Property And Debt Division Lawyer

One of the most significant differences between divorce in Minnesota and Wisconsin is the terminology and processes associated with the division of assets, property and debt. For many separating couples, determining who gets what is an important and, at times, difficult issue. At Brandau & Waltz Law Offices, LLP, we help people understand the law and their options for resolving property divisions quickly and effectively.

We Give Clients The Education And Resources They Need

It can be very helpful in marriage dissolution and subsequent property division to look beyond traditional litigation, when possible. There are alternatives, including alternative dispute resolution options such as mediation and arbitration. Mediation, a voluntary negotiation process that takes place outside a courtroom, allows parties to retain control over the settlement of various issues; can save the parties stress, time and money; and can provide a quicker resolution than court hearings and trials. For comprehensive counsel regarding your case, contact our law office and speak with attorney and mediator Ann I. Brandau.

The following is general information regarding the differences between Minnesota and Wisconsin debt division:

  • Wisconsin: Wisconsin is a marital or community property state, which means that all marital assets and debts are divided 50-50 upon legal separation or divorce. It is important to identify marital property, assets and debts, which are presumed to be divisible (there are exceptions to the general rule). As your lawyers, we can help you identify the various forms of assets and property while working with your spouse to determine an amicable method for division.
  • Minnesota: Minnesota is an equitable distribution property state, which means it is important and necessary to classify the ownership of assets and the responsibility for all debts. It can be a complex process, and you will benefit from the assistance of an experienced family law attorney like Ann I. Brandau.

In Minnesota and Wisconsin, a variety of additional factors will be considered, including:

  • The length of the marriage
  • The age, health and financial well-being of both parties
  • The future earning capacity of both parties
  • Who attended to homemaking or child care
  • The standard of living during the marriage

Protect Yourself And Your Property By Working With An Experienced Divorce Attorney

Reach out to our attorneys by calling our La Crosse law office at 608-784-2050 or fill out our online contact form.