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Understanding Community Property

Posted by Elise Buie | Jul 10, 2015 | 0 Comments

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Washington is a community property state. This has very important implications in divorce cases. In community property states, most of the property of a couple is considered jointly owned. When a divorce happens, it is split equally among the parties. However, this also includes debts. In a nutshell, community property states treat marriage property as if it was a business relationship.

This is why it is very important to understand all of your assets and your debts before considering a divorce. You may end up with a far larger bill than expected. For instance, if your spouse has medical debt and you divorce, you may be required to split that debt as part of the divorce settlement. However, the intricacies of how particular kinds of assets are split will vary from jurisdiction to jurisdiction. No two states are the same.

Thus, retaining the services of an experienced family law lawyer is essential if you live in a community property state like Washington. You must be aware of the potential financial risk you expose yourself to in a divorce and what your legal options are for protection. Your investments could be at risk if a full divorce goes through, and it may be in your best interests to settle through mediation instead.

If you live in Washington and want help in understanding what the community property laws might mean in your situation, contact Elise Buie Family Law Group, PLLC for advice. We can help.

About the Author

Elise Buie

Passionate, creative, problem-solving attorney who crafts solutions rather than obstacles. Elise spends significant time educating her clients on healthy communication skills. Elise also ensures that her clients make informed decisions by understanding the future emotional and financial implications of their decisions. Your family's future is our first priority. Elise teaches her clients new skills to empower them in the future as they adjust to the new family structure. While divorce ends a marriage, it is the beginning of your new, often times, more authentic life. Elise will help you begin that new life with new skills to handle any future challenges.

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At Elise Buie Family Law Group, PLLC, we represent clients from Seattle and Bellevue, Washington, and the surrounding region, including all of King County and the cities of Redmond, Kirkland, Bellevue, Edmonds, Issaquah, Kenmore, Kent, Federal Way, Shoreline, Des Moines, Bainbridge Island, Vashon, Auburn, Renton and Puyallup. We love working with clients from Seattle's unique, eclectic neighborhoods: West Seattle, Fremont, Ballard, Madrona, Queen Anne, Greenwood, Ravenna, Maple Leaf, Wedgewood, View Ridge, Laurelhurst, Windermere, Madison Park, Magnolia, South Lake Union, Capitol Hill, Broadmoor, Phinney Ridge, Crown Hill, Yarrow Point and Mercer Island.

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Elise Buie Family Law Group PLLC
1001 Fourth Avenue, 44th Floor   Seattle, WA 98154

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