In most high-asset divorces, the division of the marital assets (and debts) is second in importance only to the custody arrangements for any minor children that the couple share. It is certainly true that the more assets a couple shares, the more challenging it will...
High-Asset Divorce
What will happen to my retirement fund in a divorce?
Most people in Fairfax and Leesburg have a lot of wealth tied up in their retirement plans. Some in the area may have a 401(k) plan through their private employers, while public employees and others may be entitled to a retirement pension after so many years of...
What happens to my business in my divorce?
Property division in divorce can be the most stressful and complicated portion of the entire process. Splitting up the assets of between two people includes bank accounts, retirement assets, and expensive property like homes, cars, and boats. These assets are...
Reducing the effect of divorce on retirement
Regardless of how close or far away retirement might be for a Virginia couple, divorce could make a significant dent in their retirement savings. Further complicating matters may be the fact that it can be difficult to set aside emotions during divorce negotiations....
Divorce and what may happen to a business
Virginia business owners who are getting married might wonder how they can ensure that the company does not become a point of contention if there is a divorce. With a prenuptial agreement, the couple can establish that the business is separate property, and it will...
Divorce stress can impact performance of executives and owners
Business owners and members of upper management in Virginia often have a lot at stake when they negotiate their divorces. Decisions about the division of real estate, retirement accounts and business assets often involve tension or outright disputes. The possibility...
Dividing a 401(k) after divorce requires care
In many divorces, one or both parties will have a 401(k) retirement account through an employer. As with other assets, the 401(k) is usually considered a part of the marital estate and is subject to division in Virginia. But when dividing these retirement accounts,...
Rebuilding retirement savings after divorce
Getting divorced in Virginia can have a very negative impact on retirement plans. When spouses get divorced, they will have to divide all of their marital assets, including the money that they have saved in their retirement accounts. However, there are several ways...