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...
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Property Division
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....
Am I responsible for my spouse’s student loans if we divorce?
For Virginia couples contemplating divorce, the presence of unpaid student loans can loom large. Who is responsible for paying off student loans in a divorce? As with many legal matters, it depends on a variety of factors when determining responsibility for these...
Why are hidden assets a serious concern in Virginia divorces?
During your divorce, you and your ex will disclose all of your property to one another. You also have to provide information about your assets to the courts if you can't reach your own property settlement. A judge will use the information that you provide to determine...
Yours, mine and ours? Divorce and property division
You and your spouse have decided to end your marriage. Child custody and support are not the issue for you. Instead, it is property and its division causing arguments. You want to make sure that you keep your fair share of the property you brought into your marriage;...
Can my spouse take my inheritance in divorce?
Your spouse failed you. Now, you find yourself worrying about something that you hadn’t thought about before: the possibility of your spouse stealing your inheritance in divorce. You would hate to see your parent’s assets end up in your spouse’s possession, but you...
How can I protect my business assets from division should I divorce?
For those with significant assets, protecting those assets is a priority during a divorce. Few personal possessions are as valuable or as meaningful as a small business or a professional practice. Whether you started the company or inherited it, it likely has a lot of...