Preparing for divorce means addressing a variety of personal and financial issues. Almost all couples have to address property division matters. They must either settle with one another or prepare to take the disagreement they have to family court. Settling is often...
High Asset Divorce
Dividing retirement accounts in a divorce
When a couple divorces, Virginia law requires that the parties divide their property in a way that meets standards of "equitable distribution." To quickly summarize a complex process, this means the spouses must list all their assets and debts, decide what's separate...
When is personal effort a factor in Virginia property division?
There are many factors that are considered with property division in a Virginia divorce. People might try to categorize it based on separate property, marital property and commingled property. Still, many cases are not so simple. Nuance is important and people will be...
Do you know how to approach your divorce negotiations?
Even if your divorce is extremely contentious, there’s a good chance that it’ll end up resolving through negotiation. That isn’t to say that the formal split is going to be amicable. In fact, you should be ready to litigate your divorce before ever sitting down at the...
The differences between contest and uncontested divorces
When a couple has made the difficult decision to divorce, they may wonder what to expect, what their divorce will look like and what their divorce options are. Some couples may qualify for an uncontested divorce which can have benefits to it so divorcing couples...
Signs that divorce might be on your horizon
Most, if not all, relationships go through rough patches. This doesn’t always mean that divorce is on the horizon, but there may be certain indications that your marriage is on the rocks. If you start seeing these signs, then it might be time to start thinking about...
How is property divided in a divorce?
As married couples in Virginia move through life they acquire various property. This could be physical property such as homes, household goods, furniture, appliances, tools, vehicles, collectables and other property. It also includes non-tangible property such as bank...
Important information about spousal support in Virginia
Divorce can be emotionally messy, but it is often money that causes individuals to suffer significant stress. When one partner to an ending makes little to no money on their own, they may fear how they will support themselves in the future. In Virginia, spousal...
Don’t forget about life insurance in a divorce
When parties to a divorce in Virginia believe that they have everything finalized because the major issues are settled, there are still numerous smaller details that must be handled correctly. Any of these issues can become a larger problem if the parties cannot get...
High asset divorce can hold big tax consequences
Recent changes to the tax code created potentially devastating tax consequences if a high asset divorce is not handled properly. Where large, valuable assets are concerned, the Republican tax overhaul that took place this year made some significant changes. So much so...