When most attorneys talk about divorce, they give the impression that there are all sorts of different “types” of divorce—negotiation, collaboration, mediation, litigation—but the reality is that there are really only three real choices. You either (1) negotiate your divorce by signing a separation agreement and decide for yourself how your things will be divided, (2) litigate your divorce and let the judge decide, or (3) you agree on what you can and let the judge decide the rest. What … [Read more...]
Divorce and the marital home: Part Two
A divorce is one of the most dramatic and profound financial transaction in most adult’s lives because it divides so many different assets and liabilities. Because of the nature of divorce, it’s virtually impossible to have more money afterwards than you did beforehand. Think about it: you have a certain number of assets, and you have to divide them in two. Not only that, but now you and your husband will have separate rent or mortgage payments to make, separate utilities, and … [Read more...]
Avoiding 401(k) Division Mistakes When Getting Divorced in Virginia
When a couple decides to get divorced in Virginia, they oftentimes think they have all the major issues smoothed out, such as their 401(k) division. Unfortunately, due to simple errors, many couples wind up making huge retirement division mistakes, but consulting with a divorce attorney in Virginia Beach can help prevent these 401(k) mishaps.Even in the cases where a couple agrees to divide the 401(k) assets fairly, matters can still go astray. Most mistakes are made during the settlement phase … [Read more...]
