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GOURAS & AMIS P.L.L.C.

Financial Information:
About Property Division

 

Washington State is a community property state. In general, this means that most assets acquired during the marriage (and most debts) belong to the marital community. The more usual exceptions are for assets brought to the marriage, inheritances, or gifts to one of the spouses only. These may be considered one party's separate property. Even then, separate assets can be converted to community property if a person is not careful.

Even if it is clear that a party's assets are separate property, Washington State does permit the court to divide both community and separate property assets. In a divorce, all of the assets are on the table.

In general, the court is obliged to make a just and equitable distribution of the assets and debts. This does not necessarily mean 50/50. The court has a wide range of discretion to decide what is fair. Often times, the distribution of assets and debts are combined with payment of maintenance and the other side's attorney fees. The court will also look at the relative financial situation of the parties. For example, if the husband earns ten times what the wife does, the court is unlikely to divide the assets and debts 50/50 and award no maintenance. It simply wouldn't be fair. Most cases are more complicated than this example. Competent legal counsel must be obtained to address these complex issues.

 

 

 

 

 

 

 

 


Gouras & Amis PLLC is a family law firm that practices exclusively in the area of family law. Gouras & Amis attorneys have over 25 years experience in both settling and litigating family law cases.

To schedule a consultation appointment
by e-mail, , or call 253-395-5552.


Gouras & Amis PLLC
Family Law Attorneys
Emphasizing difficult Family Law cases in the greater
Seattle-Tacoma, Washington area

Creekside at Centerpoint
Building One
20415 72nd Ave. S.,
Suite 420
Kent, Washington 98032

 
Phone (253) 395-5552 Fax (253) 395-1022
e-mail:

Top 100 Lawyers for Matrimonial and Family Law.
Who's Who in American Law
2000 — 2011

American Society of Legal Advocates
Top 100 Family Law Attorney Award