If you’re getting divorced, you may need to decide what to do with a home that you and your spouse bought during your marriage. From a financial perspective, it may be the most valuable and important asset you own. From an emotional and sentimental perspective, you...
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Divorce
What does “contested divorce” mean?
Because of no-fault divorce laws, contested divorce does not mean that the outcome may result in the couple staying married. They’re not debating whether or not they should get divorced, nor is the judge determining if they will allow the couple to end their marriage....
What are the financial effects of a gray divorce?
"Gray divorce" refers to divorces occurring among long-married couples who are aged 50 or older. While gray divorces happen for all kinds of reasons, the one thing that they typically all have in common is complicated financial circumstances. In Virginia, marital...
What should business owners know before filing for divorce?
Divorce is difficult, but it can be particularly hard for business owners. Apart from the usual divorce pressures, you also have to face the possibility of losing or sharing the business you sacrificed so much for with your soon-to-be ex. If your spouse directly or...
Can I afford to get divorced if I have a large amount of assets?
High-asset divorces don’t have to be long, expensive and messy or even combative. Two power couples who have divorced in recent years have demonstrated that. When Microsoft co-founder Bill Gates and his wife Melinda announced their divorce two years ago after more...
What should you tell your children about your divorce?
First and foremost, what you tell your children about your divorce is up to you. This is going to be different in every case, as every family has their own unique situation. As a parent, you get to decide what is best for your child. That being said, many parents are...
Should you continue paying spousal support after your ex remarries?
Once a divorce is finalized, most individuals get on with life and enter new relationships. In fact, according to a recent report by the U.S. Census Bureau, nearly half of all divorced Americans remarry within three to four years. However, if your former spouse has...
Could your job or career choice lead you to a divorce?
There are any number of factors that lead to divorce. Growing apart, irreconcilable differences and disagreements over money are among the top reasons for divorce. Did you know that a person's occupation or career may play a huge role in the rate of divorce?...
Did too little quality time lead to Tom and Gisele’s divorce?
Celebrity couples can be a source of inspiration when their relationships go well. Their divorce stories can also be an important warning for those in struggling relationships. For years, people have pointed to Tom Brady and Gisele Bundchen as one of the most...
What should we do about the nanny after our divorce?
Life was already complicated before you and your spouse made the decision to divorce – and you’re struggling to cope with the additional demands on your time as a single parent. That makes your nanny increasingly invaluable as part of your support system with the...