If you’re considering a divorce and you live in Virginia, you’re probably wondering how, exactly, we divide assets here. You are definitely in the right place and I can help you begin to understand what to expect and what to ask for. Let’s jump right in, shall we? So, first thing’s first. Before we can...
How does Virginia law divide assets generated in a marriage?
If you, like everyone else, are reading Belle Burden’s memoir on marriage, Strangers, you probably noticed that prenups feature dramatically in the storyline. I have made no secret of the fact that, over the years, I do not have a strong positive opinion of prenups. In fact, my experience with prenuptial agreements throughout the years...
Question: When my husband and I married, he owned a home. It was in his name but not paid off; we paid the mortgage together and made small improvements over time. Later, I became disabled. I took some money that I had – a little bit from an inheritance, and some from my retirement accounts...
For the most part, if you have a well-drafted separation agreement or even a very basic court order, you should be clear on what, exactly, needs to happen to wrap everything up with a nice little bow on top once your divorce is finalized. Sometimes, though, that is not the case – whether because of...
No matter how long you were married, the assets you generated in your marriage matter. Not only will you never be younger, but – if you waive too much – you’ll never have the chance to take advantage of compounding interest. That can be the difference between being able to retire and … not. Sure,...
Very few things in the world are truly ‘one size fits all,’ even though it can sometimes feel that way. There is more than one solution to a problem and the same is true for spousal support. Though many women – and it’s not always women, but, hey, that’s my audience – receive a certain...
As far as equitable distribution – the legal process where your assets and liabilities are divided during divorce – is concerned, division of the retirement accounts is pretty easy. But, because retirement accounts represent a large portion of what most people have saved throughout their lives, they are also very emotionally complicated. The higher earning...
For a long time, I thought the ten year myth – the idea that you had to be married for ten years to be entitled to a portion of the military retirement – was limited to military divorces only. Please note, of course, that I called it a MYTH. I didn’t realize that many civilians...