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Federal Way Divorce Law Blog

2 cautions about rushing a high-asset divorce

Because divorce is often an unpleasant process, many people in Federal Way feel it is best to rush through. There is nothing wrong with wanting to get a divorce over quickly. However, decisions made in haste can cause problems that are not so easy to resolve after a divorce becomes final. 

Your divorce is laying the foundation for the future. So, you must evaluate every single aspect in that light, including alimony, child support and property division, to ensure that your spouse does not take advantage of you, cheating you out of what should be yours. Here are a few pointers to keep in mind about high-asset divorces

Tracking down hidden assets: What you need to know

Disagreements about marital property are common issues that come up during high-asset divorces. In fact, many individuals use unethical tactics to keep their spouses from getting their fair share of marital assets

If your marriage is on the chopping block and you suspect your spouse is hiding assets, take some time to review the following types of hidden assets so you are better equipped to locate them. 

Many married women let spouses make financial decisions

Across the nation, Washington residents included, a majority of wives let their husbands make all the investment decisions. This can cause problems if they divorce or their spouse dies.

An estimated 60 percent of married women let their spouse make all long-term financial decisions, leaving them in the dark when something happens to their husband. This is especially crucial since the divorce  rate for couples older than 50 years has doubled in the last couple of decades. This conclusion was reached by UBS Global Management, which surveyed 600 divorced or widowed women and 1,500 couples with at least $250,000 in investable assets. The study also found that a majority of millennial women were letting their spouses make financial decisions.

Filing for divorce with PTSD

On this blog, we have covered many facets of the divorce process. It is important to keep in mind that each family's case is unique and an individualized approach is important if you are preparing to split up with your spouse. Moreover, there are a number of considerations that are unique to military families who are working through the divorce process. For example, you or your spouse may be struggling with post-traumatic stress disorder, in which case you may need to be particularly cautious as you move through the divorce. There are different ways in which PTSD can complicate the end of a marriage, and it is important to be prepared.

Ending your marriage can be an extremely emotional event, especially for someone who is already dealing with PTSD. Additionally, if your spouse has PTSD, you may be worried about how your decision to split up may impact them. If you are struggling with PTSD, it is important to stay focused on a favorable outcome and try to prevent negative emotions from getting in the way of progress. Anger, depression, and other strong emotions are not uncommon with respect to divorce, but some people have had their case adversely affected by emotional outbursts.

A divorcing couple may disagree about business valuation

If you and your spouse are facing divorce, you are undoubtedly concerned about property division, including how you will handle the distribution of your family business.

The two of you may disagree about how much your business is worth, but there are professionals who can help with an appraisal that the court can use to determine value.

Taking a look at bird's nest custody arrangements

When it comes to the custody of children, there are a number of potential outcomes parents may anticipate. For example, a parent may worry about his or her ability to have shared custody or even visitation rights. However, there are certain unique situations as well, such as "bird's nest" custody arrangements. A bird's nest custody arrangement places emphasis on the child, allowing them to stay in their family home while parents alternate living in the family home and elsewhere. Depending on your circumstances, it could be a good idea to examine this option.

A bird's nest arrangement can be beneficial for a child in different ways. Divorce can be hard, especially for someone who is young and worried about their parents splitting up. However, allowing your child to stay in the family home may help minimize stress and other negative issues that sometimes come with divorce. Children may enjoy being able to have both of their parents in their lives in the same home, albeit at different times. Instead of moving out of the family home, children may benefit from a bird's nest arrangement by staying in the same school, maintaining their relationships with friends, and continuing to enjoy other aspects of life in the same house.

Paying child support after the loss of your job

All sorts of legal problems related to children can arise when parents decide to split up, from custody issues to problems with child support. Whether you have anxiety about how much child support you will need to pay or you are currently unable to fulfill your obligations, child support can be incredibly stressful. Moreover, certain difficulties may arise that can make it even more difficult for parents to stay current on the child support they owe, such as the loss of a job.

Whether you were laid off and anticipated losing your job for months or you were fired without warning, losing your job can have financial repercussions on your life in many ways. Not only can it make child support payments more difficult to stay current on, but falling behind can lead to even more hardships, such as a social stigma, an inability to apply for a passport, and even the risk of being arrested. If you have experienced major financial changes in your life due to the loss of your job or a drastic reduction in the number of hours you work per week, you may be able to have your child support order modified.

Has technology overtaken your marriage?

Anyone who lives in and around Bellevue knows the importance of technology. Many people who work in technology-related careers in this area are highly paid, but they also work long hours.

The problem with technology is that it can be so easily integrated into your life, it can be difficult to tell where technology and "real life" diverge.

Handling emotions during a custody dispute

There are a variety of challenges parents may face when working through family law matters, from struggling with child support payments or the modification of a child support order to discussing their plans to divorce with their children. However, disputes which involve the custody of a child can be especially difficult for a parent, and children as well. Custody decisions have a major impact on a child's life, from where they spend most of their time to the major influences they are exposed to on a daily basis. From high levels of anxiety to depression and anger, in some cases, the emotional toll of a custody dispute can be overwhelming.

Although custody disputes can be very emotionally charged, you should try to prevent your emotions from getting in the way of your ability to present your case. Courts aim for an outcome that serves a child's best interests and by understanding some of the factors they use to make these determinations, you might be able to relieve some of your stress. Knowing that you have done all you can to prepare for a custody dispute is one way to address negative emotions, you may also find value in discussing these issues with your child and reassuring them that your love will not be affected by the outcome of the case.

How widespread is poverty among custodial parents?

There are a number of challenges that may arise with respect to child custody, from anxiety about a custody hearing to handling the outcome of a custody dispute. Even after custody matters have been settled, other hardships may arise, such as custodial parents experiencing financial difficulties. These financial problems may be brought on by various problems, from not receiving child support that is owed to significant financial changes following the end of a marriage. Unfortunately, far too many custodial parents find themselves in this position and it is important to understand just how many custodial parents are facing significant financial difficulties.

Data that is provided by the U.S. Census Bureau states that in 2013, 31.2 percent of custodial mothers were living below the poverty level. Over the course of the same year, only 17.4 percent of custodial fathers had an income that was below the poverty level. Moreover, among parents who were living in poverty and received all of the child support they were owed, child support payments made up for 70.3 percent of their mean personal income on an annual basis.