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The impact of a Washington divorce on your retirement

You spend much of your adult life saving funds in the hope of having a secure and comfortable retirement. Now, sadly, you and your spouse have reached an impasse and divorce seems inevitable. You're probably worried about a number of things, from who gets primary physical custody of your children to the best way to divide your assets and your various debts, like credit cards.

Special considerations for your military divorce

As a military member, you may be wondering how your divorce differs from a civilian divorce. In general, military divorces are very similar to those for civilians. However, there are a few difference and special circumstances you may need to consider before you even begin the process.

Who pays what debts during a Washington divorce?

One of the most complicated aspects of getting divorced in Washington is often figuring out how to divide assets and debts. You may want to receive certain assets, or you may feel that you shouldn't have to help pay off debts accumulated by your former spouse. It can be frustrating, if you married a spendthrift, to have to accept a massive load of debt that you didn't accumulate during the marriage. Generally speaking, except in special or rare circumstances, you will be expected to pay half of the debt, regardless of who spent the money.

Retirement accounts can complicate your Washington divorce

Getting a divorce is often an emotionally tumultuous time. In addition to ending your primary relationship, you will have to deal with changes in your living situation, finances and even time with your children. The greater your overall assets, the more likely it is that you and your former spouse will argue about the right way to divide them.

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