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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
