Property Division Attorneys in Vancouver
How is property divided following a divorce?
As a divorce proceeds, there may be several issues that arise which a divorcing couple argues over. One of these issues is in regards to property and assets. Even if the individuals agree on how they are to be split, the property division process can become complicated and overwhelming without the assistance and insight of a knowledgeable lawyer.
At Beaty Hatch PC, our firm has more than 65 years of combined experience handling family law cases, including all aspects of divorce. Property division cases can be complex, and it takes time to handle due to the specific laws that may apply.
Equitable Distribution & Community property
Different laws exist in each state regarding the way in which property is divided when a couple dissolves their marriage. Washington, for example, is a community property state. Generally, assets and debts the couple acquired during marriage are considered "community property." Upon divorce, the family court divides the property after considering relevant factors such as the nature of the property and the economic circumstances of each spouse. To view Washington's statutes regarding the dissolution of marriage rules and child support, please see Title 26 of the Revised Code of Washington.
Unlike Washington, Oregon is an "equitable distribution" state. This means that the court will determine the assets and debts that are considered marital property and debt and then assign them a monetary value. After these steps, the court will divide the assets and debt between the individuals in a manner the court deems equitable. To view Oregon's statutes regarding dissolution and separation, please see Chapter 107 of the Oregon Revised Statutes.
what assets are included during property division?
There are many different types of assets that are subject to division during divorce, such as:
- Military benefits
- Vacation properties
- Primary family homes
- Undeveloped real estate
- Pensions, IRAs, and Roth IRAs
- Cars, boats, and other vehicles
- Personal property, including jewelry
- 401(k)s and other retirement accounts
- Stock options, bonuses, and other employment-related compensation
We encourage you to get in touch with us today to arrange a consultation about your specific situation.
a Vancouver property division lawyer can help you
Please call Beaty Hatch today to discuss your particular circumstances and legal goals. Call (360) 566-6966 and speak with one of our knowledgeable property division attorneys in Vancouver. Or, if you prefer, contact us online.
Capable & Competent Representation Across Various Legal Fields
Attorneys Licensed in the States of Washington & Oregon
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Full-Service Law Firm Specializing in Various Legal Fields
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Serving the Vancouver, Washington Area for More Than 65 Combined Years