In Virginia, before we divide property in divorce, we classify it as either separate, marital, or hybrid. Separate property is just that – separate – so it is owned by only one party and it is not divided in divorce. Marital property, on the other hand, was either earned, purchased, or acquired during the marriage. ...
Is pre-marital property separate?
It can be confusing understanding how property is divided in Virginia divorce – or even what, exactly, is divided. In Virginia, there are three classifications for property – hybrid, marital, and separate – and only the marital portions are subject to division. Hybrid is, as its name suggests, part marital and part separate property. ...
If you have a trust fund or received an inheritance – whether before, during, or after your marriage – one of your big concerns when it comes to separation and divorce is probably how to adequately protect that asset. For many families, divorce marks a major turning point in their lives, especially as it relates...