Student loan debt is a major financial burden for many people in Wisconsin, especially as the cost of college attendance continues to rise. For many people, student loan debt may cause them to put off marriage, buying a home or having children. Others who are married with student loan debt may be concerned about how a divorce will affect their debt burden. The financial impact of divorce can be significant, as marital assets and liabilities are divided between the couple. The long-term effects of a divorce can linger even after the emotional issues have been settled.
The U.S. Department of Agriculture wants to help single parents in Wisconsin and other states get the assistance they need by encouraging states to use child support cooperation requirements as a helpful tool. The agency sent a memo to the director of each state's Supplemental Nutrition Assistance Program, or SNAP, to require custodial and non-custodial parents applying for benefits to submit details from their child support agreements as part of the process.
Not all married partners in Wisconsin are equally familiar with family finances. If divorce is inevitable, it can be important for these spouses to gather certain financial documents. This will help ensure that they fully understand their finances and the effects that divorce will have.
Wisconsin residents who are required to pay alimony or child support should not try to manipulate their income to get their payments lowered. Courts generally look closely at all sources of compensation as well as lifestyle. However, the payor may want to take certain favorable measures. For example, if the person expects a large one-time bonus in the year ahead, it may be a good idea to complete the divorce beforehand.
In Wisconsin and elsewhere, women are earning more than their spouses at a greater rate than in the past. Nationally, women earn at least the same income as their spouses in nearly 38% of marriages. The change in the traditional breadwinner scenario is not a problem for most marriages in which it occurs, but for others, when the wife out-earns her husband, marital discord can ensue.
Family law disputes in Wisconsin are rarely easy. One issue that is particularly concerning is child support. Parents will often have questions about various aspects of their case, including whether post-decree modifications are possible and whether there are tax considerations.
While mothers in Wisconsin and other parts of the country are still likely to get more time with their kids in the event of a divorce, dads are no longer being kept out of the parenting loop. Over the years, the tendency to side with the mother has shifted to the point where more courts are encouraging divorcing parents to share parenting duties instead of automatically opting for sole custody.
When a Wisconsin resident is awarded the family home during a divorce, there are a lot of serious questions they will need to answer. They will need to look at who will live in the home and who can afford to actually stay in it. These are serious matters that need to be considered. If the decision is not to sell the home, a new group of options open up.
There are many reasons parents in Wisconsin should be concerned about the usage of social media and texting by their children. However, in cases in which the parents have divorced, the use of the modern forms of communication can be beneficial. This is according to the results of a study that evaluated parent-child relationships after a divorce.
Divorce can be a costly and difficult process, so one of the first steps that people in Wisconsin should take is making sure they want to go through with it. They should also do some research, including looking into state laws and finding out which professionals may be helpful. For example, in addition to an attorney, a person may want to hire a therapist.