The divorce process can be emotionally traumatic for all parties involved: the spouses, their children, as well as friends and family members. Divorces can also cause a lot of stress-related financial matters.
For example, who will keep the house? Will one spouse continuing living there, or will it be sold? If it is put up for sale, who will receive the proceeds?
Obviously, there are a lot of important questions that need to be addressed throughout the process. One piece of legal protection that many divorcing spouses have used is known as a “CR2A” document. The following information will discuss what a CR2A is and why you may want one.
What is a CR2A?
A CR2A agreement is specific to Washington State. The term comes from the court rule that authorizes it: WA Superior Court Civil Rule 2A. In the context of a divorce case, a CR2A agreement refers to a contract between parties designed to resolve the issues of their case outside of court.
If both spouses and/or their attorneys sign the CR2A agreement, then the terms of that agreement become enforceable in court. On the other hand, without the signatures of both parties, the agreement is not legally binding.
CR2As can resolve a broad range of issues related to divorce proceedings. For instance, a CR2A agreement can outline how marital property will be split between ex-spouses, who will bear the burden of repaying specific debts, and how real estate assets will be apportioned.
Should You Get a CR2A?
You may not think that you need a CR2A agreement in your divorce case. Perhaps you and your ex-spouse have entered into a legal separation, are on friendly terms, and you’ve already entered into a “verbal contract” with them to resolve the financial obligations and issues you are facing. Even if that’s the case, you should seriously consider using this form of legal protection when you file for divorce. Verbal agreements hold no weight with a court, and in emotionally-charged situations like divorce proceedings, things can change quickly.
Once you and your spouse reach a mutually acceptable arrangement and sign the CR2A agreement, you should file it with the court as soon as possible. This will allow you to avoid any potential complications down the road. And, if you are working with a divorce attorney, this will already be included as a part of your divorce settlement.
Why You Should Work with Amy
Most individuals that try to handle real estate transactions or home sales while dealing with a divorce would feel overwhelmed without professional assistance. The fact is, divorcing couples can face some complicated and emotionally messy challenges when selling a home. That’s why you must work with a real estate agent that has experience in divorce situations.
One of the many things that set me apart from other brokers is that I am a Certified Real Estate Divorce Specialist. I have years of experience working with divorcing couples and know the ins and outs of family law when it comes to these situations. I have the skills and expertise to guide you through unique circumstances and protect you from broken promises and unenforceable agreements.
Besides selling your house for a fair price and quickly, I sit on panels with groups of professionals in the real estate, legal, and financial arenas. We collectively assist clients in determining whether they should obtain a CR2A and how to do so. In short, there are many things that set me apart from traditional real estate brokers, which makes me a superior choice when it comes to real estate transitions during a divorce.
If you’re ready to learn more or need assistance, I would love to help you navigate this stressful time.
Shoot me an email or give me a call (206) 601-5041.