One issue that sometimes comes up in divorce cases is the dissipation of marital assets. This is different from hiding assets. It generally means that one spouse has been intentionally spending money in a way that deprives their ex of their fair share during property...
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Property Division
Do you have to give the ring back?
Your significant other gives you a $10,000 wedding ring. It’s a significant expense, but at the time, you both feel it’s worth it. You get married and stay together for the next 10 years. However, you then decide to divorce and end your marriage. Your spouse tells you...
How do you divide agricultural assets in divorce?
Dividing assets in divorce is challenging in itself, but agricultural properties can add layers to its complexity. Family farms aren't just assets. They're livelihoods, legacies and often multi-generational businesses. Understanding the unique considerations and steps...
What will happen to my 401(k) after divorce?
Divorce can significantly impact your financial landscape. One of the major considerations is the division of retirement assets such as a 401(k). In Washington state, the division of a 401(k) in a divorce is subject to specific rules aimed at equitable distribution. ...
Why do spouses hide assets during divorce?
It is not uncommon for spouses to conceal assets during a divorce. This could take the form of hiding cash, underreporting income, transferring assets to third parties or failing to disclose property or investments. Spouses hide assets for various reasons, often...
3 credit card debts that may not be divisible during divorce
Economic concerns often dominate discussions about divorce proceedings. People may worry about what divorce might cost and about the process of dividing their property and financial obligations. This is understandable, as property division can be very unpredictable,...
Navigating property division in a divorce
One of the significant aspects Washington couples have to deal with in divorce is property division, which entails dividing assets and liabilities between spouses. Property division can be a contentious issue, but understanding the principles and approaches can help...
What’s the difference between a mortgage appraisal and a divorce appraisal?
During the divorce process, one of the most important assets is the marital home. Because of that, it's important to ensure you have an appraisal for this Washington property. An appraisal lets a divorcing couple know how much the home they shared is worth. To solve...
Dividing debt in a divorce
When two spouses file for divorce, asset distribution becomes a prominent aspect of negotiations. While divorcing Washington spouses may be wise to focus on property division and child or spousal support, neither party can take their eyes away from any accumulated...
Property division after a common law marriage
Common law marriage is a term that is used by many people in Washington state who have lived together for many years without being formally married. Even though judges will attempt to make a major issue about individuals separating and wanting a divorce as though it...