The early stages of divorce often involve many abrupt changes. People often freeze some of their financial assets. They stop pulling money from joint savings accounts and close shared credit cards. They may have to find someplace new to live. If they have children,...
Property Division
Should you keep your home after divorce?
On Behalf of Lutz & Associates, P.S. | Jan 2, 2025 | Divorce, Property Division
For many, the family home is not just a significant financial asset but also a place of sentimental value. Deciding whether to keep the home after a divorce involves several considerations, from financial impacts to emotional ties. What questions should people ask...
How to fairly divide property and assets during a divorce
On Behalf of Lutz & Associates, P.S. | Dec 10, 2024 | Property Division
The divorce process in Washington involves many important decisions. Spouses may have to find ways to share custody. They also have to make major decisions about separating their finances. There may be a need for financial support, and spouses have to divide their...
How to protect your company when divorcing your business partner
On Behalf of Lutz & Associates, P.S. | Dec 4, 2024 | Property Division
Divorce affects everyone profoundly, but the stakes soar even higher when it involves your business partner. The company you built together, with hard work and shared vision, becomes vulnerable during this process. Protecting it is essential. When business and...
When are properties divided unequally?
On Behalf of Lutz & Associates, P.S. | Nov 13, 2024 | Property Division
A massive concern during divorce that most spouses stress over is what will happen to the property accumulated during the marriage. While Washington courts strive to divide property equally, there are circumstances under which they may deviate from this principle....
3 issues to address when a divorce involves a professional practice
On Behalf of Lutz & Associates, P.S. | Oct 14, 2024 | Property Division
Many professionals with college degrees, graduate degrees and state licensing prefer to be their own bosses rather than to work for established companies. Physical therapists, accountants and many other educated professionals may decide to start their own professional...
Addressing a financed vehicle during divorce
On Behalf of Lutz & Associates, P.S. | Sep 6, 2024 | Property Division
Dividing assets and financial responsibilities is a key element of any divorce in Washington. Some couples already have arrangements outlined in marital contracts, such as prenuptial agreements. Others may have to settle matters during divorce negotiations or prepare...
Is a business the separate property of one spouse?
On Behalf of Lutz & Associates, P.S. | Aug 27, 2024 | Property Division
Some people start businesses after getting married. They invest marital income in the company and may even rely on the unpaid work of their spouse to get the company off the ground. If they later divorce, their business is likely part of the marital estate. They may...
What happens if your ex-spouse files for bankruptcy?
On Behalf of Lutz & Associates, P.S. | Aug 22, 2024 | Divorce, Property Division
If you and your ex-spouse took on joint debts during your marriage, you may both be legally responsible for them even after divorce. These debts can range from credit card debt to home equity loans. But what happens if your ex-spouse files for bankruptcy? You may be...
What financial preparations can I make for the divorce?
On Behalf of Lutz & Associates, P.S. | Jun 20, 2024 | Property Division
Divorce can involve various adjustments, affecting your and your family’s life. Emotions can also run high during this period, making the transition stressful and overwhelming. You and your former spouse may need to brace yourselves when tackling issues that can...
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