Recent Posts in the Divorce Category

• Managing Your Finances During Divorce

  Oct 21, 2024
  Divorce is a complex emotional and logistical process. Throughout the divorce process and after finalizing your divorce, it is crucial that you safeguard your financial health. Below, we discuss key steps to take control of your finances throughout the divorce process: Understanding Your Financial Situation To protect your future finances, you first need to know your current financial situation. Collect bank statements, credit card statements, investment records, pay stubs, tax returns, and mortgage statements. This ...
  Posted By McKinley Irvin
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• Misconceptions About Asset Division in Washington State

  Oct 7, 2024
  Myths About Dividing Assets in Divorce Who gets the house? What happens to the family business? And who keeps the engagement ring ? These are just a few concerns when dividing assets in a divorce. This complex process can become even more complicated if either party has misconceptions about the divorce process and Washington laws. This blog will debunk common myths and offer you the truth. Whether you're considering divorce or in the midst of it, this blog aims to equip you with the knowledge you need to make informed ...
  Posted By McKinley Irvin
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• Considerations When Selling Your Home After a Divorce

  Sep 23, 2024
  The decision to sell a family home after a divorce is a significant one, often fraught with emotional and financial implications. Several factors may influence this choice. One common reason is to liquidate assets and divide the proceeds according to the terms of the divorce agreement. This approach can provide a clean break and help both parties move forward financially. Additionally, selling the home can avoid the ongoing costs and responsibilities of maintaining a property that no longer serves as a shared living space. ...
  Posted By McKinley Irvin
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• Gifts & Community Property Laws in WA

  Sep 3, 2024
  Divorce is a complex process, and the division of assets can be particularly worrisome, especially when it comes to sentimental items like gifts. In Washington, a community property state, understanding the rules surrounding gift ownership during divorce is important. Imagine receiving a cherished gift only to face the possibility of losing it due to marital dissolution. This blog aims to provide clear and straightforward information about how gifts are treated in Washington divorces. We'll break down the legalities, explain ...
  Posted By McKinley Irvin
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• Common Gray Divorce Regrets & How To Avoid Them

  Aug 19, 2024
  The term “gray divorce” refers to the rising trend of couples over the age of 50 dissolving their long-term marriages. Late-in-life divorces are increasingly prevalent due to a confluence of factors. Greater life expectancy allows individuals to re-evaluate their happiness later in life, while societal shifts regarding gender roles and economic independence for women empower them to pursue separate paths. Also, once adult children are grown up and more independent, some couples no longer feel the same pressures to stay ...
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• Preparing for Divorce: A Quick Guide

  Aug 12, 2024
  The Importance of Preparation While divorce is an emotionally charged process, taking steps to prepare beforehand can significantly benefit you in the long run. Proactive preparation allows for a more measured approach, empowering you to make informed decisions about your future. Steps to Take When Preparing for Divorce Consider How You Wish to Proceed Seeking legal counsel early in the process is a strategically crucial first step. A divorce lawyer acts as a guide and advocate throughout the proceedings, ensuring your ...
  Posted By McKinley Irvin
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• Late Life Divorce & Its Impact on Adult Children

  Jul 26, 2024
  What Is Gray Divorce? Gray divorce, also referred to as late-life divorce, refers to the rising trend of couples divorcing after the age of 50, often after decades of marriage. This phenomenon has significant social and financial implications. Experts attribute this rise to several factors. Increased life expectancy allows couples to re-evaluate their happiness later in life. Financial independence for women, along with evolving social norms around divorce, empowers them to seek fulfillment outside an unhappy marriage. Also, ...
  Posted By McKinley Irvin
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• Disproportionate Award of Assets in a Divorce

  Jul 5, 2024
  Divorce is a complex emotional and financial undertaking. One of the most contested aspects of divorce settlements involves dividing marital assets. While a 50/50 split might seem fair on the surface, there are situations where a judge may award assets disproportionately to one spouse. What Is a Disproportionate Asset Division? Washington state is a community property state, which divides marital assets equitably between the parties. Equitable does not necessarily mean an equal, or 50/50 division. In some cases, the court ...
  Posted By McKinley Irvin
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