McKinley Irvin Blogs from May 2024

• Summer Break & Child Custody: Tips for Co-Parents

  May 31, 2024
  Making the Most of Your Parenting Time During Summer Visits Summer break brings a welcome change of pace for children, but for parents, it can raise questions about childcare and maximizing quality time. Read on to learn how to make the most of your parenting time during summer break. Parenting Time Tips for the Summer We understand that custody arrangements vary, with some parents enjoying full summer schedules while others share parenting time during the break. For some, summer might be the only time they have physical ...
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• The Potential Challenges in an LGBTQ Divorce

  May 28, 2024
  The fight for marriage equality was a hard-won victory for the LGBTQ+ community. However, the legal landscape surrounding divorce for same-sex couples can still be a minefield. While the core issues of emotional turmoil and financial disentanglement remain similar to opposite-sex divorces, LGBTQ+ couples face unique challenges during the divorce process. In this blog, we will discuss those specific challenges in further detail. Child Custody & Same-Sex Divorce Same-sex couples have many options and possibilities when it ...
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• What To Do If You Suspect Your Spouse Is Hiding Assets

  May 17, 2024
  Financial dishonesty within marriages is not a rarity. Indeed, the National Endowment for Financial Education reports that approximately 43% of adults have admitted to financial infidelity, which involves a party in a relationship intentionally deceiving their partner about money. This can include hiding debts, making major purchases without discussing them, or even having secret bank accounts. Even if a spouse does not breach trust and lie about their assets or debts in a marriage, they may do so during their divorce, which ...
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• Why Consider Divorce Mediation?

  May 10, 2024
  Divorce is a complex and emotionally charged process. However, for divorcing couples seeking an amicable and cost-effective resolution, divorce mediation offers a compelling alternative to traditional litigation. A neutral third party, the mediator, facilitates communication and guides couples in working towards mutually agreeable settlements on key issues such as child custody, spousal support, and asset division. Is Mediation Required for Divorce in Washington State? While state law does not require couples to attend ...
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• How Divorce Can Affect Your Retirement

  May 3, 2024
  Divorce doesn't merely alter your current life circumstances; it can also significantly reshape your long-term financial outlook, especially when it comes to retirement savings. In Washington state, this is primarily due to the community property laws that mandate an equal division of marital assets, including retirement accounts such as IRAs, Roth IRAs, 401K and 403K plans, employee stock options, and Employee Retirement Income Security Act (ERISA) funds. Understanding the Division of Retirement Plans 401(k) plans and ...
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