Is Everything Split 50/50 in a Divorce?

Estimated Reading Time: 3 min read

If you are considering a divorce, you are probably wondering: “How will my assets be divided?”

Most people fall into two categories. The first group assumes that all assets (money and other property) will be split 50%/50%. The second group believes that if they earned it, or if their name is on it, that asset will be theirs for the taking upon divorce.

Why Are More Older Couples Getting Divorced?

Estimated Reading Time: 2 min read

There are 4 primary reasons why older couples are getting divorced. Seeking relief from boredom is a big cause of divorce for silver-haired spouses. When an older couple is getting divorced, known as a “gray divorce”, one or both of the partners is often looking to relieve what they feel is a boring life.

What is Business Goodwill in a Virginia Divorce?

When valuing a small or family-owned business in a Virginia divorce, parties need to be aware of the concept of “goodwill.” Goodwill is divided into two main types: personal goodwill and professional goodwill. Though sometimes hard to tease apart, once a judge determines how much of each type of goodwill is contributing to the value of a divorcing-spouse’s business, that ruling can be monumental to the financial well-being of the husband and wife.