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property division

Recent Posts in property division Category

  • WHAT WILL HAPPEN TO YOUR VACATION HOME DURING DIVORCE?

    When contemplating a divorce involving highly-valued assets such as a vacation home, you may feel overwhelmed. Monetary considerations, the property division process and complex financial issues are stressful, and so is emotional impact of the split. An experienced divorce attorney will advise you to strive for fairness and objectivity when making decisions about your vacation property that will ...
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  • $1 MILLION IN SHOES SUBJECT OF PROPERTY DIVISION SUIT

    When a couple divorces in Washington, their retirement assets are considered community property. Even if one spouse earned all of the money in a 401(k) or pension, the law presumes that the couple shares these assets. While the law calls for equitable distribution of all community property, it is important to work with an attorney throughout the process to ensure that your rights and interests are ...
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  • FOUR THINGS TO KNOW IF YOUR SPOUSE OWNS A PROFESSIONAL PRACTICE

    Fairly dividing marital property is a challenge in all high-asset divorces. However, if your spouse owns a medical practice, dental practice, law practice or accounting practice, making sure you receive your fair share is essential. Here are four things you need to know to protect your financial interests during divorce: The fair market value of the business - An Avvo article on business ...
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  • THE QDRO: AN ESSENTIAL PART OF THE ASSET DIVISION PROCESS

    A qualified domestic relations order (QDRO) allows retirement benefits to be transferred from one spouse to the other without triggering significant tax penalties. This is particularly useful in high-asset divorces, where retirement assets accrued during the marriage are considered community property under Washington law. This means that during divorce, these assets must be divided fairly between ...
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  • STOCK OPTIONS COULD COMPLICATE WASHINGTON PROPERTY DIVISION

    When it comes to divorce, divvying up property can be stressful and sometimes complicated. Depending on the types of property involved, Washington residents may need assistance in determining who may be entitled to what during the property division process. Because not all property and assets are physical, it is important that parties understand how certain assets should be handled. Some couples ...
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  • PROPERTY DIVISION PREPARATION COULD HELP WASHINGTON RESIDENTS

    When it comes to Washington state residents seeking divorce, being knowledgeable about the situation may prove to be helpful. There are various areas to be addressed, such as property division, that separating couples will need to take care of. Therefore, taking the time to assess the situation fully could lead to an easier process and parties being more comfortable with the outcomes. Over the ...
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  • WASHINGTON COUPLES MAY WISH TO PLAN FOR PROPERTY DIVISION

    After a Washington couple gets engaged, it may seem like there is little time to enjoy the occasion before important decisions must be made. Those decisions can range from where to have the wedding to how to handle property division in case of a divorce. While wedding planning can be an enjoyable experience, it is important to take care of legal matters such as prenuptial agreements as well. When ...
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  • PETS COULD BE CONSIDERED PART OF PROPERTY DIVISION IN WASHINGTON

    When couples decide to divorce, ownership of pets may become an issue. Some individuals may wish for proceedings to be handled more similarly to child custody rather than property division , but it is more likely to be handled as the latter as pets are not children. Washington state pet owners may beg to differ, but laws concerning the issue must be upheld. In many cases where animals are part of ...
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  • WASHINGTON HOMES OFTEN AT STAKE DURING PROPERTY DIVISION

    The many proceedings that come along with the divorce process can be intimidating for many Washington state residents. Property division can often cause an upset between parties if they do not entirely agree on who is entitled to what pieces of property. If the division process cannot be handled without third party assistance, court decisions may have a say in who ends up with what assets after a ...
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  • PROPERTY DIVISION TENSION COULD LESSEN WITH PRENUPTIAL AGREEMENTS

    To some Washington residents, making preparations before a wedding in the event that a divorce could later take place may seem like a bad omen. However, having legal documents already drawn up concerning property division and other possible future proceedings could save much time and stress if the situation does present itself. As divorce has become a fairly common event and as the economy ...
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  • COULD WASHINGTON COUPLES CATCH THE DIVORCE BUG?

    When a couple decides to separate, it can be for any number of reasons. It has come into question through a recent study, however, whether divorce could be considered "contagious," as couples who have divorced friends are statistically more likely to become divorced themselves. If these statistics are considered to hold significant weight, Washington couples could find themselves reconsidering ...
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  • FERTILITY OPTIONS COULD LEAD TO FAMILY LAW ISSUES IN WASHINGTON

    Becoming parents is a joyful experience for many Washington couples. Some couples are able to have children naturally while others may have to take advantage of fertility treatments and options. In either case, children resulting from a union are subject to custody debates should a couple choose to divorce. However, in the cases of some fertility precautions, other family law issues could arise ...
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  • WASHINGTON CATERS TO COMMUNITY PROPERTY DURING PROPERTY DIVISION

    When a couple chooses to divorce, they know that many aspects and decisions will have to be considered when going through the process. Dealing with child custody and property division are just two categories that they may have to delve into as part of their separation. What they may not consider, however, is how their location could play a role in their divorce. It is important to understand that ...
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  • PROBLEMS PERSIST AFTER WASHINGTON PROPERTY DIVISION NEGOTIATED

    Anyone that has been through a divorce knows property division is an important issue. A Washington woman knows just how tough as she is going through a divorce with her husband of almost 20 years. Even though she ended up with title to the marital home through property division negotiations, problems linger with her ex over access to the home. While the two teenage kids, dad stops by the house ...
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  • WASHINGTON DIVORCE CAN BE AMICABLE AND COLLABORATIVE

    Washington readers know that it can be difficult for any couple to decide to end their marriage. In many cases, spouses seek to make their divorce as amicable as possible, which may help when it comes to negotiating a settlement. This may be the intent of a celebrity couple that has announced their decision to divorce. Reports indicate that actress Ashley Judd and her race car driver husband, ...
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  • LOSS OF MEDICAL INSURANCE A CHALLENGE IN WASHINGTON DIVORCE

    Many women in Washington know that among the impacts that a divorce can have on an individual is the loss of medical insurance. In fact, one recent study reports that more women suffer such an insurance loss than men hen a marriage ends in divorce. This loss can lead to financial difficulties for a woman, and many turn to Medicaid for help. According to the report, the federal Medicaid program ...
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  • DIVORCE FOR OLDER ADULTS INCREASING IN WASHINGTON

    Readers in Washington may be surprised to learn that the divorce rate for those who are over the age of 50 is rising. In 2010, one in four couples that filed for a divorce numbered among the older generations. This increase may be due in part to the fact that the population of our country is aging. The increased longevity of the general population is a factor in many older individuals choosing to ...
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  • FINANCIAL TIPS FOR SEATTLE COUPLES IN DIVORCE

    Every Seattle couple considering divorce likely knows that their finances will be affected as they work through the process of dissolving their marriage. What may not be as well known is exactly how this happens, as well as the high cost of making mistakes in the divorce process. In order to help these couples, one expert has compiled a short list of tips that will help couples avoid making vital ...
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  • PROPERTY DIVISION IN WASHINGTON DIVORCE EASED BY PROPER PLANNING

    Though it may seem like a negative for some in Washington, planning for a divorce while still happily married may pay off in the end. Ten percent of marriages fail in the first 5 years and about another 25 percent will not see their 10th anniversary, according to reports from the U.S. Census Bureau. With this in mind, authorities suggest that even prior to marriage, spouses should work to ensure ...
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  • PROPERTY DIVISION MISTAKE DENIED BY COURT

    Property division is a contentious issue in many Washington divorce cases. In these dissolution matters, a couple must first work to determine the value of a marital estate. Once the value is determined, a property division that is fair and equitable can be determined. Reviewing all of their assets can be of assistance to a couple as the settlement agreement is negotiated. These assets typically ...
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