Law Offices of Magnuson Lowell P.S.
Call For A Free Phone Consultation

(Redmond/Family Law) Dividing Community Property

Washington is one of nine states (mostly on the west coast) that follow community property laws when it comes to Estate Planning. This is important to note because it will wholly affect the way you and your loving spouse choose to draft your wills and other estate planning documents. But, what if your loving spouse no longer loves you? These community property laws are also incredibly helpful to understand for purposes of Family Law. For example, if you purchase a home during your marriage, community property helps the judge determine who owns the equity after a divorce.

Community property holds that all assets and debts acquired during the marriage are owned equally by the two spouses. So, in a perfect world, a judge would be able to split all of your divorce assets down the middle. And, in many cases, this will work. However, unlike in California, this perfect world is not the law in Washington. Rather, Washington follows a policy driven law to split all property as is "fair and equitable." This standard can make it difficult for parties to find common ground since one party may believe he or she is entitled to more than half of the assets.

So when it comes to dividing assets, know the law. While 50-50 may be easier for you to calculate, it may not necessarily meet the fair and equitable test applied by the courts. If you want to know how fair and equitable your Family Law plan is right now, contact Magnuson Lowell for a free telephone consultation.

No Comments

Leave a comment
Comment Information

Learn How We Can Help You

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response
Law Offices of Magnuson Lowell P.S.

Law Offices of Magnuson Lowell P.S.
8201 164th Avenue NE, Suite 200
Redmond, WA 98052

Toll Free: 888-312-9484
Phone: 425-242-4021
Fax: 425-885-4119
Redmond Law Office Map

Duvall Office
15715 Main St. NE, Suite 201
Duvall, WA 98019

Duvall Law Office Map

Back To Top