How can I protect my assets from divorce?

If you are planning on getting married in Wisconsin, it is important to understand the state’s asset protection law. This law helps protect your assets from a potential divorce. One way to protect your assets is to keep separate bank accounts during the marriage. Wisconsin law states that any money put into a separate bank account (or kept in separate accounts) before or during the marriage remains the property of the spouse who owns that account. This means that if the marriage ends in divorce, the spouse can keep the money and it will not be subject to a division of property. Another asset protection measure you can take is to draft a prenuptial agreement. This document outlines any property or assets that you wish to remain separate and protect from a divorce. It is especially important if one spouse has a significantly larger amount of assets than the other. The prenuptial agreement ensures that the wealthier spouse’s assets remain under their control in the event of a divorce. Finally, it can be beneficial to keep an inventory of all joint marital assets. This ensures that the division of property and assets is fair, and that both spouses receive their fair share in the event of a divorce. By understanding Wisconsin’s asset protection law and taking steps to protect your assets, you can ensure your financial security in the event of a divorce.

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How can I protect my assets from divorce?

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