How will a judge divide marital property?
A judge is supposed to divide marital property equally; however, a judge can divide property differently after considering the following factors:
- the length of the marriage;
- property brought to the marriage by each spouse;
- whether a spouse is separately wealthy because s/he has “substantial assets” that are considered separate property;
- the contribution of each spouse to the marriage, including homemaking and childcare services;
- the age and physical and emotional health of each spouse;
- the contribution made by either spouse to the education, training, or increased earning power of the other;
- how much each spouse has the ability to earn, which takes into consideration the following factors:
- educational background;
- training and employment skills;
- work experience;
- length of absence from the job market;
- custodial responsibilities for children; and
- if applicable, what is necessary to get the education or training needed to allow a spouse to enjoy a standard of living similar to what was enjoyed during the marriage;
- whether it’s best to give the family home to the spouse who has physical custody of the children, or perhaps to just allow the spouse to live there for a reasonable period of time;
- the amount and length of spousal maintenance and child support payments;
- other economic circumstances of each party, including pension benefits;
- the tax consequences to each party;
- any written agreement made by the parties before or during the marriage regarding property distribution; and
- any other relevant factors.1
Note: The judge cannot consider marital misconduct when deciding how to divide property.1
1 Wis. Stat. § 767.61(3)