June 23, 2022
The Commonwealth of Virginia has instituted laws that require courts to equitably divide marital assets in a divorce. Property that is part of equitable distribution can range from large to small, and everything in between (including the kitchen sink). Virginia classifies property into three ...
June 23, 2022
Marital property includes assets acquired during the marriage. Household items, joint bank accounts, funds accumulated into investments/retirement during the marriage, cars and homes titled to both spouses are all examples of marital property. Separate property includes any assets attained ...
June 23, 2022
While Virginia strives for equitable distribution of marital property, this does not mean all property is divided 50-50 between the divorcing couple. The court will take into account: The contributions, monetary and non-monetary, of each party to the well-being of the family; The con...
June 23, 2022
The nature of the divorce will drive who essentially controls property division. In some circumstances the couple may make many or all asset decisions themselves, others find that the use of legal counsel and mediation are in their best interests. Other cases require the court to decide how pr...
June 23, 2022
Asset value can be one of the most crucial components of a divorce. Depending on the circumstances, different valuation dates may be used. The valuation of real property, closely held businesses, and significant personal property like artwork or vehicles may present challenges. A divorce atto...
