When two high net worth individuals marry, they may be concerned about what would happen if they divorced. How would their assets and debts be divided? What if one of them wanted to leave the marriage? In Wisconsin, there are two types of agreements that can help answer these questions: prenuptial agreements and postnuptial agreements. This blog post will explain what each type of agreement is and how it is handled in Wisconsin divorce courts. It will also discuss specific concerns for high net worth individuals considering divorce in our state.

If you are considering a prenup or postnup, retaining a Milwaukee divorce attorney with experience serving high net worth individuals is a great first step! At The Ohiku Law Office, Attorneys Odalo Ohiku and Felicia Owen help guide high net worth clients through divorce. Give us a call today to discuss your questions.

What is a Prenuptial Agreement?

A prenuptial agreement, also called a premarital agreement or antenuptial agreement, is a contract created by two people who are about to be married. The purpose of the agreement is to define how their assets and debts will be divided if they divorce. A prenup can also include provisions for spousal support (alimony).

In order to be valid, a prenuptial agreement must be in writing and signed by both parties. It is also important to note that the agreement must be entered into voluntarily – meaning that neither party can be forced to sign it. If a court finds that a prenup was signed under duress, it may be invalidated.

It is also important to disclose all assets and debts before signing a prenuptial agreement. If one party hides assets or debts from the other, the agreement may not be enforceable. This is why it is best to consult with an attorney before signing a prenup.

What is a Postnuptial Agreement?

A postnuptial agreement is very similar to a prenup, except it is created after a couple is married. Just like a prenup, the purpose of the agreement is to define how assets and debts will be divided if the couple divorces. A postnup can also include provisions for spousal support.

Like a prenup, a postnuptial agreement must be in writing, signed by both parties, and entered into voluntarily.

Child Custody & Support

While prenuptial and postnuptial agreements can cover many aspects of a marriage, including division of assets and property, spousal support, and what should happen if one spouse in unfaithful, these agreements cannot legally dictate issues of child custody and child support. These are highly sensitive and serious considerations and a Wisconsin divorce court will retain the right to take into account the entire course of the marriage and many aspects of each spouse’s parenting style before making a decision on these matters.

Valid vs. Invalid Prenuptial & Postnuptial Agreements

There are certain circumstances in which a prenuptial or postnuptial agreement may be invalidated by a Wisconsin divorce court.

If the agreement was not entered into voluntarily, it may be invalidated. This means that neither party can be forced to sign the agreement, and both parties must have had enough time to read and understand the agreement before signing.

If one party hid assets or debts from the other, the agreement may also be invalidated. This is why full financial disclosure is so important before signing a prenuptial or postnuptial agreement.

Finally, if the terms of the agreement are unfair or unreasonable, a court may invalidate the agreement. This is why it is so important to have an experienced attorney review your agreement before you sign it.

High Net Worth Individuals & Prenuptial & Postnuptial Agreements in Wisconsin

If you are a high net worth individual considering divorce and you have a prenup or a postnup, it’s essential to retain the services of an experienced Milwaukee divorce attorney. Not only will your divorce attorney prove a valuable resource in court, they can help you navigate the intricacies of a prenuptial or postnuptial agreement and how they will interact with your case.

If you are considering the benefits and drawbacks of creating a prenup or postnup, you’ll also want to speak to an attorney. People who own businesses and/or have significant assets have a lot to consider when it comes to drafting a prenuptial or postnuptial agreement. Most importantly, you’ll want to make sure your agreement stands up in court if you decide to divorce.

At The Ohiku Law Office, we help high net worth individuals who are dealing with or considering divorce. Whether you have questions or are ready to begin your journey, contact us today.

Divorce is a difficult process for everyone involved. It can be especially hard on children, who may not understand what is happening and why their parents are no longer together. As a parent or guardian, it is important that you take the time to talk to your kids about divorce.

At The Ohiku Law Office, Divorce Attorneys Odalo Ohiku and Felicia Owen have decades of experience helping families through the divorce process. Learn more about our services, including divorce law and child custody/placement, and keep reading for strategies for helping your children through this tough time.

Plan Out the Conversation in Advance

It is important to think about what you want to say before you have a divorce conversation with your kids. Try to anticipate their questions and have answers ready. If at all possible, plan the conversation with your spouse/partner to ensure you are both on the same page.

Choose the Best Time

When you sit down to talk to your kids, make sure it is at a time when they are not hungry or tired. It may be best to have the conversation on a day when they don’t have to leave your home to go to school, to a friend’s house, or somewhere else. They may want you around in case they have questions or big emotions they need help processing. Also, be sure to allow enough time for the conversation; rushing through it will only make things more difficult.

Avoid Blaming Your Partner or Child

One of the most important things to remember when talking to your kids about divorce is to avoid placing blame. This will only make them feel more insecure and could damage your relationship with them. When going through a divorce, it is important to remember that your children are watching you and how you react. If you are angry or resentful towards your former spouse, your children will likely pick up on this negative energy. It is crucial that you try to avoid putting blame on either yourself or your partner during the conversation.

Listen More Than You Talk

It is important that you take the time to listen to your kids during this conversation. They may have a lot of questions or concerns that they want to express. By listening, you can help them feel heard and understood.

Answer the Questions They Ask

As your kids are talking, they will likely have questions for you. It is important that you answer these questions as honestly as possible. If you do not know the answer to a question, be honest and tell them that you don’t know but you will try to find out. Also be sure to answer the specific question/s they are asking, rather than answering a question you wish they would ask or think they should ask.

Be Gentle with Yourself

Remember that it is okay to not have all the answers. Divorce is a confusing and difficult time for everyone involved, and it is important to give your children the space to express their own emotions. Listen more than you talk, and be there for them when they need to talk or just need a hug.

No one ever wants to think about divorce, but it happens all the time. In fact, according to the most recent statistics from the United States Census Bureau, nearly half of all marriages in this country will end in divorce. If you are a parent or guardian who is facing this difficult situation, you may be wondering how to talk to your kids about it. It can be hard to know what to say and how to say it – after all, you don’t want to make things worse for them. But it is important for children to understand what is happening in their family, and they deserve honest answers from their parents or guardians.

If you need assistance with any legal aspects of your divorce, our team at The Ohiku Law Office can help. We understand how difficult this time can be, and we are here to help you every step of the way. Contact us today to schedule a consultation.

When you’re getting a divorce, the last thing you want to worry about is how to find a good lawyer. You have enough on your plate as it is. However, finding the right Milwaukee divorce lawyer for your high net worth divorce is crucial. Not all lawyers are created equal, and you need one who understands the complexities of a high net worth divorce. In this blog post, we’ll discuss what to look for in a Milwaukee divorce lawyer and why it’s so important to choose wisely.

At The Ohiku Law Office, Attorney Odalo Ohiku and team help people just like you navigate the complexities of high net worth divorce. Learn more about our Milwaukee divorce lawyer services, child custody/placement, and dispute resolution.

If you’re getting a divorce, the first thing you need to do is find a good lawyer. This may seem like an obvious statement, but not all lawyers are created equal. You need to find one who understands the complexities of a high net worth divorce and can help you navigate the process. Here are some things to look for in a Milwaukee divorce lawyer:

• Someone who understand how to handle high net worth divorces. The more asset a couple has, the more complex a divorce can become. If you have significant assets, own a business together, or have a complex financial portfolio, you need an attorney with the capacity to understand your situation and work for the best possible outcome for you and your family. This includes understanding the assets involved and how to divide them fairly. The right divorce lawyer for you will have extensive experience handling high net worth divorce cases.

• Someone who understands local laws. This is important because divorce laws vary from state to state. You need a lawyer who knows the ins and outs of Wisconsin divorce law, particularly as it relates to high net worth divorces. Wisconsin is a marital property state, meaning assets and debts acquired during a marriage are split down the middle during divorce. However, there are many nuances to this law and the right divorce lawyer will be able to help you understand what Wisconsin divorce law means for you and the best path forward to meet your goals.

• Someone who has experience in the type of divorce you’re looking for. This could be a contested divorce, an uncontested divorce, or a collaborative divorce. Make sure your lawyer has experience with the type of divorce you’re seeking. If you’re not sure what type of divorce is right for you, contact The Ohiku Law Office for answers to your questions today.

• Someone experienced in alternative dispute resolution, if applicable. This is important if you’re hoping to avoid a trial. If you’re looking for a more collaborative approach to divorce and are hoping to stay out of a courtroom, the right divorce attorney should be experienced in mediation and other forms of alternative dispute resolution and can help you understand what is right for you.

• Someone experienced in child custody and placement, if applicable. If you have children, you need a lawyer who knows how to protect your parental rights and ensure that the custody arrangement is in the best interests of the children. The right lawyer for you will not only have experience in child custody and placement in divorce cases, but have the compassion to understand the emotions and stresses that can rise to the surface when children are involved in divorce. Your lawyer should be a reassuring presence when it comes to these issues.

• Someone who works collaboratively with the courts, judges, and other attorneys. This is important because it shows that the lawyer has a good working relationship with the people involved in divorce proceedings. You want a lawyer who emphasizes that they are there to work with the other parties involved in the proceedings, rather than against them. This will help ensure the divorce proceedings are as smooth and stress-free for you as possible.

• Someone who understands and shares your goals. While you do want a Milwaukee divorce lawyer who will be collaborative rather than combative with the other parties involved in your divorce, they should be on your team first and foremost. The right lawyer for you will take time to understand your goals for your divorce, and do whatever they can to ensure a positive outcome for you and your family.

• Someone who is compassionate and conscientious of your situation. Getting a divorce is a difficult and emotional time, and the last thing you need is a lawyer who doesn’t listen to you or doesn’t give you the time, space, and resources you need to get through it. You need a lawyer who will be understanding and sensitive to your needs. At The Ohiku Law Office, we take a client-first approach to our practice – learn more about our Milwaukee divorce attorney services.

When you’re getting a divorce, the last thing you want to worry about is finding the right lawyer. You have enough on your plate as it is. But if you have a high net worth, choosing the wrong lawyer could end up costing you a lot of money in the long run. Choosing the right Milwaukee divorce lawyer is crucial to the success of your divorce. Take your time and choose wisely. With the right lawyer on your side, you can rest assured that you’re in good hands.

For questions or to find out if The Ohiku Law Office can help with your divorce, contact us today.

When you’re getting a divorce and have a high net worth, it’s important to avoid making certain common mistakes. Trying to hide assets, not getting a professional valuation of assets, spending too much money, not protecting your mental health, and not hiring a divorce lawyer are some of the biggest mistakes people make during high net worth divorces. By avoiding these mistakes, you can make the process easier on yourself and ensure that you come out of the divorce with what is rightfully yours.

If you’re in need of an experienced Milwaukee divorce attorney who has experience helping high net worth clients, contact Ohiku Law Office today.

Avoid these Common Divorce Mistakes: 

Hiding Assets

Hiding assets is one of the most common mistakes people make during a high net worth divorce. If you try to hide assets, your spouse and/or the courts will likely find out and it will only make the divorce more difficult. You could also face fines and punishment for hiding assets during divorce. The best thing you can do during the process of divorce is to be honest and open. This will make the process go much more quickly and allow you the peace of mind of knowing you are doing the right thing.

If you’re concerned about certain assets, a divorce attorney can help you create a plan.

Neglecting a Professional Valuation of Assets

Not getting a professional valuation of your assets is another common mistake. You need to know what your assets are worth so you and/or the courts can determine how to divide them fairly. You may also be surprised at the value of your assets, so it’s important to have a thorough and up-to-date understanding of what you own so you know how to proceed.

If you’re wondering how to get a professional valuation of your assets, an experienced Milwaukee divorce attorney can help you identify and hire a professional who can help with this process.

Spending Too Much Money

Spending too much money during the divorce process is also a mistake. Many people try to spend as much money as possible in order to spite their ex, but this usually backfires. Not only will you end up going into debt, but it will also make it harder to divide your assets fairly.

Instead, the best thing you can do during divorce in regards to spending is to tread carefully. Keep a record of your expenditures and avoid making large or lavish purchases until the divorce is complete. Working with a financial advisor is a good idea during this time, particularly if you have significant assets to keep track of.

Forgetting to Protect Your Mental Health

Protecting your mental health is important during any divorce, but it’s especially important during a high net worth divorce. This type of divorce can be very stressful, so make sure you take care of yourself.

Strategies for protecting your mental health during this often stressful time include: talking to a licensed therapist or counselor; getting enough exercise; eating a balanced and nutritious diet; getting enough quality sleep; and spending time with friends and family. If you have children, it’s also important to encourage them to practice these healthy habits as well, since divorce can be stressful for them, too.

Not Hiring a Divorce Lawyer

Many people try to handle a high net worth divorce on their own, but this is a mistake. A divorce lawyer can help you protect your assets and ensure that you get what you deserve. A divorce attorney can also help you ensure you don’t make costly mistakes that will slow down the process or prevent you from reaching your goals. Finally, the right divorce attorney has experience in all aspects of divorce, from arbitration to mediation to contested divorce to child custody and placement.

If you are considering a high net worth divorce in Wisconsin, it is important to avoid making common mistakes. Trying to hide assets, not getting a professional valuation of assets, spending too much money, not protecting your mental health, and not hiring a divorce lawyer are all mistakes that can cost you time and money during your divorce. By hiring a Milwaukee divorce attorney with experience helping high net worth clients, you can protect yourself and ensure that your divorce goes as smoothly as possible. If you’re getting a divorce and live in Milwaukee or a nearby community, contact Ohiku Law Office today. Our experienced Milwaukee divorce attorneys can help you through every step of the process. Contact us today to schedule a consultation.

When it comes to divorce, having an excellent Milwaukee divorce attorney on your side is key. At the Ohiku Law Office, we pride ourselves on providing compassionate, client-centered care combined with outstanding legal expertise. Our team of attorneys, led by Odalo J. Ohiku, has years of experience helping high net worth clients just like you navigate the complex journey of divorce.

We understand that divorce can be extremely difficult for you and your family, and we are here to help you every step of the way. We do everything we can to ensure you, your family, and your assets are protected during divorce. Contact us today with questions and keep reading to learn more about how the Ohiku Law team can support you and your family.

The Three Cs of Exceptional Client Care :

Compassion

Each and every team member at Ohiku Law understands that divorce is a difficult journey for you and your family. Divorce is so much more than just a legal process; it means big changes for your family and often comes with a lot of emotions, tears, stress, and anxiety for everyone involved.

At Ohiku Law, our focus is on providing excellent legal support that comes from a place of compassion for the difficulties our clients are experiencing. Divorce is always tough, and divorce among high net worth individuals can become even tougher. We know there are days you may not be able to process a lot of complex legal jargon and information, or may need a little extra time to take care of your family.

The team at Ohiku Law is here to support you in whatever way makes the most sense for you and your family. We offer expert dispute resolution services, advice on child custody and placement, and more. We can provide a listening ear, answer questions, and offer advice on helping your family navigate divorce. Our team will provide the compassion and understanding you need during this difficult time. Learn more about our Milwaukee divorce attorney services.

Collaboration

At the end of the day, high net worth divorce is truly a collaboration between multiple parties – spouses, children, attorneys, judges, and others. We all win when everyone comes to the table willing to peacefully and openly collaborate on solutions. Divorce comes with a lot of emotions and stress, factors that can easily cause contention and conflict. The best attorneys keep their cool in the face of pressure and help to balance competing emotions to focus on the goals of the client. We know things can get heated; we are here to help move the process forward in a calm, collaborative way.

At the Ohiku Law Office, we know a spirit of collaboration makes the divorce process run much more smoothly. We will work with all parties involved to ensure that everyone’s needs are met, including those of your children. Learn more about our child custody and placement services and our dispute resolution strategies.

Client-Centered Care

The client comes first at Ohiku Law. Our focus is on you and your needs. We will work with you to create a divorce plan that meets your unique needs and objectives and guide you every step of the way.  The best Milwaukee divorce attorney will be a true partner and advocate for you; we want to help you achieve the best possible outcome for yourself and your family.

The attorneys at Ohiku Law have years of experience helping high net worth individuals navigate the complex journey of divorce. We understand that each client’s case is unique and requires a tailored approach. Our team will work with you every step of the way to ensure that you are kept informed and feel confident in our ability to represent your interests effectively.

If you are considering divorce, or have already started the process, contact the Ohiku Law Office today. We can help you navigate this complex journey and provide the exceptional legal expertise and client care you need during this difficult time. Call us at (414) 287-0088 or visit our website to schedule a consultation. Proudly offering Milwaukee divorce attorney services, child custody and placement, dispute resolution, and more.