Understanding Virginia Equitable Distribution
Are you facing a divorce? If you have done any research on Virginia divorce, you have probably seen how complicated the law can be, particularly to someone who is going through an emotionally demanding experience. From distribution of assets and debts, to child custody and support, it is important to have an experienced Virginia divorce lawyer on your side.
Virginia’s divorce statutes call for an “equitable” distribution of marital assets and property between each party. This does not mean the courts split the property down the middle or 50/50. Rather, they try to divide the assets up in a way that is fair to each party.
The court looks at the following factors in determining how the marital property and debts should be divided:
- Contributions to the marriage (both monetary and nonmonetary)
- Contributions to the upkeep and maintenance of marital property
- Marriage Duration
- Age of the spouses
- Mental and physical condition of each spouse
- Grounds for the marriage
- Debts and liabilities
- Tax consequences
- Other factors deemed necessary by the courts
It is important to note that, while the court makes the final decision, you can work with your spouse to divide the assets and debts in a manner that is fair to you both. This negotiation can be done through divorce mediation or with an experienced Virginia divorce lawyer.
Learn more about what to expect in a Virginia divorce court.
Retaining a Virginia Divorce Lawyer
If you have questions regarding equitable distribution of your marital property, it is important to contact an experienced Virginia divorce lawyer. At this vulnerable time, it’s critical that you have exceptional legal representation that not only understands the specifics of your case, but is dedicated to your best interests and that of your family.
The Virginia divorce attorneys at Hofheimer Family Law Firm specialize in representing Virginia women who wish to file for divorce. We are committed to fighting for your rights, assisting in child custody disputes, and ensuring that you receive everything you are entitled to and need in order to start your new life. Contact us to set up a legal consultation of your case – (757) 425-5200.