Division of Property
Division of Property Lawyer Tacoma WA
Pierce County Divorce and Property Division Lawyer
In a divorce, the division of the marital property can be one of the most contentious components. Determining which assets and debts are marital and which are considered separate property and how to divide them can be controversial and complex.
At the Law Office of Rachel Rolfs in Tacoma, we understand the headache and heartache a divorce and the property division can bring to husbands and wives. Our goal is to provide experienced legal guidance to put you on a better path in life. Contact us to learn how we can assist you through the divorce and division of property processes.
Fair and Equitable Division of Property
Washington is a community property state. That means that all marital assets and debts are to be divided between divorcing spouses. However, that division is not required to be equal. Rather, it is to be fair and equitable.
Determining what marital property versus separate property is can be tedious. In most cases, assets obtained and debts incurred during the marriage are considered community property and subject to division at divorce, such as:
- Primary home and other real estate
- Family business or other business interests
- Pensions, retirement and 401k accounts
- Stocks, bonds and investments
- Saving and checking accounts
- Loans and credit card balances
In general, property obtained prior to marriage is considered the sole property of the husband or wife who was the original owner. There are exceptions to these guidelines, however, especially if legal prenuptial or postnuptial agreements are in place.
At our firm, we work with our clients to determine the best course of action in regard to divorce and division of property. We offer services in mediation, collaborative law and traditional court representation. By listening to your concerns and goals, we can help you structure a plan that protects your best interests.