McKinley Irvin Blogs from October 2016

  • Divorce Trend: The Seasonality of Divorce

    Divorce Trend: The Seasonality of Divorce Is divorce seasonal? New research from sociologists at the University of Washington has found patterns suggesting that in many cases, it is. Sociology professor Julie Brines and doctoral candidate Brian Serafini believe that they have found the first quantitative evidence of a seasonal, biannual pattern of filings for divorce. The results of the study suggest that divorce filings consistently peaked in March and August after winter and summer holidays, reflecting what they call a “domestic ritual” calendar surrounding family ...
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  • How a Divorce Can Impact Your 401(k) and Retirement Planning

    How a Divorce Can Impact Your 401(k) and Retirement Planning Most people are aware that when a couple divorces, they must decide what to do with their home and divvy up the bank accounts and other assets accumulated throughout the marriage. But did you know that your 401(k), pensions, and other retirement accounts are considered assets that may also be subject to division? Below we have identified some common questions about what happens to these accounts during a divorce. How are 401(k) and IRA Accounts Split During a Divorce? Retirement accounts that include money that was earned ...
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  • Am I Liable for My Ex-Spouse's Debts?

    Am I Liable for My Ex-Spouse's Debts? Property division can be one of the most confusing and challenging parts of a divorce, especially when there are significant assets or debts involved. While most people are aware that items of value are divisible in a divorce, some fail to consider that debts must also be reassigned. In this blog, we’ll explain the basics of division of assets and debts. Debts are divided in the same manner as assets. Washington is a community property state, which means that all property acquired and income earned during a marriage belongs ...
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