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.

Writing Divorce Settlement Agreements that Stand the Test of Time

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.