Providing Skilled Guidance In Complex Asset Division
Financial disentanglement and asset/debt division can be one of the most challenging aspects of a divorce. For those with few assets/obligations, this can be fairly straightforward. But things become more complicated when a couple has a significant net worth, complex assets or both. Some examples are cases that involve a closely held business; situations where various types of retirement accounts are part of the asset picture; or cases where forms of digital assets, such as cryptocurrencies, are held by one or both of the parties. In these situations, having a skilled attorney on your side is critical.
Our team of attorneys at Meridian Family Law has significant experience in dealing with complex asset cases, and we are skilled and effective at meeting the challenges these cases present.
Protecting Your Closely Held Business From Division In Divorce
If you own and operate a business, chances are good that you have invested countless hours in building it and making it successful. Unfortunately, the fruits of that labor can be lost if you don’t take steps to shield the business during divorce.
Even if your spouse has no role in the daily operations of the business, they may still have a partial or equal ownership stake. Washington is a community property state, which means that nearly all assets acquired by either spouse during the marriage are considered jointly owned and subject to division. Our attorneys can help you take the steps necessary to protect your business during divorce.
Addressing And Dividing Retirement Assets
Retirement savings and savings plans are often among the most valuable assets to be divided in divorce. Many people assume that a pension, 401(k), IRA or other plans with their name on them will be considered solely their property, but that’s not necessarily the case.
Our attorneys can help you accurately determine the value of all retirement assets and each spouse’s share. Then, if needed, we can seek to divide these assets through the use of a qualified domestic relations order (QDRO) and any other required legal instruments.
Discuss Your Legal Options With A Knowledgeable Attorney
From our office in Seattle, Washington, Meridian Family Law serves clients in King and Snohomish counties. To schedule your initial consultation, call us at 206-569-5346 or fill out our online contact form.
