Is there always an even 50/50 split of property in divorce? In this video, Attorneys Keenan and Eagon list factors that CAN and WILL affect property division in divorce.
▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
0:00 Factors that Change a 50/50 Property Division
0:45 What is Marital Waste?
1:37 Benefits of Community Property State
Wisconsin is considered a 50/50 state. This means all marital property and assets will be divided 50/50 in the event of a divorce, legal separation, or annulment.
However, as Attorneys Keenan and Eagon discuss, this is not always the case in court. The factors that are most likely to affect the equal distribution of property and assets include:
The length of the marriage
The property each spouse brought into the marriage
Age of and physical and emotional health of the spouses
Each spouse's contributions to the marriage
Substantial assets not subject to division by the court (e.g., substantial separate property, such as a large inheritance)
Each spouse's earning capacity (the ability to earn income based on education, skills, job history, and local employment opportunities)
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