| Nelson, Krueger & Millenbach, LLC

What is forensic accounting?

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Monday, March 16, 2020.

Most of us have never heard the phrase forensic accounting. To the uninitiated it sounds like something taken from the script of a TV show such as CSI or Law & Order. But forensic accounting is actually quite common when it comes to divorces where one spouse may be hiding assets.

Forensic accounting is accounting that delves deeper and follows paper trails to find where they lead. A forensic accountant might be called a “financial detective” because of the skill, experience and knowledge required to “sniff out” assets or money that may otherwise be hidden.

What happens if parents cannot agree on a placement schedule?

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Wednesday, January 22, 2020.

The children are usually the most important issue for most divorcing parents. As a loving mother or father, you want to do everything possible to protect your relationship with each child. One significant factor in this is the physical placement schedule, which outlines when each parent has the right to be with the child and make daily, routine decisions about their life.

So what happens if two parents cannot reach a physical placement agreement on their own?

Understanding ‘Contempt’ For Failing To Follow Family Court Orders

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Monday, January 6, 2020.

Any family law issue comes with anxiety, tensions and emotions. Obtaining a court order may help to provide some closure and allow individuals to move forward to a new life. However, if the other party refuses to comply with an existing order, it can be difficult to know what to do to remedy the situation.

If a party subject to an existing order intentionally fails to comply with the terms of the order, you may be able to file a motion to have the person found in contempt of court. The purpose of a finding of contempt is to help ensure that the other party will become current or otherwise comply with the family court order. The court may also impose financial sanctions, jail time and attorney fees.

The basics of valuating a business during divorce

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Thursday, September 26, 2019.

One of the potentially most complex aspects of any divorce is determining exactly what to do with a business. In Wisconsin, a community property state, the courts will try to divide all marital assets equally between the separating spouses. But how do you do that with a business – an asset that is constantly changing?

The first step is to figure out just how much the business is worth. Here’s a brief overview of how that happens.

How a life insurance policy can protect children after divorce

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Monday, August 26, 2019.

When parents decide to pursue a divorce, both want to do what’s best for their children. Oftentimes people think of custody agreements or child support when considering what the child might need.

Yet there are ways to offer stability for minor children beyond those options, while accounting for one potential, tragic outcome: the death of a parent. And that’s through a life insurance policy.

What might happen to the beloved family pet during divorce?

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Tuesday, July 30, 2019.

Millions of American families are pet owners. Whether it be a dog, cat, bird, guinea pig, fish, chicken, iguana or another type of animal, these pets are often treated with the same love and respect as any other family member.

When it comes to divorce however, the law does not necessarily view those beloved companions the same way.

Checklist: 4 financial steps to take prior to a divorce filing

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Tuesday, April 30, 2019.

You have reached the conclusion that your marriage is over and you are considering filing for divorce. You may want to act quickly, or, you may be lost and confused. This is a huge step in your life, and it's going to impact you for years to come. That's not something you want to rush through, risking mistakes. And, you also want to take certain steps to insure a positive result for your future after your divorce. Here are a few important tips in terms of financial steps to take to prepare for your divorce:

The value of having an appraiser in your high asset divorce

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Wednesday, March 6, 2019.

When you own assets of high net worth, the property division process will often be the most challenging aspect of your divorce. Not only do you and your spouse have to determine how your assets are divided, but also the value of each asset in question. You may be one of many people currently going through a divorce, and you may be having a hard time agreeing with your spouse on the value of your property. When disputes arise, you may need to turn to the expertise of an appraiser who can help determine the true value of your assets through an unbiased lens.

What Are The Benefits Of Divorce Mediation?

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Wednesday, January 16, 2019.

Going through divorce can be a complicated, stressful, and costly process. Some couples, however, choose to work with a third-party neutral to help resolve disputes, alleviate stress, and reduce the expense of court litigation. This process is called divorce mediation. Many couples who choose to resolve their divorce differences through divorce mediation find the process to be empowering. Divorce mediation is an alternative form of dispute resolution that allows divorcing spouses to retain a strong voice in the outcome of their divorce settlement by agreeing in advance to attempt to resolve all issues in their divorce outside of court and with the assistance of a neutral divorce mediator.

Potential issues that may be resolved through divorce mediation are not confined to a specific area. A qualified, certified neutral divorce mediator can guide couples toward resolving complex issues related to:

Handling The Holidays When Parents Have Family Law Issues

On behalf of Alison Krueger of Nelson, Krueger & Millenbach, LLC on Tuesday, October 30, 2018.

Managing holiday schedules can be cumbersome for any parent. When parents of minor children are facing family law issues or divorce, scheduling family gatherings during the holidays is often more complicated. In divorce, courts focus on the best interests of the children to determine child custody and placement matters.

It may be difficult for parents who are at odds with each other to apply that standard in the way that courts do during a contentious divorce. Focusing on the children, however, in making holiday arrangements, instead of focusing on parental disputes, may provide a positive framework for easing strains in scheduling holiday events. Here are some tips parents may use to help keep the peace during the holidays: