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Property division in Washington can be an emotional issue

Some individuals in Washington find that they face many emotional issues during a divorce, particularly when it comes to property division. There may be arguments regarding what property is separate and what property is community, particularly if the spouses have an emotional attachment to the property in question or if the spouses cannot agree on the value, both monetary and sentimental, of the property. The division of assets in a divorce is not always easy.

In Washington, all property and debts must be accounted for in a divorce and the division of such will be based on what is fair and equitable. Keep in mind, however, that equitable does not always mean each spouse will get exactly half of the property. There are numerous factors that will go into making property division decisions. Sometimes parties are able to make these decisions through out-of-court negotiations, but other times the couple's relationship is so acrimonious that it is best for a judge to make property division decisions.

What types of property are subject to division in Washington? Of course, tangible items such as the family home, furniture, automobiles, boats, collections, artwork and jewelry are all items that may be split. However, there are intangible assets too that may be just as valuable as tangible assets, if not more so. For example, bank accounts, pensions and retirement accounts may be divided. If a couple had investments and stock accounts, these may also be divided. Businesses owned by both spouses may also face property division.

There are many decisions to be made when dividing property in a Washington divorce. These decisions can be very emotional, and it may be hard to keep things in perspective. Anyone with questions can visit our law firm's website.

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