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...
property division
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...
How can I protect my bank account during divorce?
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,...
4 financial steps to prepare for divorce
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,...
Is your spouse hiding assets digitally?
The influx of digital frontier expansion has created waves in almost every single aspect of life for citizens in the country. This goes for everything from how people work to how they socialize. It even goes for how people attempt to hide assets when going through a...
What is financial infidelity?
When most people think about infidelity in divorce, it often ties to the state of a couple's interpersonal relationship and involves the possibility of cheating on one's spouse with another person. However, infidelity can come in many forms, including financial....
Is your ex-partner entitled to your property?
Though Washington is one of many states that no longer recognizes common-law marriages, it does recognize “marriage-like” relationships. State law refers to these relationships as “Committed Intimate Relationships.” In Washington, if the courts consider your...
Dividing property when unmarried couples end a relationship
Washington state judges recognize that when a committed intimate relationship leads to cohabitation, the couples often acquire valuable assets together. As noted by the Seattle Times, unmarried couples contributed 16% toward first-time home purchases in 2017 based on...
Is your spouse hiding assets?
Going through divorce is already a difficult process. Unfortunately, your spouse will not always make it any easier on you. In fact, some may take advantage of the chaos of a divorce to try furthering their own goals. Such is often the reason a spouse may try to hide...