Whether your spouse will receive any portion of your business in your divorce depends greatly on a number of different factors. Whether all or part of the business constitutes community or separate property, the length of your marriage, ownership of the business, and the longevity of the business are all factors that help determine how…
More and more couples are executing prenuptial agreements prior to getting married, which likely corresponds to the fact that couples tend to be older when they marry, thus putting more assets at stake. No matter the value of assets involved, for many couples, executing a prenuptial agreement is a wise decision. Entering into a prenuptial…
Any couple who intends to or is currently going through a separation or divorce can execute a separation contract in order to settle any issues of dispute. These issues might include the division of property, the payment of debts, the custody and support of children, and the payment of spousal support. A separation contract sets…
In the typical divorce, the spouses’ retirement plans, pensions, and mutual funds often may be the most valuable assets that they own. As a result, the division of these items of property in a divorce can be a hotly contested matter. Under Washington law, retirement funds that either spouse acquired during the marriage are the…
When you know that a divorce is in your future, it is important to take steps for to prepare yourself financially for life as a single person. Many married people, especially those who have been married for a long time, have forgotten how expensive living on your own can be. If you are planning to…
Most people are familiar with the concept of common law marriage, but much of what people think they know is based on rumor rather than fact. For example, many people incorrectly believe that living together for a certain period of time is sufficient to establish a common law marriage. Common law marriages are a relic…
The process of getting a divorce takes months to complete. Couples going through a divorce may need to attend mediation sessions, court hearings, or depositions, which all take time. Even the simplest divorces must go through Washington State’s mandatory 90-day waiting period. During this time, it is not uncommon for one or both spouses to…
Marital debts, just like marital assets, are fairly divided between spouses during a divorce. Because Washington is a community property state, all income, property, and debts that either spouse acquires during the marriage belongs to the marital estate and must be split relatively equally between the spouses. The responsibility for a marital debt can be…
All divorces take time. In Washington State, a divorce must take at least three months because there is a mandatory 90-day waiting period before the divorce can be finalized. Many divorces last much longer, especially if there are conflicts over children or the division of property. As time goes on, anything can happen. If a…