What is Spousal Maintenance?

It is often stated that money is the leading cause of stress in relationships. Couples may engage in power struggles around money, communication about money, or financial imbalances within the relationship. For these reasons and more, finances are also a common contributor to separation and divorce. It doesn’t end there. Finances are commonly the most …

BE AWARE OF HOW THE NEW TAX LAW WILL IMPACT YOUR SPOUSAL MAINTENANCE

Tax season is underway and Americans have less than two months to file taxes for 2017. For those who pay spousal maintenance to their former spouse all year long, filing taxes presents the opportunity to claim a tax deduction for these payments. This can often be quite significant!  This is the silver lining – but …

I DON’T THINK I AM GETTING ENOUGH CHILD SUPPORT – WHAT CAN I DO?

If you are concerned that you are not receiving the appropriate amount of child support, we encourage you to: Understand the basics about child support modification law Assess whether anything has changed since the original order. This may include            your child’s needs or the financial status of one or both parents …

DIVORCE: WILL MY SPOUSE TAKE MY 401K?

Short answer: It depends! Working out the financial details is often one of the most contentious aspects of a divorce. Even in an amicable divorce, division of assets and debt can be extremely stressful. When there is conflict and debate, stress and emotion can rise to very uncomfortable levels. It is essential that you work …

DIVORCE: WHAT ABOUT THE FAMILY HOME?

By nature, divorce is difficult and sad, usually affecting multiple parties in devastating ways. There are so many aspects of life that are impacted by divorce, and a plethora of painful emotions. Among the affected aspects of life is the matter of living arrangements. For many families, it is more than just sorting out who lives …

WHO GETS WHAT? PROPERTY & DEBT DIVISION WITH DIVORCE

The division of assets and debt is often one of the most contentious aspects of a divorce. We are here to assist you in this process, to negotiate on your behalf, and to protect your best interests. Washington is a community property state, as defined in RCW 26.16. Any money you earn and any property you …

HOW TO AVOID FINANCIAL BLUNDERS DURING DIVORCE

A recent Money Magazine article highlights strategies for avoiding financial mistakes during divorce. Each divorce comes with its own set of emotional struggles and financial risks. Decisions made during the divorce process can have long-lasting effects. Given these significant impacts, it is advised that you avoid making any decisions in haste. When it comes to making financial …

COMPLEX/HIGH-ASSET DIVORCE

Each divorce comes with its own set of emotional struggles and financial risks and you should never try to tackle them alone. No matter what your financial situation, is essential that you work with an experienced family law attorney who will advise you assertively and effectively and ensure all aspects of the process are addressed …

PROTECT YOURSELF! DON’T BE IN THE DARK ABOUT YOUR FAMILY’S FINANCES

This Seattle Times article offers an opportunity to highlight the importance of having an independent understanding of basic financial concepts. Many Americans lack understanding about financial topics like mortgages, interest, and risk, and this article illustrates potential consequences when we lack this sort of knowledge. The article features a 56 year old Bellevue College teacher, who could be symbolic …

CHILD SUPPORT MODIFICATIONS IN WASHINGTON STATE

In Washington State, the law allows parents to petition for child support modification to accommodate changes in circumstances. The primary Washington State child support modification statute is RCW 26.09.170. A Washington State child support modification is the legal process by which an Order of Support is adjusted to reflect the current finances of both parents. It …