Dividing property in a divorce can be overwhelming. That’s why we created this Wisconsin Property Division Calculator—to give you an idea of how your assets and debts will be divided based on state law.
Wisconsin is a community property state, which means everything acquired during the marriage is usually 50/50. But that’s not always the case. Sometimes the court—or the couple—decides a different split is more fair based on the circumstances.
Let’s go through how the calculator works and how it can help.
Total Marital Assets
Everything you and your spouse own together that has value. That includes:
Only include property acquired during the marriage. If one spouse owned something before the marriage or received it as a gift or inheritance, it’s separate property and not divided.
Total Marital Debts
The total you and your spouse owe together. Think about:
As with assets, only include debts taken on during the marriage. Debts from before the marriage or in one spouse’s name only might be treated differently.
Party A’s Percentage
Wisconsin law starts with 50% for each spouse. That’s the default in the calculator. But this can change. For example:
You can adjust the percentage to reflect your situation or agreement.
Once you enter the numbers, the calculator will give you:
This tool is good if you:
It gives you a better idea of what your financial life will look like post-divorce and can help you have more productive conversations with your attorney or spouse.
Going through a divorce and have questions about how your property will be divided? We can help. Every situation is different and our team can walk you through your options and protect what matters most to you.
Call O’Flaherty Law today to schedule a consultation and get started.
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