Bellevue Office

Recent Posts in the Bellevue Office Category

  • What To Do If You Suspect Your Spouse Is Hiding Assets

    What To Do If You Suspect Your Spouse Is Hiding Assets Financial dishonesty within marriages is not a rarity. Indeed, the National Endowment for Financial Education reports that approximately 43% of adults have admitted to financial infidelity, which involves a party in a relationship intentionally deceiving their partner about money. This can include hiding debts, making major purchases without discussing them, or even having secret bank accounts. Even if a spouse does not breach trust and lie about their assets or debts in a marriage, they may do so during their divorce, which ...
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  • Why Consider Divorce Mediation?

    Why Consider Divorce Mediation? Divorce is a complex and emotionally charged process. However, for divorcing couples seeking an amicable and cost-effective resolution, divorce mediation offers a compelling alternative to traditional litigation. A neutral third party, the mediator, facilitates communication and guides couples in working towards mutually agreeable settlements on key issues such as child custody, spousal support, and asset division. Is Mediation Required for Divorce in Washington State? While state law does not require couples to attend ...
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  • How Divorce Can Affect Your Retirement

    How Divorce Can Affect Your Retirement Divorce doesn't merely alter your current life circumstances; it can also significantly reshape your long-term financial outlook, especially when it comes to retirement savings. In Washington state, this is primarily due to the community property laws that mandate an equal division of marital assets, including retirement accounts such as IRAs, Roth IRAs, 401K and 403K plans, employee stock options, and Employee Retirement Income Security Act (ERISA) funds. Understanding the Division of Retirement Plans 401(k) plans and ...
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  • What Happens If a Spouse Won’t Sign Divorce Papers?

    What Happens If a Spouse Won’t Sign Divorce Papers? Can Your Partner Refuse to Sign Divorce Papers? Yes. Your spouse can refuse to sign. In some cases, they may not agree to the terms you have set forth and may wish to pursue a contested divorce. In other cases, they may simply fail to respond to your petition for divorce altogether. In the event of a refusal to sign or respond, however, you still have options to proceed with a divorce. Uncontested vs. Contested Divorce An uncontested divorce is one where both parties agree on all matters related to the dissolution of their ...
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  • 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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