Divorce can put a privately held company under financial and legal pressure even when only one spouse runs it. The main divorce considerations for business owners in Washington include characterizing the ownership interest, valuing the company, protecting operations, and separating business income from support issues. S.L. Pitts PC handles financially complex divorces involving closely held...
Finances
Businesses in the Seattle and Puget Sound technology sector often offer non-cash benefits and incentives to employees. Particularly prominent are stock options, restricted stock units (RSUs), and equity compensation, and as such, you may be wondering what the true financial outcome or cost of divorce might look like. In a marital dissolution, many assets are...
Divorce is generally a confusing and time-consuming process. You need to make choices regarding various elements such as dividing community debt, marital assets, and real property. One thing some divorcing couples in Seattle don’t realize is that marital debt is considered community property under Washington law, regardless of which person incurred it. How Debt is...
Social Security benefits are available to the vast majority of the American population. The Social Security Administration (SSA) reports that 96 percent of workers qualify for these benefits nationwide and across Washington State. The term “workers” may cause concern for some individuals in Seattle and King County who are considering filing for or recently filed...
Getting a divorce is a stressful event. Not only are you ending a personal relationship with a partner you likely thought you loved, you are also ending a financial partnership with a partner you may have planned on growing old with. There are ways to protect your finances. Although both sides of the relationship are...