When couples decide to end their marriage, the division of marital assets becomes a key aspect of the process. Inherited property often raises questions about its inclusion in this division. Inclusion of inherited property In Washington, inherited property is...
property division
What happens to the family cabin after divorce?
Divorce is a life-altering event that often involves the difficult task of dividing shared assets. For many families, the family cabin is a cherished possession with a deep history of shared memories. When couples decide to part ways, the fate of the family cabin...
Understanding separate vs. community property in Washington
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...
Busting myths about property division in a Washington divorce
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...
Community property division in Washington
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....
Who qualifies for an ex-spouse’s Social Security in a divorce?
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...
What are the factors the court considers when making property division decisions?
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...
How can I avoid taxes when splitting an IRA?
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...
What are possible costs of keeping a marital home?
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...
Consider your timelines when dividing property in a CIR
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...