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Financial Planning
Mortgage Issues - Refinancing in Divorce by Maury D. Beaulier, Esq.
After a lengthy legal process Sandra and Michael just concluded their divorce. As part of their divorce decree, the Courts order awarded Michael the house and required Michael to pay the outstanding joint mortgage balance. Michael felt he was paying too much to Sandra in child support. In order to make ends meet, Michael failed to pay the mortgage on the home in a timely manner.

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The Wisconsin court may award spousal support or maintenance to either spouse, but the spouse requesting maintenance must specifically state so in the divorce petition. In determining the need, duration, and amount of maintenance, the judge considers the length of the marriage, the spouses' ages and physical and emotional health, the property division, and the conduct, or misconduct, of the spouses during the marriage and the divorce, among other factors.

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"A Plain English Guide to Protecting Your Children"

Author: Mary L. Boland, Attorney at Law