How can I protect my financial security in a military divorce?

If you or your spouse is a member of the armed forces and you are considering divorce, there are many things you can do to protect your financial security. First, it is important that you understand the military divorce law in Wisconsin. Wisconsin is a no-fault state, which means that either spouse can file for divorce without assigning fault to the other. The court will divide marital property according to Wisconsin law, which is typically a 50/50 split. Second, consult a financial advisor or lawyer who specializes in military divorce law. This person can help you understand the law, determine what assets may be exempt from equitable division, and how to maximize your financial security in the divorce. You should also consider getting a written prenuptial agreement if you haven’t already. This agreement will help protect you financially if you divorce. Third, it’s important to gather all of the financial information you can before filing for divorce. This includes income records, investments, savings accounts, assets, and debts. Having a clear understanding of your finances can help you make informed decisions during the divorce process. Finally, if you have access to military benefits, you may have to draft a special divorce settlement document, called a “statement of understanding”, in order to include them in the settlement agreement. This document must be approved by the military, so make sure to consult a lawyer who specializes in military divorce law. By following these steps, you can help protect your financial security in a military divorce in Wisconsin.

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How can I protect my financial security in a military divorce?

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