During the process, both parties need to provide records of income, assets, debts, and all the rest. It’s not uncommon for someone to squirrel away assets or hide valuables during a divorce. While not an exhaustive list, here are a few things to watch out for.
There are 2 types of property: community property, which means the state views all property and debts acquired during a marriage as belonging equally to both spouses, and separate property, meaning it belongs to one spouse or the other.
Moving out of a shared home can have a negative impact on your divorce in a number of ways. It’s important to know the impact this decision can have.
The division of property plays a big role when it comes to ending a marriage, but it’s also important to know how courts treat shared debt in divorce.
While no single number encompasses everything, the average cost of divorce in Washington is between $10,500 and $12,000. With children, the average cost of divorce is $15,500. Depending on the circumstances, the total can be much higher or lower.
Where money comes from in a marriage has a lot to do with who gets it in a divorce. How does this impact a personal injury settlement?
When one spouse increases the value of an asset through sweat equity, who does that belong to? Because Washington is a community property state, the law considers all assets and property as belonging to both spouses. In most circumstances, this includes increased value due to sweat equity.
Life insurance policies can be one of the more delicate knots to untie in divorce and oftentimes get overlooked when ending a marriage.
Divorce hurts your credit. Especially if you don’t keep an eye on it and let your finances get out of hand. Luckily, there are things you can do now to rebuild your finances and protect your credit after finalizing your divorce.
