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...
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High Asset Divorce
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...
Musician passes away before divorcing spouse
No matter what level of income a Virginia resident earns, divorce proceedings may be complicated by many different financial and legal hurdles. It is important to understand family law options in order to make smart decisions about options for the future. These...
Financial planning during marriage can help ease divorce burdens
Weddings are often joyous occasions where individuals come together with their families to celebrate their love for new partners. Weddings are also major undertakings that require a lot of advanced planning, careful consideration, and work. When planning weddings and...
Should a business be considered marital property?
Many individuals in Virginia develop their entrepreneurial spirits by starting or opening their own businesses. While business ownership can be risky and can cause some to experience fear over their futures, some find comfort in going into business with loved ones...
Equitable division and a Virginia divorce
One of the most important aspects of a divorce is the division and settlement of the former partners' property. Over time, married couples can accumulate many items of personal property, various real estate holdings, significant investments, and even large amounts of...
Amazon CEO and wife reach settlement in their high-asset divorce
Amazon has become a household name and most people in Virginia have either ordered something from the online retail giant at some point in time or at least know someone who has. Therefore, they may be interested to hear of the outcome of the divorce of Amazon CEO,...
Prenup at issue in Dixie Chicks singer’s high asset divorce
Virginia residents may be fans of the country music band, the Dixie Chicks and the band's lead singer, Natalie Maines. In 2017 Maines filed for divorce from her husband on grounds of irreconcilable differences. The couple have two teenage sons. Maines' husband is...