Archive for 'Asset Division' Category
The property distribution portion of a divorce is often the most contentious. This is particularly true for high-net-worth individuals with complex assets, such as real estate investments. The family home is often an important part of this portion of the financial portfolio, but it may also include vacation and investment properties. Any couple with real […]
A business owned by a married individual may be a family’s main source of income. It is also a valuable asset in addition to being a source of revenue. As an asset, it is potentially vulnerable to division when the owner divorces. Some business owners and professionals who run their own professional practices assume that […]
Certain aspects of divorce tend to make people very anxious about the idea of ending a marriage. For example, many people worry about the financial implications of divorce because they have heard a story wherein someone lost their home or other valuable assets in what seems to be a very unfair property division decree. It […]
Virginians from all backgrounds run businesses. Someone who goes to school for psychiatry or dentistry might open their own professional practice after securing state licensing. Adults may also have learned a hands-on trade that ran in their family, which led to them taking over the family plumbing business. People even start franchises as a way […]
Some people say that home is where the heart is, but it is also where much of your personal wealth resides. The equity that you slowly accrue by making regular payments may represent a substantial portion of your overall personal estate. The downpayment you made toward the home, the amount of your monthly mortgage payment […]
You have to juggle a million different details mentally when facing a divorce. The more complicating factors you have for your divorce, the harder it may be for you to separate your life from your spouse’s. If you own a business, then there is a lot at risk when you end your marriage. Business owners […]
Owning and operating your own business can be a great way to spend more time with your spouse, but it can also put a lot of strain on your marriage. Real estate investments can offer multiple paths to profit, from reselling homes after rehabilitating them to renting properties out to others. Regardless of whether your […]
Going through a divorce is as difficult for Virginia residents as it is for any other couple in the US. It can be difficult to dissolve a marriage that started with so much hope. One of the best things that can happen in a divorce is that the split is amicable. An amicable split means […]
A divorce can come with significant emotional and financial turmoil. In Virginia, your spouse could be entitled to a portion of your 401(k) in the final divorce settlement. How funds in such an account are allocated depends on a variety of factors unique to a given case. A prenuptial agreement may determine how assets are […]
Property division is an essential part of divorce. It’s so important that, if you can’t agree on the terms of division with your partner, the court is likely to get involved. Virginia looks for equitable division in divorce. This means the court will look for a fair share for each partner, but not always an even […]
