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Property Division Archives

When Is A Professional Education Valued?

In order to have value, a professional degree must have been procured. It is more than a simple Bachelor of Arts or Science degree. For ease of identification, let's say it is a doctor, lawyer or a Master's Degree. The question then becomes: has the community received fair compensation? It has been held by our Court that the Court must treat the education as an asset and place a value thereon. The value must consist of the cost of the education and the increased income potential. In re The Marriage of Washburn, 101 Wn. 2d 168, 677 P.2d 152 (1984).

Property Division in Washington

Property is divided in a just and equitable manner in the state of Washington. There are many factors that come into play. Parties often equate a just and equitable division with an equal division. This is wrong. Courts have a great deal of latitude in interpreting what a "just and equitable" division of property is. Important factors are, but are not limited to: 

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Anderson, Fields, Dermody & McIlwain, Inc., P.S.

Anderson, Fields, Dermody & McIlwain, Inc., P.S.
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