Washington Lawyers Dividing Property And Assets In Divorce

During your relationship, you and your partner worked hard to create financial stability. As a result, you have blended assets and property. Dividing those assets can create difficulty when a relationship ends. Below are some important things to know as you move forward after divorce.

Our firm’s team has more than 75 years of combined experience and hundreds of satisfied clients. Work with our proven attorneys at Nunn Vhan & Lang, PLLC, to protect your best interests in asset division​. Start your case by calling us at 425-258-6860 and scheduling your first appointment.

Community Property Is Subject To Division

In Washington, community property is the income, property and debt you and your spouse acquire during your marriage, and since it is considered to belong equally to you both, it is meant to be divided in a fair and equitable manner in a divorce. Either you or your spouse may also have separate property, which is property acquired prior to marriage, inherited or gifted, or obtained through a personal injury settlement. These assets are not typically subject to asset division. However, the court has jurisdiction over all property. It is essential to protect yourself when your marriage ends.

Property Valuation Is Key

For many people who own complicated assets, like investments, retirement accounts, trusts and businesses, the most difficult issue is establishing that asset’s worth. Our lawyers can help you obtain accurate business and property evaluations, and we can use forensic techniques to determine if assets are fully accounted for or are missing from your division.

What If We Never Married?

Marriage is not always a requirement. In Washington, a “committed intimate relationship” may be eligible for community property divisions if you and your partner have lived together for an extended period of time. This will require you to be able to prove the nature of the relationship. Call us to discuss how to financially separate assets acquired during a committed intimate relationship.

Do Not Put Off Asking For Help

Your future depends on making good decisions now. Your finances are going to change, but you can make wise decisions that protect you. Our firm works with clients in Everett and across western Washington to help them prioritize their wants and needs, even in the most difficult legal situations. To schedule an initial consultation, call 425-258-6860 or contact us online.