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Anderson, Fields, Dermody, & McIlwain, Inc., P.S.
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Gray divorce comes with risks and rewards
Check out this article about gray divorce and what some of the risks and potential benefits of getting divorced later in life are. While gray divorce can provide people with greater independence after an unhappy marriage, there are significant financial risks, especially when it comes to retirement planning. Many people going through a gray divorce are unaware of what assets they have a right to and how to go about negotiating a settlement that can provide them with financial security during their retirement.
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Should I refinance after a divorce?
Divorcing residents in Washington who are interested in keeping their family homes after their divorce should click on this link now. This article will give you important details about how to handle a previous joint mortgage after you get divorced. Learn about your options in order to ensure you do not end up remaining financially married to a former spouse unnecessarily.
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Uncovering hidden assets during a Washington divorce
A Washington divorce can be complicated, especially when dividing property between spouses. Read about the signs that someone may be trying to hide assets. Cash, property and other items could be concealed in a number of ways. Learn about the ways to uncover these hidden assets and what to do if you need help.
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The pros and cons of collaborative divorce
Check out this article about collaborative divorce, whereby divorcing spouses try to end their marriages amicably by avoiding litigation. Although the option has become increasingly attractive in recent years, experts caution spouses about opting for a collaborative divorce too quickly. Collaboration is an option that often only works for very few couples and, in some cases, could even be costlier than choosing a more traditional divorce process.
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Debts apportioned upon divorce
Part of the process of a divorce is dividing up the marital debts incurred during the course of the marriage. Credit card debt is one of the major sources of American household debt and, like assets, will generally be apportioned between divorcing parties in a just and equitable manner. Read this article to learn about a recent Washington state case where a court found that a certain credit card debt should be entirely allocated to one spouse since he had mishandled its repayment during the marriage.
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Collaborative divorce promotes cooperation
The collaborative divorce process is often an efficient way for a divorcing couple to work out the details of their divorce settlement in a spirit of friendly cooperation. Collaborative divorce is often much more cost effective than traditional divorce litigation and can sometimes save thousands of dollars in legal costs. Read this article to learn about situations where the collaborative divorce process may not be a suitable alternative to traditional divorce litigation.
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