Divorce Attorney Near Tumwater, WA

Dividing Assets and Liabilities

Marital property includes all the assets and liabilities that were sustained during the marriage. It normally will not matter whether the asset or liability is under the name of one spouse or both.

Marital property includes:

• Bank accounts
• Retirement accounts
• Real property
• Business interests
• Timeshares
• Vehicles
• Airline miles
• Credit card debt

Prenup

A prenuptial agreement (prenup) is a common legal step taken before marriage. It establishes the property and financial rights of both spouses in the event of a divorce. Prenups are used to shelter assets, businesses, avoid taking on the other party’s debt, bring forth financial accountabilities, control how property will be passed upon death, and evade long, costly divorce disagreements.

Property, Alimony, and Child Custody

Divorce has many elements, the most common being distribution of property, alimony, and child custody. Usually with property, authorities will try to divide property fairly when parties disagree on how to share assets while alimony depends on income, the need for support, and other factors. Another aspect in a divorce is determining child custody and child support. Dual custody is a common outcome, but situations such as abuse and emotional connections influence this arrangement, so it’s important to speak with a divorce attorney to ensure the best outcome.