Spouses might acquire residential or commercial properties and serve as landlords to tenants. They might acquire properties in poor condition to renovate and resell. The acquisition of vacant land held to wait for prices to appreciate is also a common investment...
In a divorce, assets tied to hedge funds can raise questions that do not come up with regular income or savings. One of the hardest to address is sweet equity. It usually refers to future carried interest that has not yet paid out. This means you may see value on...
Spouses with investments often face major financial complications during divorce proceedings. The larger and more complex the marital estate is, the more difficult it may be to reach an agreement about the equitable distribution of marital property. Certain types of...
High-value assets, such as a marital home and other real estate holdings, often become focal points during property division proceedings. Spouses may disagree about who keeps the property and even what the home is worth. Securing an appraisal can help but doesn't...
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...
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...
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...
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...
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...
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...
