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How are assets split in a marriage?

Usually, judges will assign each spouse a percentage of the total value of all the couples marital property (sometimes called the marital or community estate), minus their debts. Then, the judge will distribute assets and allocate debts so that each spouses share of the estate comes up to the assigned percentage.

What assets are included in divorce?

Matrimonial assets typically include things like the family home, pensions, investments and savings. Matrimonial assets can also include any property acquired before the date of the marriage if this was purchased for use as the family home, or any furniture that was bought specifically for this residence.

Is cash an asset in divorce?

Yes. Marital property can include cash, checking, savings, insurance policies with a cash surrender value, retirement accounts, and investments including stocks, bonds, and mutual funds. Marital property (and community property) is divisible in divorce.

Who gets to stay in the house during a divorce in Washington State?

Courts usually award each spouse his or her separate property and divide community property 50/50. Consequently, if the house is entirely one spouses separate property, he or she almost always receives it unless the parties agree otherwise.

How do I hide assets in my marriage?

Is Your Spouse Hiding Assets? Open a separate bank account in only one partys name; Not reporting a bonus, reimbursement, or increase in salary; Putting money into the accounts of a family member; Direct deposit into separate accounts; Opening a safety deposit box;

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Is my wife entitled to half my house if its in my name?

It depends on who is named on the mortgage. This is called joint and several liability. You are both responsible and liable for paying the mortgage. That doesnt mean you are both liable for half each though if one person doesnt pay their share, the other can still be held responsible for the whole mortgage.

What is a wife entitled to in a divorce in Washington State?

Yes, Washington is a 50/50 divorce state. In other words, nearly all property, debt, and assets that were acquired during a marriage are subject to division between the spouses during a divorce. However, it doesnt necessarily mean everything will be divided in half between the spouses.

Who gets house in divorce WA state?

Generally, all property (houses, real estate, cars) a spouse gets during the marriage is community property. It belongs to both spouses, even if only one is on the title. Both spouses earnings during the marriage are community property. Washington is a community property state.

How is property divided in a divorce in Washington?

In Washington State, all property acquired during the marriage is generally deemed community property and must be divided equally at divorce. This includes real estate, spouses earnings, pension benefits and 401(k) contributions.

How are assets split in divorce in Washington State?

A court in Washington State will usually a) award each party his or her own separate property and b) divide the net value of the parties community property 50/50. This means the husband keeps what he brought to the marriage, the wife keeps what she brought, and the rest gets split between them equally.

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