Choosing the Best Time to Get a Divorce in Virginia
Life is full of surprises, and unfortunately they’re not always pleasant ones. If you’re getting a divorce in Virginia, you may not have that much say in scheduling your split, but if you do have the choice, choose wisely. Your timing can greatly affect your post-divorce finances.
While there’s no perfect time for divorce, there are certain conditions in life that can make the transition easier, and it’s all about timing:
- Before receiving an inheritance. If you’re expecting to inherit money or assets, you should divorce before the inheritance comes into your possession. That way, it’ll be all yours and not end up being considered marital property.
- When your children are in high school. When it comes to finances, divorcing while the kids are older may have some benefits. The child support payer may only have to fulfill that obligation for a few years. Also, if a child is applying to colleges, living with a single parent may help him or her receive financial aid.
- When housing prices are strong. If you and your ex are looking to sell the house, you may benefit from divorcing in a sellers market that may allow you to cover your mortgage and walk away with some money left over.
- When your credit is good. It’s best to go into a divorce with credit that’s good enough to weather the storm and allow you to obtain the things you will need in order to start your new single life.
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.