How your retirement accounts are divided in your divorce depends on which state you're living in, as it will be a matter of equitable distribution or community property. Washington is a community property state, so all debts and assets accrued by both parties...
Divorce
How should you handle your art collection in divorce?
Divorce is never easy in Washington or anywhere else. One complicating aspect of ending a marriage is dividing assets, which may include valuable pieces of art. There are a few things you should know about divorce and your art collection. Marital versus separate...
How to protect your interests when you divorce after 50
The divorce rate for residents of Washington who are over 50 continues to increase even while the rate, in general, remains steady. When older people divorce, the concern is often about the financial implications and the possible impact on each spouse’s retirement...
The role of forensic accounting when business owners divorce
Business owners in Washington state face a complex financial situation should they decide to divorce. Issues surrounding valuation, asset liquidity, and fair compensation for a spouse's labor frequently arise. These thorny financial questions usually call for the...
Watch your spending while going through a divorce
It's rare for people going through a divorce in Washington to avoid the occasional hurdle. Things can get even more problematic when someone with considerable assets divorces. One potential problem one or both parties can encounter in a divorce involves something...
Handling divorce when you own a medical practice
Going through a divorce is tough in Washington, no matter what the circumstances are. It can be an emotionally charged and difficult time for everyone involved. When you're a medical professional, though, there are some additional considerations to take into account...
Dealing with a high-asset divorce in Washington State
Marriage is a beautiful thing that almost anyone in Washington would love to get into, hoping it'll last their entire lives. Unfortunately, more than half of all unions end in divorce. So, if you are a high-net-worth individual, you should plan and prepare yourself...
Divorce and executive pay
Don't expect a divorce between executive employees to be entirely straightforward. Even when spouses come to an agreement about ending a marriage, large assets are complicated to divide. The larger the financial value is, the better that the account or fund might be...
Legal abuse: It may happen during the divorce process
Residents of Snohomish County, western Washington state and other parts of Washington may want to learn more about what "high conflict divorce" really is. The term is, in reality, a form of post-separation legal abuse. According to Psychology Today, this is a form of...
Dividing property and debt during a divorce in Washington
For couples who don't have a valid prenuptial agreement, property settlement agreement or community property agreement in Washington, the court decides how to divide their property and debt. Washington is a community property state, which means that all marital...