A Virginia Asset Division Attorney On Your Side
Property division, pension division and debt division in a divorce can have a lifelong impact on the quality of your life. The end of a marriage is an emotional time, significantly affecting the ability to make clear and rational financial decisions. At Robert L. Isaacs, P.C., we can help you identify your marital property interests and develop an individualized plan based on your needs and goals to achieve an equitable division of property.
To discuss your goals and concerns with an experienced divorce attorney, arrange a consultation by calling 804-728-0228, or complete our contact form. We have offices in Henrico and represent clients throughout Henrico County and the Richmond area.
Protecting Your Marital Property Rights
Marital property division, meaning “assets and debt obligations,” in Virginia, is called “equitable distribution.” The court must first classify the property into one of three categories: marital, separate or hybrid. The court must also determine the property’s value. Classification and valuation are determined through legal analysis, appraisals, tax assessments or expert opinions. The court, in determining how to divide this property, must consider factors such as:
- Monetary and nonmonetary contributions of each spouse
- Length of the marriage
- Tax implications
- Circumstances that contributed to the divorce, including adultery
Property division presents extremely complex challenges that require the help of an experienced and dedicated legal team. Starting with your initial consultation, we will map out a detailed plan. Through the divorce process, we help identify, value and classify property accumulated during the marriage, including any real estate holdings, business assets or retirement savings that may be involved.
We have developed unique and proprietary tools to help facilitate and explain the division of assets. These tools simplify property division and keep the various assets and liabilities in proportionate perspective. Most importantly, they help us plan efficient strategies and solutions.