Understanding Community Property

“The Donald” at it Again – Can Nobody Control Him?

Washington is a community property state. This has very important implications in divorce cases. In community property states, most of the property of a couple is considered jointly owned. When a divorce happens, it is split equally among the parties. However, this also includes debts. In a nutshell, community property states treat marriage property as if it was a business relationship.

This is why it is very important to understand all of your assets and your debts before considering a divorce. You may end up with a far larger bill than expected. For instance, if your spouse has medical debt and you divorce, you may be required to split that debt as part of the divorce settlement. However, the intricacies of how particular kinds of assets are split will vary from jurisdiction to jurisdiction. No two states are the same.

Thus, retaining the services of an experienced family law lawyer is essential if you live in a community property state like Washington. You must be aware of the potential financial risk you expose yourself to in a divorce and what your legal options are for protection. Your investments could be at risk if a full divorce goes through, and it may be in your best interests to settle through mediation instead.

If you live in Washington and want help in understanding what the community property laws might mean in your situation, contact Elise Buie Family Law Group, PLLC for advice. We can help.

STAY UP TO DATE

Subscribe to our newsletters

 
Subscribe to one or more of our newsletters, delivering meaningful insight on topics that matter to you and your family.
ebl home subscribe image

FURTHER READING

Latest Blog Posts

Unsure where to begin gathering the foundation you need to go through the divorce process with confidence and well-prepared? Consider the following 10 tips to prepare for divorce.

Everyone who has anyone in their life needs an estate plan, even people who own little or no property.

A common question about legal fees is why they are so high. The following article details what is built into legal fees and explains their cost.

Gifting an estate plan is an act of love because an estate plan goes far beyond material possessions, addressing the emotional, practical, and long-term well-being of your loved ones.

Prenuptial agreements (also known as prenups) can play a pivotal role in safeguarding individual spousal rights in the event of divorce and can also strengthen a marriage.

Valentine’s Day can be tricky for single parents, maybe even you. Unpartnered, at least for the time being, you might not foresee your plans fitting into conventional images of the holiday. But that doesn’t have to be. Valentine’s Day, when you’re single, can be more than a day you need to survive. It can be a day to look forward to.

Collaborative law has evolved into a globally practiced
discipline, extending well beyond the realm of family law, and is used frequently in Seattle divorces.

Classifying January as divorce month could be misleading, given how some of the numbers tell a different story. However, one thing remains clear: January is a great time for a fresh start.

A family law attorney can help with child custody (residential time) by creating or modifying a parenting plan.

Given the importance of the trustee’s role in an estate plan, it is necessary to understand the responsibilities before choosing a trustee or accepting the obligation to become one.