If you’re like most federal employees, you have a retirement plan called a Thrift Savings Plan (TSP). Just as private employer retirement plans have to be divided in a divorce, so do TSPs. However, they have their own unique type of court order. It’s called a...
Property Division
Should you fight for the family home during a divorce?
Divorce impacts every aspect of life. From child custody to child support and spousal support payments, there is so much to take care of during the divorce. One of the major issues you will need to hash out is the division of the marital property according to...
Would your spouse hide cryptocurrency?
When you're getting divorced, or even if your marriage is strained and you are only considering getting divorce, one thing you want to monitor is how your spouse is maintaining your financial assets. Some spouses will hide assets. Though the separation and divorce...
Common Prenup Mistakes
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...
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...