In Virginia, the division of real estate during a litigated divorce is governed by the state's equitable distribution laws. This means property is divided based on what’s fair and not necessarily what’s equal. The nature of real estate assets—often significant both...
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Property Division
How are retirement accounts handled during divorce?
One of the most significant financial considerations that many individuals need to address during a divorce is the division of retirement accounts. The property division process in Virginia is based on equitable distribution, which means a fair, not equal, split in...
What happens to debts in divorce?
When couples decide to divorce, financial matters often come to the forefront. Debt, like assets, needs to be divided between the parties involved. While the process can be complex, knowing your options can help alleviate some of the stress. Typically, debt acquired...
How can I protect my retirement investments in divorce?
Whether you’re still decades away from retirement when you divorce or it’s just around the corner, it’s crucial to protect the retirement savings you’ve worked so hard for. It can make all the difference between retiring on your terms and living a comfortable life and...
How do I keep my retirement assets in my divorce?
Your long-term goal after divorce may be to lead a happier, more financially stable life without a relationship that holds you back. Of course, to reach that point, you first have to successfully complete the divorce process. Divorcing couples in Virginia typically...
Fight for the assets that best serve your post-divorce life
When wealthy people divorce, they typically have high-value assets to divide. It can be challenging to sort it all out, deciding who will get what in the divorce. Since Virginia is an equitable property division state and not one that follows a community property...
Do you have to divide your inheritance in a divorce?
If you were given an inheritance by your parents, and you were married at the time, it can make things a bit complicated if you get divorced. What is supposed to happen to that inheritance? Couples do not always agree. One person will claim that the money should stay...
Is your spouse hiding assets during your divorce?
If you’re getting divorced, you will want to make sure that your spouse isn’t hiding assets. Even if you don’t believe they would do this, knowing that it’s illegal, rest assured that many people do try to intentionally hide things from their ex. The good news is that...
Will your spouse get half of your business in a divorce?
While dissolving a marriage is always a difficult and emotional process, it can be especially complicated when one or both spouses own a business. When a married couple in Virginia decides to divorce, they must divide their marital property according to state law. If...
Are there legal consequences for hiding assets during divorce?
Even though divorces do not have to be bitter, the end of a marriage can bring out anyone's worst tendencies. This is especially true if there was infidelity during the marriage. To try to get even, the aggrieved spouse may hide assets in the lead-up to the divorce....