If you are considering a prenuptial agreement, it is important to be aware of some common mistakes or issues that could affect the validity and enforceability of the agreement. In Virginia, the relevant Code provisions can be found at Virginia Code Sections 20-151 et...
Property Division
Can your spouse claim your professional practice in a divorce?
Perhaps you are a family physician who has opened their own practice. Maybe you are an accountant and you started your own firm. Your successful professional practice allows you to monetize your education and skills. It also provides your whole family with financial...
Divorcing doctors: What to keep in mind
As someone who has a medical license, doctors are trusted by many. They spend long hours at the hospital or clinic, which can often put a strain on marriages and relationships leading to feelings of resentment, loneliness, or boredom. Unfortunately, divorce amongst...
Asset division lets you keep a professional practice in divorce
If you own and operate a successful Virginia services business, a divorce will include it in the marital asset division. Chances are that you're wondering if you can keep the practice or if you should sell it. The practice value is an asset When listing your practice,...
Divorce decrees vs. trusts
Virginia individuals who want to pass down assets to specified loved ones can use a trust to do so. These are fairly common for a variety of reasons. However, they can be a bit confusing when dealing with a high-asset divorce. What is a divorce decree? When you go...
Business owners, divorce, and asset division
In this day and age, a considerable number of Virginia residents own and run their own businesses. As is the case with the nation at large, statistics generally suggest that about half of marriages in this United States will one day end in divorce. The divorce process...
LBGTQ couples and high-asset divorces
By their very nature, divorces in Virginia are often contentious affairs. A combative marriage dissolution is even more likely when the matter is a high-asset divorce. A high-asset divorce has the potential for becoming even more complicated when the spouses parting...
When separate property is not really separate
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...
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...