It is easy to accumulate a lot of property and assets together during a marriage, as spouses purchase a place to live, and all of the things they need to fill that place and make it feel like home. In the event of a divorce, it can be a difficult matter to decide who...
Property Division
Important tip: Calculate debt before getting a divorce
Dividing property is often one of the most stressful and divisive aspects of a divorce.It can become even more stressful considering that, along with dividing their marital assets, spouses must also divide their debts. Dividing debt accrued during the marriage can be...
Valuation is an important part of the property division process
In Virginia, a couple that chooses to divorce must divide up its marital property so that each partner leaves the relationship with an equitable portion of the total. Virginia follows the principles of equitable division when it comes to divorce-based divisions, which...
Important considerations for those who want the family home
Although a divorce may be a necessary part of starting one's life over in the wake of troubles, it is never easy on a Virginia resident to uproot their life and start fresh as a single individual. For some, letting go of significant pieces of property may be very...
How does the property division process work in Virginia?
The division of property can be a source of contention in any divorce. After all, many married couples have spent years if not decades accumulating assets. Some of these assets have a great deal of financial value, but even certain cherished pieces of property have...
Hiding assets in the property division process is never wise
We'd like to think that in the age of conscious uncoupling that all divorcing couples in Virginia amicably part ways. Unfortunately, emotions can run high in a divorce, causing people to make poor decisions. For example, one spouse might want to try to hide assets...
Property division is important to Virginia couples of any means
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...
Should one fight for the family home in a Virginia divorce?
One issue that most divorcing couples in Virginia will have to face is property division. This is true whether a couple has a great deal of highly valuable assets or whether a couple is of more modest means. In the end, marital property in a Virginia divorce will be...
Hidden assets can make property division inequitable
Part of the property division process is disclosing all of your assets and income. This is because in Virginia each spouse has the right to retain an equitable share of all the couple's marital assets. However, a divorce can cause bitter feelings and sometimes a...
How are inheritances treated for property division purposes?
The death of a loved one can be devastating. However, there may be a silver lining if the deceased left a substantial inheritance to you. When it comes to divorce and inheritance in Virginia, in general, an inheritance is considered to be separate property. This means...