Wisconsin is a community state, which means the court is presumed to divide all marital property equally between spouses in a divorce. However, not all property is subject to equal distribution, which is the case for individual property. A knowledgeable attorney can help you decipher which is which while also going to bat for you in court if necessary.
Marital Property vs. Individual Property
Marital property is considered to be all assets acquired during a marriage. The exception to this is gifts or inheritance bequeathed to one spouse. Marital property is subject to a 50/50 division in the event of divorce, regardless of whose name may be on the title.
Individual property, also referred to as separate property, is any asset obtained before a marriage that has not been commingled with marital property. Gifts or inheritance left to a single spouse are also considered individual property. Of course, if the gifts or inheritance are commingled with marital property, they can then also be seen as marital property in court.
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