Marital Property

A prenuptial agreement, which is commonly referred to as a “prenup,” is a legal contract that may be entered into by two people before they get married or enter into a civil partnership. This agreement outlines the distribution of assets and liabilities in the event of a divorce or separation.

While prenuptial agreements may be used by any couple, they can be especially beneficial for couples with a high net worth. Understanding the various ways that a prenup
Continue Reading Can a Prenuptial Agreement Benefit a Couple With a High Net Worth?

In general, states are considered either “common law property” or “community property” states. Wisconsin, along with a few other states, is a community property state (community property is referred to as “marital property” in Wisconsin). It is important to understand the difference between these two systems for purposes of wealth management planning, estate planning, and divorce.

Under the common law property system, assets and debts earned or acquired by one spouse during the marriage belong only to that spouse.
Continue Reading A Brief Overview of Wisconsin’s Marital Property System