When couples in Washington state divorce, they must agree on division of property. During the negotiation, you should establish the difference between separate property and community property. Understanding what constitutes shared marital property helps inform an...
If you are going through a divorce in Washington State, dividing your marital property is likely one of your top concerns. It can be confusing and challenging, especially with several common misconceptions clouding the process. Gaining clarity on the most common myths...
Dividing community property in Washington falls under the umbrella of "equitable and just distribution." The Evergreen State is a community property state. Simply put, the court has the authority to divide assets between soon-to-be exes, which is considered fair....
Many Washington residents working their way through divorces are unaware that the length of their marriage may make them eligible to collect Social Security retirement benefits using the earnings histories of their former spouses. Yet, this is an option for many...
In a divorce, one of the biggest decisions is the division of assets and debt. Many couples struggle to come to an agreement outside of court. If you and your spouse cannot agree on all factors of the property division, then a judge will decide for you according to...
Given that your IRA may be crucial to your retirement, every cent will probably count when it comes to dividing the account with your spouse in your divorce. You should not lose more money than necessary from tapping into your IRA to satisfy a property division. It is...
You and your spouse might have differing views on your marital home with your divorce looming. While your ex may want to give up the property, you still attach fond memories to your home and do not wish to leave. Still, you should know if you can afford the home if...
Washington allows couples who commit themselves to a relationship long enough to divide property as if they were divorcing when they break up, despite lacking a marriage certificate. This depends on the exact circumstances of the relationship. If you find yourself at...
You might worry about your bank account as soon as you begin divorce proceedings. The state of Washington is one of several states that equally divide up marital property. This means that even if you deposited less than half of the money into a jointly owned account,...
When you are in the midst of emotional turmoil from a divorce, it may be difficult to think about finances. However, this is something that requires some careful consideration. The budget that you and your spouse used in the past now has to support two households,...
