When many people think of divorce, they picture an angry, emotional couple fighting over assets and arguing about where their kids should live. However, many couples do not fit this mold. While they may not be able to agree on everything, they are generally able to get along and are willing to work together to avoid a lengthy, tumultuous court battle.
Getting a divorce when you have children is no easy task. In addition to the division of property and marital debts, divorcing couples with kids also have to determine who will have custody of the children. In Washington, child custody arrangements are referred to as a parenting plan. Ideally, parents going through a divorce will work out the details of their own parenting plan. According to Washington Rev. Code Sec. 26.09.181, the plan must specify where the children will primarily stay, how decisions will be made with regards to the child, and how to deal with future issues relating to the children.
Once you and your spouse have decided to go your separate ways, it is important that you make sure you do everything in your power to protect yourself financially and ensure that you are prepared for the future. Experts suggest that getting organized can help you get what you want out of the divorce.
According to a study by sociologists at the University of Washington, we are right in the middle of divorce season. From January to March, once the holiday season has come and gone, many couples decide to file for divorce. The study revealed that the nationwide yearly divorce rate is 11.67 per 1000 married people over the age of 15. In our state, the divorce rate is slightly higher than the average at 12.06 per 1000 married people.
If spouses have decided to call it quits, their long-term financial stability may not be the first thing on one's mind. However, experts advise that avoiding the following mistakes during divorce can help protect one's money and ensure that the post-divorce life starts off on the right foot.
Earlier this month, Amazon CEO, Jeff Bezos, and wife MacKenzie, announced their intent to divorce. Bezos is known as the world's wealthiest man, with an estimated worth of $136 billion. However, Bezos and his wife reportedly did not have a prenuptial agreement, and may not have a postnuptial agreement either. Without these agreements in place, a high-asset divorce like theirs could get complicated as state laws often come into play.
Actor Forest Whitaker has enjoyed a long and successful career. His many pursuits in film and on television have brought joy and intrigue to the lives of Washington residents for decades. However, Whitaker has been in the news recently for something unrelated to his acting career: he recently decided to file for divorce from his wife.
The divorce of one's parents can be emotionally challenging for a Washington child. When one or both of their parents later decide to remarry, however, the child may be confronted with the difficult situation of understanding how to relate to their new step-mom or step-dad. Step-parents may also have concerns about what rights, if any, they have with regard to raising their step-children.
Having a child is more than an emotional commitment: it is a financial commitment as well. From making sure that a child has a safe place to call home to keeping them fed and adequately clothed for their surroundings can force a Washington parent to cut back on their savings as they invest more into the health and happiness of their child. Most parents relish in being able to take care of their families, but for custodial parents who are dependent on support payments, getting by when money is lean can be tough.