Allocation of Assets/Debts
How Should Assets be Devided in a Divorce
When going through a divorce it is important to remember that all of your assets and debts will need to be divided between you and your spouse. We recommend working together with your spouse and their attorney (possibly using a mediator or other trained third party). This way you can come to an agreement concerning as many of the assets/debts as is possible.
The more you can work out together, the fewer things will need to be fought over in the courtroom. Having the courts determine the allocation of assets and debts is sometimes necessary, but it should be avoided when possible.
How Should Assets be Divided in a Divorce
Our legal team has years of experience working with our clients, opposing attorneys, and mediators. We help get your assets divided up fairly and practically. Alternatively, if necessary, we will aggressively implement a detailed strategy in order to position your case in the most favorable light. This ensures the judge hears the evidence necessary to make a just and equitable determination on your behalf.
How Does Seperate Property Become Marital Property?
Keep in mind that, in most cases, all community property—meaning any property acquired during your marriage—will need to be divided.
This includes:
- All retirement accounts
- Businesses
- Real estate
- Credit card debt
- Cars
- Savings
- And more
This can be one of the more difficult parts of a divorce, but we will be there to help you through it and ensure you get everything that you are entitled to.
Contact Us
No matter what stage of a divorce you are in, it is never too early to contact us to get help with the proper allocation of assets and debts in Washington. We are here to help you throughout the process, so please call today.