When couples in Virginia decide to divorce, there are a litany of issues they must resolve. One of these issues is property division. Of course, both sides to a divorce want to keep their fair share of the marital estate. This makes property division a particularly complex endeavor.
Virginia follows the laws of “equitable distribution,” when it comes to property division. This means that marital property will be decided on a basis of what is fair, which will not always lead to an exact 50/50 split. Therefore, those seeking a divorce will want to make sure they understand what assets are important to them and which ones they are willing to let go of.
At our firm, we know how important it is for our clients to be treated fairly during the property division process. We use our knowledge of the law to assist our clients as they seek to retain what they deserve of the marital estate. We understand that property division is just as important to those with modest assets as it is to those going through a high-asset divorce.
Whether it is the family home, furniture, collections, electronics, vehicles, jewelry or intangible assets such as bank accounts and retirement accounts, we understand how much value marital assets can have. People may have a very deep attachment to certain pieces of property. It is important, then, that couples resolve their property division issues in a way that leads to a satisfactory outcome. Our firm’s property division webpage can be a good starting point for those who are looking for more information on this topic.