This article will help you understand how courts divide and distribute the equity value in your marital residence when there has been a commingling of non-marital money with marital money.

It is based on Virginia law and practice; but will be helpful to divorcing couples in many places who are seeking a fair method of sharing the equity in their marital residence.

VIDEO: Life insurance is an important topic in divorce. Robin helps you understand what you need to do.

Yes. You can get alimony in Virginia if you work, but only in certain situations. Let’s break it down. First things first: What is alimony? Alimony – which is also referred to as “spousal support” – is a monthly amount of money paid by one spouse to the other after separation or divorce.

The Big Questions

There are two major questions you will face when dealing with the marital residence during divorce:

Who keeps the house? What happens to the mortgage loan?

Before we jump into the options, there is one important thing to understand: the house and the mortgage loan against the house are two separate things.

Yes. Child support is common in 50/50 custody situations.

Whether or not you will be paying or receiving child support is based on your income disparities and the custody schedule. Both must be factored for when running your state’s child support calculation.

If you are considering divorce, you likely have questions about child support—how much will you get, how is it calculated, and what it is supposed to cover. Here is an easy-to-follow breakdown, with a special emphasis on how child support is negotiated in a mediated divorce.

CDFA Defined A CDFA is a financial professional who is skilled at analyzing financial data and providing expertise on the financial and tax issues of divorce within the context of the laws of your particular state.  Taking the Edge Off Many divorcing people are in a highly anxious state because they don’t know where to start.

The divorce rate for middle aged and older men has increased significantly since the 1990s. Every third person who gets divorced in the US is older than 50. Even more astounding is that one out of every ten people getting a divorce is 65+.

As a divorce mediator, here are the reasons that I hear all the time, from my older male clients, as to why they feel compelled to divorce their wives and voluntarily step into the world of single silver-haired people.

Getting a divorce anywhere – but particularly in Northern Virginia --- will be one of the most important financial decisions of your life. Not only will you need to split up all of your hard-earned assets and worrying debts, but you will also need to pay the equivalent of a king’s ransom to your attorneys to get you through the process – unless you skip litigation and go straight to mediation.

Ever wondered why so many middle-aged and older women put the kibosh on their marriages after so many years? Wouldn’t the financial and personal upheaval stop them from taking such a drastic step? The answer is “no”.

In the US, approximately 70% of all divorces are initiated by women.