These days, it is not unusual for a couple in Virginia to divorce, even if they had been married for decades. In fact, the Pew Research Center reports that, since the 1990s, the rate of divorce for couples ages 50 and up has increased twofold. People may be realizing that as the years go by, they grow apart from their partners to the point that the marriage is untenable. Or, some couples who have been staying married for the sake of the children may find that once the children leave the nest they are ready to end their marriage.
Married couples in Virginia may be keeping an eye on their credit score for a variety of reasons. They may be looking to buy a home, a new car or even something fun such as a boat or an RV. And, some simply want to be financially savvy when it comes to their own money, and will keep an eye on their credit score simply so they know where they stand. However, divorce is a reality that many couples eventually face. What they should know, however, is that getting a divorce can have an effect on their credit score due to a variety of circumstances.
Many married people in Virginia are successful entrepreneurs, building a business from the ground up. In addition, many of these entrepreneurs are married. However, not every marriage is meant to last. When a business owner is facing the prospect of divorce, they may wonder how to protect their interest in the business through the property division process. After all, most people going through a divorce do not relish the thought of being a business partner with their ex. Fortunately, there are still some steps business owners can take to protect their business.
When it comes to warring spouses in a divorce, the spouse who is granted the house may think he or she has "won." However, homeownership is a financial responsibility, one which now must be done on a single income. Sometimes a spouse in Virginia is happy to no longer be shackled to a home that holds bad memories. Whichever side of the coin one falls on, there are some important things to consider with regards to dividing the family home in the property division process, including the possibility of refinancing once the dust has settled.
People in a failing marriage may be eager to end their relationship as quickly as possible. However, those in Virginia who are seeking a divorce may want to make sure they do not act rashly but instead take the time they need to end their marriage in a way that protects their best interests.
Finances are often at the heart of many arguments couples have while married, so it should come as no surprise that if a couple decides to divorce, financial issues are still a source of contention. Sometimes, one spouse may even try to hide assets from the other spouse, so they can get the upper hand in the divorce. This is illegal, but it does happen. Therefore, Leesburg spouses should be aware of signs that their spouse is hiding assets.
Couples seeking a divorce in Virginia, whether they have been married only a few years or whether they have been married for decades, are faced with decisions about what to do with the property they amassed while married. Who gets the house, the cars, electronics, furniture, artwork and jewelry? Couples seeking a divorce may be surprised at just how much marital property they have that must be divided.
Couples in Virginia who worked hard for decades at their place of employment look forward to the day they are able to retire. However, sometimes life throws a curve ball, and a couple divorces before they are retired. This could have a significant impact on their retirement plans.
Business owners in Virginia may spend many years cultivating what was once a simple "mom and pop" operation into a large, successful business. However, the day may come when a business owner in Virginia wishes to sell his or her business. When this happens, business owners looking to sell their business will need to determine what an appropriate value of the business.
Issues can arise during the purchase, sale, development, construction, financing and/or leasing of commercial and residential real estate. A recent Whole Foods development in a neighboring community provides context.