How are Assets Divided in Divorce

Estimated Reading Time: 3 Minutes 30 seconds Dividing and distributing assets in a Virginia divorce is a four-step process: Identify and determine ownership of the asset; Determine the value of the asset; Classify the asset (does it belong to the marriage or to an individual spouse); and Reach mutual agreement on how the asset will be divided using the law as a guideline, being mindful of tax implications, and assessing fairness considering a variety of factors, both financial and non-financial.

Living Separate and Apart – Requirements Under Virginia Divorce Law

Estimated Reading Time: 3 Minutes 50 seconds In a Virginia divorce, there must always be grounds for divorce. In a "no-fault" divorce, those grounds are based on a period of separation. With minor children, couple seeking divorce must live separate and apart for one year.

Read more 1 Comment