Property division in Washington state involves categorizing your property into two categories: separate and community. You will typically keep any separate property you have and divide the community property between you and your spouse in the event of a divorce....
Where could my ex be hiding assets?
On Behalf of Lutz & Associates, P.S. | Feb 14, 2023 | Property Division
When a marriage ends, it is not unusual for one or both people to feel angry, betrayed or scared. These and other emotions can drive them to make costly mistakes, like attempting to hide assets to shield them from division in divorce. If you suspect your...
Things to consider during your high-asset divorce
On Behalf of Lutz & Associates, P.S. | Nov 3, 2022 | Child Custody, Child Support, Divorce, Marital Agreements, Property Division, Spousal Support
Divorce is a difficult emotional time for any family. Couples with children and high net worth have additional matters to consider when dissolving their marriage. While it is a sensitive matter and one that is not easy to navigate, there are steps you can take to make...
Dealing with debt in a divorce
On Behalf of Lutz & Associates, P.S. | Oct 26, 2022 | Property Division
One of your primary concerns can be dividing your property if you are divorcing. Understandably, people typically want to know what they will keep and what their financial resources will look like when the divorce is final. However, your debts and liabilities will...
Freezing your embryos? It can pay to get a postnup.
On Behalf of Lutz & Associates, P.S. | Aug 31, 2022 | Marital Agreements, Property Division
Family planning is a common part of many marriages. The topic of children is probably something you and your partner have discussed at length before even getting married. You’re in agreement on how many kids you want to have – and when you want to have them. Maybe...
How a prenup can help protect your inheritance in a divorce
On Behalf of Lutz & Associates, P.S. | Aug 19, 2022 | Property Division
Inherited property will usually be viewed as separate property in a divorce – and therefore not subject to division. However, there are exceptions to this rule. A prenuptial agreement can help avoid unanticipated loss of property in a divorce. One of the purposes of a...
How is debt divided in a Washington divorce?
On Behalf of Lutz & Associates, P.S. | Jun 24, 2022 | Property Division
Property division is a common subject of virtually any divorce. But it’s less common to think about the implication of your separation on your debt. Will you inherit your ex-spouse’s debt? Will they inherit yours? What’s on the line, and how are these decisions made?...
Can you sell assets during a divorce?
On Behalf of | Apr 25, 2022 | Property Division
If your marriage ended on bad terms, you may be feeling anger or resentment towards your ex-spouse. When it comes time to initiate the divorce proceedings and divide your property, you may consider selling some of your assets in order to keep your ex from getting...
Could your spouse be hiding digital assets in your divorce?
On Behalf of | Feb 4, 2022 | Property Division
If you are going through a divorce, you want to walk away from your marriage with sufficient assets to begin life anew. Washington’s community property laws state that all assets acquired during a marriage are subject to division in a divorce. But it only works when...
Don’t lose your business in your divorce
On Behalf of Kelsey Morfitt | Dec 14, 2021 | Property Division
When divorce comes knocking, you and your family might not be the only ones whose lives change drastically. For business owners, the prospect of divorce can be even heavier than for other spouses, because the law generally considers a business to be marital property....
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