Seattle Divorce Lawyers
Experienced Divorce Attorneys Handling Property Division
Property division is a very highly contested matter in a majority of divorces because many people do not wish to part with their treasured possessions. During most marriages, couples will accumulate a number of assets including furniture, property, vehicles, boats, second homes, vacation property, retirement accounts, and other types of investments. When a couple decides to divorce, it will have to be determined how the property will be divided. The couple can decide this between themselves, as in an uncontested divorce, or they may need the help of a judge to decide how the property should be divided, like in a contested divorce.
During a divorce, it is absolutely necessary that your divorce attorney have a clear understanding of your financial situation. Your lawyer will have to be aware of all aspects of your finances and property so that they can effectively prepare to have it divided the way you want. Sometimes other professionals must be consulted during the information gathering process, such as accountants, estate planners, and other financial experts. Your Seattle divorce lawyer can work with these professionals to make sure all your bases are covered during the property division process.
Dividing Property in Washington
Washington State employs a 50/50 law when it comes to property division, meaning that all property accumulated during the marriage, including retirement benefits, is up for division. It is important to note that the property will not always be divided 50/50, because certain circumstances will affect the division. A number of factors will be used by court to determine how the property will be divided, including:
- The nature and extent of the marital property
- The nature and extent of the separate property
- The duration of the marriage
- The economic circumstances of each spouse at the time of property division
Contact a Seattle Divorce Attorney today to find out more about property division!
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