What property in a divorce is marital?
In most cases, my clients have been with their husband for a number of years, accumulating a number of possessions – both consequential and inconsequential. Though we don’t often spend much time dividing the sheets and bath towels, other things, especially big ticket items like houses and cars, do occupy a fair amount of time…
Filed under: Property Dispute Tag with: DIVISION | house | hybrid property | inheritance | marital property | prenuptial agreement | property | real estate | separate property
Can we keep the house jointly after divorce?
Real estate is – sometimes – complicated. I started practicing law actively after the big crash in 2008, but I have been told by several other practitioners who were working at the time that property values meant that people who would otherwise have gotten divorced stayed together. When houses plummeted in value, it meant that…
Filed under: Uncategorized Tag with: CPA | deed | divorce | house | keeping the house | marital residence | real estate | separation | tax advisor
Bankruptcy and Divorce
If you have more debts than assets and you feel like you’re drowning, it may be that divorce shouldn’t be your first thought. Let’s break it down a little bit. Because, of course, financially, divorce CAN help, especially if there are some issues (like his general extravagance) that you want to get out from under….
Filed under: Uncategorized Tag with: assets | bankruptcy | debts | dividing debts | divorce | house | marital property | marital residence | real estate | refinance | virginia
Vacation Homes and Divorce
Equitable distribution is the fancy way we describe how property is divided in the Virginia divorce process. Under equitable distribution, the court looks at all a couple’s assets (the things that are worth money) and liabilities (yes, your debt gets divided, too!) and makes a determination about what each former spouse should take away from…
Filed under: Uncategorized Tag with: divorce | equitable distribution | equity | hybrid property | marital property | mortgage | real estate | real property | refinance | separate property | separation | underwater | vacation homes
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