April

McKinley Irvin Blogs from April 2024

  • Child Custody & Religion

    Child Custody & Religion Religion can be a significant factor in a child's upbringing, often influencing their values, behaviors, and worldview. In Washington State's diverse landscape, parents may come from various religious backgrounds, each with its own set of traditions, practices, and holidays. This diversity can present challenges when creating parenting plans following a separation or divorce. According to RCW 26.09.184, the parenting plan shall specify how decision-making authority is allocated between the parents regarding the children's ...
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  • Common Issues in a High-Asset Divorce

    Common Issues in a High-Asset Divorce When a marriage ends, dividing assets and reaching a fair settlement can be challenging. But for couples with a high net worth, the stakes are even higher. A high-asset divorce is typically one where the combined value of the marital property exceeds a certain threshold, often around $5 million, though it can vary depending on location, types of assets, and specific circumstances. These divorces involve unique complexities that require careful consideration and strategic planning. Here's why high-asset divorces are different ...
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  • What to Know About Child Support & Taxes in Washington State

    What to Know About Child Support & Taxes in Washington State In Washington state, child support is designed to financially assist with raising children after separation or divorce. But how does it impact taxes? Child Support Is Not Taxable Child support is considered a transfer of resources between parents, not income for the receiving parent. This means the IRS doesn't see it as taxable income. The custodial parent can still claim the child as a dependent on their tax return. This can translate to tax benefits like the Child Tax Credit, offering additional financial support for ...
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  • McKinley Irvin in Forbes: Committed to Clients

    McKinley Irvin in Forbes: Committed to Clients McKinley Irvin appeared in the April 2024 issue of Forbes magazine “Fortune & Forbes” section. The interview featured McKinley Irvin CEO and founding partner Rita Herrera Irvin, and the firm’s innovative approach to family law. Read the article here:
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