Couples who are wealthy or own a significant amount of property often face issues in divorce which are much different than couples who have more modest means. Normal divorce issues like splitting up assets to deciding on parenting time and child support are much more complicated when the couple is dealing with hundreds of thousands…
Marriages may not always last for decades, but some debts do. When a married couple who owns a house divorce, the mortgage debt often exists for longer than the marriage. During a divorce, couples need to be aware of the long-term consequences of their mortgage before deciding on what should happen to the house. Mortgages…
During a divorce, couples may disagree about the best way to divide their shared property. In Washington State, all of the couple’s property, including their home, their vehicles, and their businesses, can be appraised and split up. If the couple cannot reach an agreement as to how their assets should be divided or if the…
For many couples, one partner is in charge of the finances. For example, the husband may bring home the paycheck, but the wife may balance the checkbook and take care of household bills. This type of financial separation is also common when it comes to filing taxes each year. Often, a husband or wife will…
For many people, their house is their most valuable asset. In a divorce, assets are split fairly between the couple, including their home. When neither former partner can afford to keep the house, or when both partners want to leave the home, the house may be put up for sale. When One Partner Wants to…
When a married couple owns a business, that business can be considered community property. Like all assets in a Washington State, the business should be split between both spouses. But how does a divorce court divide up a business? Valuing the Business Before a business can be split between the spouses, the parties have to…
Unfortunately, divorce can be an expensive experience for many couples. The cost of splitting up or selling property, maintaining two places to live, and paying child support or spousal maintenance can add up quickly. In addition to these expenses, both partners will have to pay legal fees to their respective attorneys. When contemplating a divorce,…
Married in Mexico, divorced in the Dominican? For many couples, foreign countries aren’t just for weddings. The rise of “destination divorces” is attracting separating couples to exotic locations for a weekend of relaxation and paperwork. Why would a couple want to go on vacation together to get a divorce? For many of these couples, they…