Nov 23, 2015

Posted by Alexander rogers in Attorney | Comments Off on Even Without Kids, Someone Ending a Marriage Needs a Divorce attorney Thiensville WI Is Known For

Even Without Kids, Someone Ending a Marriage Needs a Divorce attorney Thiensville WI Is Known For

Even Without Kids, Someone Ending a Marriage Needs a Divorce attorney Thiensville WI Is Known For

A Divorce attorney Thiensville WI is accustomed to hearing misconceptions about the divorce process. A couple that is currently considering splitting up may want to look at some of those misconceptions to make sure they don’t get tripped up during the divorce process.

An example of a misconception many people have is that do-it-yourself divorce is feasible for couples as long as they don’t have children. This may be the case when there are essentially no assets to divide and the couple has a relatively amicable split. However, when two people own real estate together, have named each other as beneficiaries on financial instruments, and have significant amounts of money invested in mutual funds and certificates of deposit, hiring lawyers is important. Each person should have individual legal representation to make sure he or she receives a fair share of the assets.

This also is critical when both spouses don’t want to give up one particular asset. Maybe they both want the camper, for example. It can be difficult for these divorcing spouses to be objective and figure out a solution. A Divorce attorney in Thiensville WI has available can arrange for collaborative meetings or mediation sessions, during which the couple focuses on resolving the factors they disagree on in regard to the divorce details.

The couple also needs to look at their debt. What if they have credit cards together and have acquired a substantial amount of debt, but most of that is due to one person’s spending habits? Simply dividing this equally can lead to resentful feelings in the person who wasn’t responsible for making those purchases. Legal representation can help here as well.

Without children, there obviously is no issue with child support. However, spousal support may be a consideration. If one spouse has been earning all, or nearly all, the money for the household, the other spouse may have no way to quickly get work that provides a living wage. Even a temporary form of support may be advisable while that person completes job skill training.

An attorney from an organization such as Fraker Law Firm S.C. can help couples figure out the fairest ways to handle their financial circumstances as they end their marriage.

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