Dividing Property Fairly In A Divorce
One of the steps in a divorce is the equitable distribution of marital property and debts. This process is not always as straightforward as people expect. While there are guidelines regarding property division, judges may have different interpretations of them. It is important to have a lawyer to protect your rights.
At the Law Offices of Robert C. Kaufman, PS, in Bellevue, we represent people during property division in divorce and high-asset divorce. Our divorce lawyer has 38 years of experience in Washington family law. You can rely on our skill whether you have simple or complex assets. For consultation, please call 425-615-7222.
Who Gets What?
Many assets and debts acquired during a marriage are considered community/marital property. During a divorce, marital property is subject to equitable division by the court. Equitable may not mean 50-50. In some cases, the higher earner may receive less marital property, for example. Having an experienced attorney on your side can make the difference between getting the property settlement you deserve and one that leaves you feeling cheated.
Marital property includes assets acquired during the marriage. Depending on the circumstances of your marriage, the marital property may include:
- Home and other real estate
- Personal property such as vehicles and furnishings
- Financial accounts
- Retirement accounts
Separate property includes assets a party brings to the marriage and inheritances or gifts received outside of the marriage. Separate property is retained by the party who owns it.
In addition to marital assets, your marital debts must be divided. These may include mortgages and other loans, credit card debt, taxes and any judgments against both of you.
Contact Us To Discuss Your Situation
To schedule a consultation with an attorney, please call 425-615-7222. You may also contact us online.