In Wisconsin, the court assumes the total value of all property and debts are divided equally in a divorce. The court has the authority to award something different than an equal division of the estate if certain factors are present.
The most common reasons for adjusting an equal division of the estate are:
The Madison property division attorneys at Balisle Family Law Legal Counsel, S.C. are experienced in helping clients determine whether assets are included or excluded from the estate, whether there are strong reasons to adjust the presumed equal property division, and if a payment must be made to equalize the property division, what terms for payment are reasonable.
All assets must be assigned a value unless the parties agree to allocate assets and debts without concern for the value. It is more typical for the attorney to assist in retaining the services of appraisers of real estate and business interests to determine a fair market value to be used in the property division.
In complex cases where a family business has provided the funds for the family's support and standard of living, divorcing parties are often confronted with the challenge of how to share in the fair market value of the business without destroying the business. Attorney Linda S. Balisle at Balisle Family Law Legal Counsel, S.C. has extensive experience in working out this very issue.
Having represented clients with business interests in every industry in Wisconsin, we know how to work closely with the client's professional advisers, accountants and financial institutions to insure that the end of a marriage does not mean the end of a successful business.
To set up a consultation, call a Madison property division lawyer at (608) 765-1001 for skilled and trusted representation.