Spousal Support

Recent Posts in the Spousal Support Category

  • How Does Wealth Affect Divorce?

    How Does Wealth Affect Divorce? A dissolution of marriage is, in many ways, like the dissolution of a business when it comes to assets and property. The financial holdings of the divorcing couple must be identified, valued, and distributed between the parties. When a divorce involves a hefty financial portfolio, each of those steps are more time-consuming and resource-intensive, often taking years to resolve. There are even more ways in which wealth will affect the divorce process: Marital Agreements Are Often a Factor Wealthier couples are more likely to ...
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  • 3 Key Changes in the New Tax Bill That May Affect Your Divorce

    3 Key Changes in the New Tax Bill That May Affect Your Divorce By James Stensel President Trump signed the Tax Cut and Reform Bill into law on December 22, 2017, representing the biggest tax overhaul since the 1986 bill signed into law by Ronald Reagan. While all American taxpayers can expect changes to their taxes, if you are getting divorced or thinking about divorce, you should absolutely be paying attention to the following three key changes affecting divorcing parties under the 2017 bill: 1. Alimony Under the current IRS tax code, alimony (a.k.a. spousal support or spousal ...
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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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  • How Much Child Support Will I Get in Washington State?

    How Much Child Support Will I Get in Washington State? Child support in Washington State is calculated using the Washington State Child Support Schedule (WSCSS) to determine how much child support must be paid to a custodial parent each month. This schedule works a lot like an income tax table. It takes the income level of each parent into account in order to calculate a support amount that meets the needs of the child(ren). The schedule also exists to make sure that parents throughout the state either receive or pay similar amounts of support. Child support obligations are ...
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  • The 5 Most Financially Dangerous Divorce Mistakes

    The 5 Most Financially Dangerous Divorce Mistakes From determining what will happen to the family home to how much is owed in spousal support, divorcing couples have several short and long-term decisions to make that will have a significant impact on their financial futures. Unfortunately, many couples feel the need to rush through these decisions just to end their marriage as quickly as possible. This shortsightedness could lead to an unfair divorce settlement and lasting implications for the future, so it is important to take the time and get the advice necessary to ...
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  • Can I Modify or Appeal my Divorce Settlement?

    Can I Modify or Appeal my Divorce Settlement? Once you sign your divorce agreement, or after a family court has issued a judgment, it can be difficult to change the terms of your divorce. There are circumstances, however, when pursuing a modification or appeal is justified. You have the legal right to file an appeal or a motion to modify to have a component of the agreement changed. If you wish to appeal a court’s decision, you must enter a motion of appeal within 30 days of the original judgement. If you wish to pursue a modification of your divorce agreement, you can ...
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  • An Overview of the Financial Effects of Divorce

    Divorce will affect every facet of your life, including your finances. Before you file, it is important to understand how the separation will influence your financial standing. Although your personal living expenses may decrease somewhat when you and your spouse part ways, your finances will probably need time to recover — divorce still requires you to divide one household income to support two new households. Financial Factors to Consider During Divorce Researchers estimate that, in the United States, the average divorce ...
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  • How Living Together Affects Child Support and Spousal Maintenance

    How Living Together Affects Child Support and Spousal Maintenance What Happens to Child Support and Spousal Maintenance if You Cohabitate During or After Divorce? Couples going through a divorce are often unclear as to what legal effect, if any, moving in with a new partner will have on their legal rights. Most commonly, there is a concern that co-habitation (living with a new boyfriend or girlfriend in a ‘marriage-like’ arrangement) might affect a spousal maintenance award or the amount of child support that is to be paid or received. The following provides general information for ...
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