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Divorce, Economics, and Inflation
When I was a brand new baby lawyer, fresh out of law school, it was a few years after the 2008 real estate crash. At that time, I remember seeing a lot of people – yes, even several years later – who came in with tons of debt and houses that were underwater. At the…
Instead of spousal support, can he cover the mortgage?
Spousal support is one of the trickier areas of law. For one thing, husbands don’t want to pay it. A few years back, the law was changed so that spousal support is no longer tax deductible. Though that sounds like a good thing – who doesn’t love money that the IRS isn’t counting towards your…
Refinance and Divorce
In case you haven’t heard, mortgage rates are really low right now, which may or may not have you thinking about a refinance. I get it; in fact, my husband and I just refinanced ourselves, which is what leads me to our discussion today. Well, that, and a recent consultation I had. In my consultation,…
Can we keep the house jointly after Virginia 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…
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….
Refinancing in Virginia Divorce: 3 Things to Know
3 Things to Keep in Mind When Refinancing Your Home Real property is often one of the biggest items to address in divorce and we have to figure out what will happen to it. A lot of our clients tell us they want to keep living in the former marital home after the divorce, which…
To keep, sell, or refinance the house in Virginia divorce
Real estate is easy. Either one or the other of you keeps it, in which case you refinance the mortgage to remove your spouse from liability, or you sell it and split the proceeds. There’s not a lot of options, so we can often cut to the chase pretty quickly. I want to keep the…
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…
He wants to keep the house!
The house is, in many cases, one of the biggest, most emotionally charged elements in a divorce, for husbands and wives alike. Of course, I don’t represent any husbands, but I can tell you about it from the wife’s perspective. The marital residence in Virginia divorce So, obviously, something has to happen with the house….
Keeping Kids in the Same School District in Virginia Custody and Divorce
I read an article the other day about parenting children through divorce and it cautioned parents to not beat themselves up over all the pain and suffering that their children would experience throughout their lifetimes. Though, as moms, we all tend to feel like it’s our job to protect our children from all the various…
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