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Muskego divorce attorney asset division

Each year there are millions of people who go through the long and tedious process of divorce. According to the American Psychological Association (APA), around 40 to 50 percent of marriages in the United States end in divorce. Both men and women experience divorce at similar rates, but they do not always experience divorce in the same ways, as women typically tend to suffer the most financially and experience greater financial losses after a divorce. According to a study conducted by the U.S. Government Accountability Office (GAO), women’s total household income fell by 41 percent after divorce, compared to men, whose total household income fell by only 23 percent.

Understanding Your Finances

One of the biggest reasons for the disparity in divorce outcomes is simply just a lack of involvement in or knowledge of the family’s finances. However, there are many reasons a divorce could go wrong, as well as many ways that you could make a mistake. If you are going through a divorce, you should avoid making these top financial errors:

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Waukesha, WI divorce and family law attorney

When you get a divorce in the state of Wisconsin and you are a parent, you are required to determine several things before you finalize your divorce. You must determine nearly everything related to your children, such as where they will live, what their custody arrangement schedule would look like, how much child support would be and who pays it, among other things. When you and your spouse come to an agreement about parenting time, you are then bound to that agreement for at least two years after the final judgment unless you have evidence that the current custody placement is harming the child in some way. If you are seeking to modify a Wisconsin parenting time agreement, help from an attorney can be extremely beneficial.

Reasons to Modify a Visitation Arrangement in Wisconsin

The first thing the court will consider when looking at your petition for modification is when the original order was entered. For the most part, a custody agreement has to have been in place for at least two years to be eligible for modification. However, in certain situations, you may be able to modify your existing child custody and visitation arrangement prior to the two-year wait period. Possible reasons for modification may include:

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Oconomowoc divorce attorney asset division

For many people, getting a divorce is a very emotional process, but what many people do not realize is that divorce can have a huge impact on their finances. The decisions that you make during your divorce will affect your financial health for years to come, which is why you will want to be sure to prepare yourself for life after divorce as much as possible. One of the things you should keep an eye on during your divorce is your credit score. According to one survey of divorced Americans, 38 percent of respondents said they saw their credit score drop by more than 50 points after their divorce. In general, the act of getting a divorce in itself will not affect your credit score, but actions that are taken before and during the divorce can dictate the effect the divorce has on your credit. Below are a few tips to help you protect your credit during your Wisconsin divorce.

Pull Your Credit Report for Your Review

The first thing you should do is to request a copy of your credit report from all three credit bureaus: Experian, Equifax, and TransUnion. This will allow you to see a complete picture of every credit account that is linked to your name. From here, you can differentiate between your personal and your joint accounts, as well as note on which accounts your spouse is an authorized user. You will want to remove your spouse as a designated user from any of your accounts as soon as possible.

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New Berlin child custody attorney

One of the biggest fears that parents have when ending their marriage is how divorce will affect their children. Fortunately, most children whose parents get divorced grow up to be happy, successful, and well-adjusted adults. Studies have shown that children of divorce are relatively unaffected by the event as long as they are exposed to marital conflict as little as possible. In order to promote cooperation, Wisconsin courts require parents to attend mediation to try to create a parenting plan before appearing before a judge. If mediation fails or would be inappropriate, then you will need to go to court, where a judge will determine a parenting plan for you. However, if you and your co-parent are able to negotiate a plan among yourselves, this is even more beneficial.

Elements of a Parenting Plan

Every couple that is getting a divorce and has a minor child in the state of Wisconsin is required to file a parenting plan with the court and have it approved by the judge prior to the divorce being finalized. A parenting plan is a legal document that outlines all of the parental duties that each spouse has, especially in regard to legal custody and parenting time (visitation). Other things that should be included in a parenting plan can be information such as:

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New Berlin divorce attorney parental alienation

Divorce is never easy for anyone, but for a child, coping with a divorce can be more difficult than it is for other members of the family. This is especially true for divorces that involve a lot of conflict or disagreements between the spouses. In high-conflict divorces, everyone feels the effects of the split, especially a child. In some cases, a parent may even use a son or daughter to his or her advantage during the divorce by pitting the child against their soon-to-be-ex spouse. Parental alienation is a serious issue present in some contentious divorces that can not only cause issues during the divorce process but can have lasting effects on the relationship between the child and his or her parents.

What Is Parental Alienation?

Parental alienation occurs when one parent uses various strategies and methods to isolate his or her child from the other parent and attempts to sabotage or harm the relationship between them. Most of the time, this type of behavior is intentional by the acting parent and is intended to “get back at” or hurt the other parent. While parental alienation is aimed at harming the other parent, the child becomes collateral damage and can suffer emotional and mental distress and other long-term effects.

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