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.

Estimated Reading Time: 5 Minutes 25 seconds Writing good Divorce Settlement Agreements—particularly when children are involved—blends two divergent, yet complementary, styles: (1) great specificity, and (2) an openness that allows for the inevitable changes that families go through as their kids grow up.