The following are actual unsolicited written comments from a number of Attorney Riley's clients. Given the strict Attorney-Client confidentiality rules we cannot provide the names of clientele.
★★★★★ "I’ve worked with Attorney Tim Riley for over 10 years. His expertise, advice and results have been terrific! I would highly recommend Attorney Riley and his team to anyone who is looking for real estate transactions."
★★★★★ "Tim, I sincerely want to thank you for your efforts today. Your preparations and cross examination in court were fantastic. I know this isn't a fun case to be working on, but your efforts today really made a difference. Thank you so much."
★★★★★ "I am appreciative of your representation of me, it is nice for a change to feel like someone is in my corner and has my back. I have gone for so long feeling like no one was looking out for my kids and myself."
★★★★★ "You will never know how truly, humbly thankful I am for your help! I thank you from the bottom of my heart. Words could never tell you what my boys and I have been through the past five years."
★★★★★ "Very thorough, well prepared representation. I wish Tim had been my first attorney."
★★★★★ "I honestly don't think words can express my gratitude to you for helping and me. I was so grateful for the information and support that you initially provided. If it weren't for that plus your character, integrity, and values I don't know what would have happened."
★★★★★ "Thank you so much for all you have done for me. You helped me out faster than I ever thought could be possible. I truly appreciate all the efforts you made to help me out and I want you to know I am beyond thankful."
★★★★★ "Thanks!! Super Lawyer Tim."
★★★★★ "I wanted to thank you for helping me out with my placement issues. You were not only highly competent but extremely kind. Your understanding that this is highly emotional was so appreciated."
★★★★★ "I wanted to follow-up and thank you for the time and help with my divorce and real estate situations over the last few months. I especially wanted to thank you for the support when I called out of the blue and you were willing to help me. You've been very generous with your time and advice. It has been a pleasure working with you."
★★★★★ "Thanks for all your help. We appreciate your level headedness and calm professionalism."
★★★★★ "I appreciate all your advice and your knowledge."
★★★★★ "Thanks for all your help I really appreciate it. It takes the edge off all the madness involved in this procedure. It's fun working with you."
Marital Property Law
In 1985 the State of Wisconsin enacted Chapter 766 of the Statutes commonly referred to as the Marital Property Act. This sweeping law dictates ownership interests and rights in property as to married persons. It also affects third party creditors rights reference collection of obligations from both spouses.
marital property equal interests
Basically, the law creates a presumed equal interest in property owned by either spouse and a presumed equal obligation for debts to third parties. This applies to property acquired during the marriage as well as property brought into the marriage by either spouse.
exclusions from marital property
Chapter 766 does allow parties to â€śopt outâ€ť of some or virtually all of the provisions of Chapter 766 by way of Marital Property Agreements. Any such agreement must be in writing, freely entered into and based upon full financial disclosure between the parties. There are additional conditions developed through case law that require each party understand the effects of the agreement and that the agreement is equitable under all of the circumstances.
control and management of assets
Marital property agreements define not only the classification of assets but also the right to manage and control assets during the marriage. The agreement also affects the distribution of property upon dissolution of the marriage and in certain instances upon the death of either party.
responsibility for debts upon divorce
The agreement may also define and assign debts as marital or non-marital and incorporate provisions regarding any claims for maintenance (alimony) upon divorce.
Many people avoid even the notion of a pre-nuptial agreement for they are, to be sure, not terribly romantic. However, marriage is more than a commitment of love faith and devotion. It is also a legal contract and economic partnership. Parties entering into marriage with significant assets or debts or liabilities are well served by setting forth their rights and obligations in a pre-nuptial agreement. These agreements also serve to protect a non-debtor party from incurring responsibility for the pre-marital debts or liabilities of the other party.
Those entering into a second marriage particularly with children from a first should absolutely consult an attorney regarding the benefits of a pre-marital agreement.
Again, absent a pre-marital agreement, all property brought into a marriage with the usual exception of gifted and inherited property is deemed marital and divisible upon divorce. Further even property that might otherwise be deemed separate can through the unintentional acts of a party or parties become marital. In order for gifted or inherited property to maintain its status as separate property the owning spouse must avoid any mixing of separate and marital property and must further be able to document the origin and source of the individual property. A marital property agreement allows parties to in most instances avoid any unintentional creation of a marital property interest in individual property.
Contact Riley Law Office
If Attorney Tim Riley can be of assistance to you with your legal situation, please call Riley Law Office for a free initial consultation at 608.833.3880 or email Attorney Riley. Attorney Riley will be happy to speak with you with no obligation on your part.