Are there any special rules for division of assets in a military divorce?
Yes, there are special rules for the division of assets in a military divorce in Wisconsin. Military divorce law often requires asset division to be done differently than in civilian divorces. When dividing assets in a military divorce, the court will consider a number of different factors. The court will evaluate military retirement pay. This evaluation will consider the length of the service, the earnings, and the current retirement benefits. If the couple has lived together for at least 10 years during the service period, the military spouse may be entitled to a portion of the other spouse’s retirement pay. The court will also consider the value of the veteran’s military benefits. This includes such things as medical coverage, educational benefits, and housing allowances. These benefits can be divided by the court, and the military spouse may be allotted a certain percentage. Finally, the court must consider any debt accrued due to the military service. For example, any money borrowed from a military loan must be taken into account. This debt will be split in the divorce by the court. Overall, military divorce law in Wisconsin is different than a civilian divorce. If a couple is considering divorce, it is important to be aware of the special rules when it comes to division of assets.
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