I’m always surprised at just how many people maintain separate bank accounts throughout the entirety of their marriage. Though I definitely understand the desire to keep things separate – and maybe to share expenses in a mutually owned household account – I do think that it often causes confusion about what is marital property...
We’ve always had separate accounts – so we’re good, right?
Debt is challenging under the best of circumstances, but when you’re considering a legal separation or a divorce, it can be a particularly challenging extra layer of complication. On its face, dividing debt is the same as dividing assets – in most cases, we look to the source of the debt, classify it as...
Dividing Inheritance in Divorce You probably already know (or at least suspect) that things that you earned or purchased during the marriage are marital property, and will be divided in the divorce. For most people, that means we’re talking about dividing the big ticket items – real property (houses and land), retirement and investment accounts,...
Technically, everything should get divided in divorce. Anything, that is, that was earned, purchased or acquired during the marriage.Technically, everything should get divided in divorce. Anything, that is, that was earned, purchased or acquired during the marriage. In Virginia (as in most places, though I can’t speak for anywhere outside the Commonwealth), property is divided...