We have recently discussed how people will sometimes try to hide assets during a divorce. For instance, your spouse may give assets to a family member with the understanding that that person will give the assets back after the divorce. It’s important to know how to...
High-Asset Divorce
What happens if one spouse tries to hide assets during divorce?
During the property division process of a divorce, spouses may need to make disclosures to one another and to the courts about their personal resources and financial obligations. They then either negotiate an appropriate settlement by cooperating with one another or...
Dividing marital property in a divorce
Virginia is an equitable distribution state, meaning if you cannot agree on how to divide property, the court will divide your marital property fairly and equitably. Equitable and equal can mean very different things, depending on the assets and particular...
Understanding equitable distribution in a Virginia divorce
Virginia courts aim to divide marital property equitably – or fairly – and that doesn’t always mean an even split in a divorce. There is a real possibility of getting a little bit more or less than your spouse. Understanding how property is classified is necessary to...
Your home and divorce: 3 options
One of the biggest questions people ask when they’re getting divorced is what they’re supposed to do with their house. This is a potentially very expensive asset, and it could be very important emotionally and sentimentally. Additionally, couples with children need to...
What happens to stock awards in divorce?
The stock options and restricted stock units (RSU) that a person receives throughout their career can be particularly valuable parts of their portfolio. These stock awards could become even more valuable over time, depending on what the future holds. The National...
Can a househusband seek spousal support?
Traditionally, many people think of spousal support as money that is paid from a husband to his former wife after their divorce. They are a bit shocked to consider reversing those genders. However, perhaps you are a father who stays home with the children and takes...
Avoid these mistakes when dividing marital property in Virginia
Divorce comes with a ton of challenges. Remember, this is a huge decision that is bound to change the course of your life forever, to say the least. There are a number of things a divorcing couple may be able to work out and resolve peacefully. And there are many...
Can you keep your child in a private school after your divorce?
Virginia is home to some of the best private schools in the country, and many parents sacrifice a lot to make sure that their children have a spot in one of the best What happens to your educational aspirations for your child, however, once you and your spouse split...
Why divorcing federal employees need an RBCO
The division of retirement accounts is usually one of the most significant aspects of property division in divorce. Traditional retirement plans offered by private employers are typically divided between spouses using a qualified domestic relations order (QDRO) issued...