging task. First, you should take inventory of what you own, then go through the list and pick out the items you absolutely need and the items you want. Try to use the other items on the list to negotiate for the items that you truly want.

A Waukesha County Divorce Lawyer Can Help

Divorces are never easy and they are almost always stressful or emotional at some point. One of the major stressors of a divorce is the allocation of property. If you want to make sure you get the assets you deserve from your divorce, contact a Delafield, WI divorce attorney right away. At the Bucher Law Group, we can help you make decisions about property division by giving you trusted legal guidance and all relevant information. Call our office today at 262-303-4916 to set up a free consultation.

Sources:

https://www.fool.com/retirement/2017/12/07/how-to-split-these-7-assets-during-a-divorce.aspx

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