September

McKinley Irvin Blogs from September 2020

  • Obtaining Financial Independence After Divorce

    Obtaining Financial Independence After Divorce A divorce can unravel both spouses’ finances for many reasons, which is why it is important to take control of your money after your marriage ends. Below, we discuss strategies for managing finances after a divorce is finalized. Examine & Understand Your Financial Position If you plan to support yourself and maintain financial independence, you need to have a clear understanding of your personal finances. Start by looking at your tax returns, bank and retirement statements, and any investment accounts you have. Knowing these ...
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  • Is Washington a Community Property State?

    Is Washington a Community Property State? When a couple gets divorced in Washington, the courts will take a community property approach to divide their assets. Under community property law, all of the items the divorcing parties acquired during their marriage will be considered marital property, which will then be split equally among them. In Washington, community property generally includes the following: The income both parties earned during the marriage. This includes retirement benefits, interest earned on investments, capital gains, and other assets. Property ...
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  • Is It Possible to Have an Amicable Divorce?

    Is It Possible to Have an Amicable Divorce? When couples decide to divorce and part ways, the transition can be more difficult if the divorcing parties let their emotions get the best of them. Couples who engage in highly contested disputes during their divorces often end up spending significantly more money. Below, we explain a strategy that divorcing couples can take advantage of if they want to have an amicable divorce. Consider Using a Mediator If you want to avoid the hassle and cost of going to court to have a judge settle your disputes, then you should consider ...
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  • How Co-Parents Can Make Online & Distanced Learning Beneficial for Children

    How Co-Parents Can Make Online & Distanced Learning Beneficial for Children Parents all over Washington are scrambling to get their kids ready to return to school this fall. With the pandemic still looming over our lives, many co-parents are finding the transition to online and distanced learning a major challenge. Although this might all seem new and confusing to you, teachers and educators have been using their limited free time to prepare for some of the challenges their students might encounter. Keep reading to learn how you and your co-parent can support your children in their academic pursuits ...
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