Clement Law Center your family law attorney
Free Initial Consultation
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.
We offer a 25% discount to First Responders and Health Care Workers
Attorney Bruce Clement headshot
Quality Representation & Individualized Advocacy You Can Depend On

Protect yourself and your finances when getting a divorce

On Behalf of | Nov 10, 2020 | Divorce

It is estimated that 40% to 50% of marriages unfortunately do not last. But since no plans for a future divorce, many spouses do not take the proper steps to protect themselves or their finances should a divorce occur. If a divorce is necessary down the line, some spouses may end up with settlement terms that do not serve their best interests.

What are some things Washington residents can do to make sure they receive their share of the marital assets?

Know what you have

Many people fail to keep an accurate and complete record of their various financial assets. However it is impossible to fight for your fair share in the divorce if you don’t know exactly what assets are up for grabs. So, do some digging and hire a forensic accountant if needed to figure this out.

Start separating finances

Separating finances doesn’t mean emptying shared bank accounts and placing the funds in individual accounts. Failing to be transparent about moving marital assets could cause problems down the line. Work with your spouse to come to a shared agreement on how to separate any shared accounts, if possible.

Understand the tax consequences

The division of certain assets can have negative tax consequences. Understanding what those are can help you determine which assets are worth fighting for and which are not worth the cost. Having knowledgeable legal counsel or a financial advisor on your side can help you figure this out.

Plan ahead

Looking ahead at potential post-divorce finances can help you determine what you need to get out of the divorce proceedings. Will you need spousal support? Will you need child support? If so, how much? Be prepared to lay out your needs in clear terms; do not simply assume that your spouse or the court will offer these things on their own.

The last thing anyone wants is to feel that they were taken advantage of when their divorce is said and done. Fighting for a fair settlement is possible, it is just a matter of taking certain steps to protect yourself and your money.

An experienced family law attorney will be able to review the specifics of your case and help you take the steps necessary to achieve a balanced settlement of all marital assets.


Start Your Free Consultation

Our Office Locations

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

Toll Free:888-351-6779
Phone: 253-954-3351
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: 253-954-3351
Fax: 253-815-8458
Seattle Office Location

Bellevue Office
14777 NE 40th Street, Suite 206
Bellevue, WA 98007

Toll Free: 888-351-6779
Phone: 253-954-3351
Fax: 253-815-8458
Bellevue Office Location