Occasionally when a couple in Virginia divorces they will agree to sell their family home and divide the proceeds. However, it is often the case that one spouse will keep the family home, especially if the couple has children living there. When this happens, couples...
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Amazon founder settles property division issues in his divorce
Most people in Virginia have ordered something from the online retail giant Amazon at some point in time, and it seems like the company grows in popularity every day. The CEO of Amazon, Jeff Bezos, has recently settled his divorce with his wife, MacKenzie Bezos.Under...
How to prepare for the property division process
When a couple in Virginia decides to end their marriage, they will need to make some important decisions regarding the division of their assets and liabilities. These decisions can affect their entire future post-divorce. It is important for each party to be prepared...
How can Virginians prepare for the financial aspects of divorce?
Divorce involves not just the unraveling of a personal relationship, but also a financial relationship. Virginia couples seeking to end their marriage will face financial and property issues that must be resolved before they can part ways. Property division is a major...
Life has changed — can spousal support in Virginia change too?
Paying spousal support can be a sticking point between a couple, even after their divorce is finalized. Not only does it tie a person to an ex-spouse well after their marriage has ended, but life events may occur that makes one party feel the spousal support order...
Virginia courts must consider many factors when dividing assets
Married couples in Virginia who are facing a divorce may find that one of the most contentious issues is property division. After all, certain marital assets have significant financial or sentimental value. For example, disputes can arise as to which party will retain...
Business valuation may be necessary in some divorces
Many business owners in Virginia see financial success as they run their enterprises. This success can occur during marriage, meaning that both spouses benefit from it. However, not every marriage is meant to last and some couples will end up seeking a divorce. This...
Prenups and postnups are about more than just dividing assets
What is behind many divorces? Some may say disagreements about money and a lack of communication between spouses are two primary reasons a couple may decide to end their marriage. However, executing a prenuptial agreement (called a premarital agreement in Virginia) or...
What financial issues will be addressed in a Virginia divorce?
Divorce is one of the biggest changes in life a person can undertake. Not only is one transitioning from married life to being single, but they may find that this transition touches not only their personal life, but their financial situation as well. Therefore, it is...
New tax laws could affect Virginians seeking a divorce in 2019
The 2017 Tax Cuts and Jobs Act brought with it many changes to our nation's tax laws, including changes that could affect divorcing couples in Virginia and nationwide. Specifically, these tax laws affect how spousal support, also known as alimony, is paid and...
