Clement Law Center - Federal Way Family Law Attorney
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Our office is open. At Clement Law Center, the safety and wellbeing of our clients and employees come first. In response to COVID-19, court hearings and all conferences with client and prospective clients will be by phone. We are not conducting in-person court hearings or meetings. Our staff will often be working remotely during this time. Our office will be checking voicemail and will return client calls as soon as possible. We continue to offer free phone consultations.
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Couples must understand their finances before divorce

In Washington and across the United States, divorce can wreak havoc on a person’s finances. The end of a marriage involves strong emotions, and a dispute sometimes ensues. Designing a sound settlement agreement can help couples cope after they get divorced. Otherwise, they may learn that living as single individuals involves complexities with regard to money. Plus, divorced individuals risk losing the types of lifestyles they planned to enjoy during their retirement years.

Couples who divorce later in life may not fare well once they get divorced, especially if one spouse was the main breadwinner in the family. When two people decide to go down different paths, property division is often a major issue. A high-asset divorce may involve complex financial strategies before both parties are happy with the settlement. One person may require money, and the other spouse may need a place to live. Furthermore, taxes may become an issue, especially when trying to divide up the investments in qualified retirement accounts.

Additionally, a marriage lasting 10 or more years means that an ex-spouse is eligible to receive Social Security benefits based on the other spouse’s earnings. This strategy is useful for spouses who did not earn enough money to qualify for their own Social Security benefits. Debt is another issue to consider. A person does not want to share their ex-spouse’s debts after the divorce is finalized.

Living life as a single person has enough challenges without having to worry about paying back excessive amounts of money to creditors. Any debt-related issues that are not taken care of prior to a divorce need to appear within the pages of the settlement agreement. A couple going through a complicated divorce may want to consult with their own family law attorneys before they draft their marital settlement agreement.

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Federal Way Office
31919 1st Avenue South, Suite 103
Federal Way, WA 98003

Toll Free:888-351-6779
Phone: 253-336-3607
Fax: 253-815-8458
Federal Way Office Location

Seattle Office
3418 NE 65th St., Suite A
Seattle, WA 98115

Toll Free: 888-351-6779
Phone: 253-336-3607
Fax: 253-815-8458
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14777 NE 40th Street, Suite 206
Bellevue, WA 98007

Toll Free: 888-351-6779
Phone: 253-336-3607
Fax: 253-815-8458
Bellevue Office Location
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