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Wisconsin Marital Property Laws. Wisconsin is known as a community property state. Everything acquired during the marriage will be divided equally after the divorce. This includes income, property, and debts.
First, with respect to how the marital purpose should be worded, it requires language that the obligation ?is or will be incurred in the interest of the marriage or the family.? Although Wisconsin Statute § 766.55 does not specifically require any mandatory language, there would be little or no benefit in varying from ...
How long do you have to be married to get half of everything in Wisconsin? A marriage of any duration will split up marital assets 50/50. In a short-term marriage (less than 5 years) one can make the argument that assets from before the marriage are not marital assets and should not be split up.
??The Wisconsin Consumer Act (WCA) is a state law that regulates consumer credit transactions and debt collection. Consumer credit transactions are transactions that include a finance charge or are payable in more than four installments.
All property of spouses is presumed to be marital property. §766.31(3) Spouse's Interest in Marital Property. Each spouse has a present undivided one-half interest in each item of marital property?
(1) Surviving spouse's one-half interest in marital property. Upon the death of either spouse, the surviving spouse retains his or her undivided one-half interest in each item of marital property.
Most assets and debts are considered marital property in Wisconsin. Some of the things that are excluded are inheritances and property excluded by a prenuptial or a postnuptial agreement.