Division of property isn’t always an emotionally easy part of Virginia divorce. Many people are attached to certain items and feel bad about having to let them go to their ex. Sometimes legal matters, not emotional matters, complicate the division of property.
Many people think of dividing assets as splitting them straight down the middle, but it’s not always that simple. While Virginia law dictates that assets should be divided in a fair and equitable fashion, some cases require more thought on how this is to be accomplished.
For example, one of the partners bought a home during the marriage, but used proceeds from the sale of a home that was acquired prior to the marriage. Normally, anything bought while the couple was married is considered marital property, but in this case it was purchased with funds from the sale of the real estate that was owned prior to the marriage, which would be separate property.
It can also be difficult to put a value on some items like businesses, medical practices, works of art and other things. Your Virginia divorce attorney may need to sort through complicated cases by bringing in other professionals like appraisers and forensic accountants.
If you’re facing a divorce, in which you may run into complications with dividing assets, you should speak with an experienced divorce lawyer as soon as possible.
Contacting a Virginia Divorce Attorney
There are very specific rules governing divorce in Virginia. At Hofheimer Family Law Firm we are committed to providing you with the experience and compassion you deserve and the successful results you need to move on with your life. Request a FREE copy of our divorce guide for women in Virginia, or reserve your seat at our monthly divorce seminar – 757-425-5200.