Gregg E. Bradshaw, LLC

Puyallup Family Law Blog

Critical tips to protect your finances in divorce

Financial issues are one of the most common reasons that couples pursue a divorce nowadays. Whether they face significant financial struggles during marriage or frequently argue about spending money, there is no doubt that finances can be the root of a lot of stress for individuals.

And it is likely that stress will not end during divorce. The process of divorce can be costly, especially when spouses have to divide their financial assets. However, there are ways that divorcing spouses can prepare and protect their finances:

Surprising statistic about car accidents and war

With a significant active military and veteran presence in Puyallup, surrounding areas and across Washington, it makes sense that many of our regular readers have extensive knowledge of our nation’s defense history. Even the most knowledgeable military scholars might be surprised, however, to learn that since 2000, more Americans have been killed in motor vehicle crashes than all of the Americans who died in World War I and World War II combined.

The numbers are jarring: 535,000 members of the U.S. military died in the world wars, while more than 624,000 people died in car crashes. Another 30 million injuries were sustained in those wrecks since 2000.

A strong parenting plan benefits the whole family

When Washington parents divorce, children face the possibility of suffering emotional stress and experiencing difficulties as they try to navigate this time of transition. As a parent, you understand the importance of helping your kids during this time and making decisions that will spare them as much trauma and difficulty as possible. One way you can do this is with a strong and thoughtful parenting plan.

A parenting plan is something that two parents will work on together. If you opt to craft a parenting plan out of court, you will be able to make plans that suit the unique needs of your children. If you think it may be possible to work with your spouse to reach an out-of-court solution regarding parenting time schedules and other custody-related issues, you may want to learn more about what makes a strong parenting plan.

Understanding how commingled assets work in marriage and divorce

Commingling everything has long been the American model of marriage. When a couple gets married, they share a house, cars, and bank accounts. The complete commingling model is often done for practical reasons as well as symbolic ones.

But part of that model may be changing. Millennials are increasingly choosing not to share bank accounts after marriage. According to a national survey, 28 percent of married millennials have chosen to keep separate bank accounts after tying the knot. One of the reasons for this trend is that many millennials were children or divorce. As such, they want to maintain some financial independence in case their marriages also end in divorce.

Proven representation spanning the wide universe of family law

A law firm representing that it handles a broad spectrum of family law matters for clients is making a telling statement.

Because family law is a realm perhaps more encompassing than any other legal sphere. Firms that merely dabble in it can hardly claim to offer comprehensive guidance and advocacy.

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