Divorced or separated parents in Virginia may claim their children as dependents when filing taxes. However, they should be aware that if more than one taxpayer claims a kid as a dependent, the Internal Revenue Service will have to take a second look at the returns....
Some people view prenuptial agreements as planning for a marriage to fail. That is not true. A prenuptial agreement gives you and your partner the opportunity to plan for the future. While it may not sound particularly romantic, it can help get your marriage off on...
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...
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...
After divorce, a Virginia couple may need to create a parenting plan for custody and visitation. Parents should think about this schedule from the child's point of view. This means considering the child's schedule as well as where they both live and the location of...
About half of all first marriages end in divorce, and the odds only get worse the more times someone gets married. For divorcing couples in Virginia, financial times can often get rough after separation. That's why it's a good idea for each party to carefully consider...
Virginia fathers who are going through the divorce process are often concerned about how the separation will impact their children. Many dads in this situation are faced with the dilemma of giving up sole custody to the mother. Part of the reason why this question...
Though the state of Virginia does not require alimony or spousal support as part of your divorce settlement, a judge may order you to pay support to your ex. If you are in the middle of your divorce proceedings, you may not mind agreeing to payments to speed up your...
Financial pressures can undermine marital relationships. Couples in Virginia who fight frequently about spending and debt face a 30 percent higher chance of getting divorced, according to a recent study. Money challenges might confront new spouses right away or arise...
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,...
