In the state of Washington, the court uses equitable distribution when it comes to dividing assets and liabilities during a divorce proceeding. This means that the court will evaluate each spouse’s financial situation individually and then make a ruling on how assets and liabilities should be divided between them. This ruling must take into account each spouses’ contributions to the marriage (both financially and emotionally), as well as their current financial needs after the divorce has been finalized.
That being said, if you are considering divorce in Snoqualmie, WA it is highly recommended that you consider getting a real estate appraisal from Alpha Appraisal so that you have an accurate representation of the value of any real property assets or liabilities involved in your divorce settlement. An accurate appraisal will give both parties a clearer view of their financial picture post-divorce and help prevent any surprises down the line.
At Alpha Appraisal we utilize our decade of experience dealing with divorce appraisals. Plus we can handle additional services such as expert witness testimony for court cases upon request.
The first step is for one party (the plaintiff) to file for dissolution against their soon-to-be ex-spouse (the defendant). Then both parties may choose a mediator or private judge to negotiate better terms if they are unable to come to an agreement on their own behalf. If no one wants mediation then either side may file for court action which would involve hiring attorneys who would then represent each party during court proceedings where they would assess each side’s financial situation before handing down their verdict regarding asset division - this is where having an accurate appraisal becomes essential in order to ensure fair division of assets based on current market values at the time of dissolution rather than outdated values that could be irrelevant when accounting for inflation etc.
Once a decision has been made by either side or by the courts – it may still be possible for one partner to buy out his or her ex from certain assets such as those related to real estate investments or businesses etc… In these cases having an accurate valuation done prior may also prove useful so both parties have clarity regarding exactly what they are offering up front before signing any agreements which could later become binding legally speaking once they are signed off by both sides.
When making decisions about asset division during divorce proceedings accuracy is key – especially when there is more than one piece involved such as real estate investments. Having access to an independent opinion via an appraisal report makes sure nothing slips through the cracks that could otherwise create issues down the line once everything has been finalized.
Contact us today for a free quote.