Though we talk a lot about division of the assets, we often spend a lot less time talking about division of debt. Even though dividing debt is always an important part of a divorce, it tends to take a backseat – not because it’s not important, but probably more because it’s a whole lot less...
Virginia Marital versus Separate Debt
In order to qualify for the benefits associated with marriage in Virginia, you’re going to need to actually walk down the aisle and get formally, legally married. Common Law marriage is a concept that has more or less fallen out of fashion and most states don’t recognize any kind of common law marriage designation. Though...
One of the attorneys in our office recently had a consultation with a woman who couldn’t get what she wanted. It wasn’t her fault; it wasn’t our fault. In this case, the law simply didn’t allow for it to happen. What did she want? She wanted child support to extend for her nearly-adult child to...
Equitable distribution is the fancy way we describe how property is divided in the Virginia divorce process. Under equitable distribution, the court looks at all a couple’s assets (the things that are worth money) and liabilities (yes, your debt gets divided, too!) and makes a determination about what each former spouse should take away from...