Wausau Divorce Lawyers
At Eaton John Overbey Jackman, we resolve challenging family law problems and guide our clients through the legal process in the most positive manner possible. Our strategic, aggressive approach focuses on resolving family law problems in a way that enables our clients to move forward in life from the strongest position possible. Your Wausau divorce lawyer can provide representation in a variety of family law matters, including:
Answers to Frequently Asked Questions about Divorce in Wisconsin
- Legal custody refers to the right of the parents to participate in important decisions in the lives of their children. This includes decisions related to schooling, medical care, religion, extra-curricular activities and other important events.
- Physical Placement is what most people think of when they hear the term custody. It refers to the time that the children will physically be with each parent.
Maintenance payments are taxable as income to the recipient and are a tax deduction to the payer.
- Continue as business partners after the divorce. It is rare, but not unheard of, to continue a business partnership with your spouse after a divorce. If you choose to continue as partners after divorce, you will need to address operational issues, and have an exit strategy, so that either of you can gracefully end the partnership later if it’s not working.
- Divide the business in some logical way. Though many businesses are not amenable to being severed, some (a real estate rental business, for example) are easily divided. In this type of situation, the most contentious issue will likely be the value of the interest or assets each party receives. If the business has a significant value, it may be worth it to get a business valuation. If the business has a low value, you may want to avoid the expense of a valuation and rely on other means of valuing the business, such as a CPA, buy-out agreement terms, and analyses of financial statements and tax returns.
- One spouse buys out the other spouse’s interest. While a buy-out of one spouse is often the preference for both parties, frequently the business is the parties’ largest asset, cash is in short-supply, and payment over time is the only option. If this is the case, there are complex issues that need to be addressed, including bankruptcy and debt issues, tax issues, and a financial strategy for living in the meantime, whether you are the business-owner spouse or the departing spouse. In additions, the valuation of the business is likely to be a significant issue in your divorce.
- Liquidate the business and divide the proceeds. While this option avoids issues such as continuing on as business partners, valuing the business, or structuring a buy-out, it may not be realistic if the family business was one or both spouse’s livelihood.
Your Wausau divorce lawyer will have significant experience in cases involving business interests. While many divorce lawyers lack significant business experience, our firm’s strong business practice means we are uniquely qualified to handle these complex cases.
Wausau Divorce Lawyers
In representing you, your Wausau divorce lawyer will focus on your future and the protection of your rights. We want to help you achieve a better life for you and your family. For a confidential discussion of your family law matter, contact a Wausau divorce lawyer.
Wausau Divorce Lawyer Contact Info
Get more information about divorce procedure in Wisconsin. Learn more about the divorce process from a Wausau divorce lawyer. If you have questions about issues related to divorce, paternity, child support, custody, placement or other family law matter, call a Wausau divorce lawyer at our law office for a free telephone consultation. Call 715.843.6700 to speak with a Wausau divorce lawyer. Wausau divorce lawyer serving clients throughout north central Wisconsin.