How is debt divided in Virginia divorce?

Everything gets divided in divorce—including the debt. If you really think about it, it’s not all that surprising. If you get half the dishes and he takes half the dish towels, certainly at some point you’re going to start talking about that Sears card. Or the line of credit that helped you renovate your kitchen….

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Protecting Yourself in a Relationship: Part Two

On Monday, we talked about how contracts can help in a bunch of different situations.  Whether you’re married (and want to stay together), married (and want to get the heck out as soon as possible), unmarried (and never plan to marry), engaged, or anything in between, you can negotiate a contract that helps protect you—no…

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Protecting Yourself in a Relationship: Part One

There is really no such thing as a cookie cutter divorce.  Though there are things that we see over and over again, and there are certainly some themes that emerge, at the end of the day I think that it’s safe to say that most divorce attorneys would say that every single divorce is different….

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Can he take all the money and leave me with nothing?

When you were happily married, you probably happily shared just about everything without thinking twice.  From your income to your leftover spaghetti, you doled things out evenly between the two of you, and worked together to solve your problems.  You made decisions to spend money together, and you saved together for certain shared goals. When…

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What is tax deductible in divorce?

On Wednesday, we talked a little bit about what to do during your divorce after you separate and your husband cuts you off from marital funds. The trouble is that money is almost always very tight during and after divorce, and it’s very rare that anyone walks away without worrying a little bit about what…

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Getting Support Early in Your Divorce: The Income and Expense Sheet

Money is tight in a divorce. It’s a universal truth. It probably goes without saying that when people take a life that was formerly supported by two incomes, divide it in two, and then start funding two different lives separately, it can create some financial drama. Divorce isn’t like a personal injury case, where the…

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How to Divide Property in Divorce: Financial Records You Should Have

In order to really be able to divide everything in a divorce, it’s first necessary to figure out what “everything” includes. For most people, it includes basic things, like a house, some bank accounts, a retirement account or two, a few cars, and some kids. In other cases, things get a little more complicated. We…

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Social Security Benefits for Divorced Women

Concerns about divorce don’t just end after you’re divorced. After your final divorce decree is signed and filed away in the court’s records, that doesn’t mean your life just bounces right back to normal. Especially if yours is a longer term marriage, you’re going to feel the ripple effect from your divorce through all areas…

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12 Major Financial Mistakes Women Make in Divorce: Part Two

If you’re going through a divorce, you’re probably wondering exactly what you don’t know you don’t know. After all, that’s always the question, isn’t it? You know a few things, and you’re hyperaware, but you know there are other things that, because of your inexperience, you’re probably missing. It’s not your fault; if you got…

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12 Major Financial Mistakes Women Make in Divorce: Part One

Divorce can be financially ruinous, especially for women who are unprepared. When you think about divorce, especially if it’s really new to you, you probably feel anxious and overwhelmed. It’s a big deal! There are a lot of different things involved, and it’s hard to think about retirement accounts and refinancing and credit card debt…

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