Jump to Navigation

Property Division

Who gets the house? What about the debt? Am I entitled to some of his or her retirement fund? Do I have to share my inheritance?

When a separation and divorce occurs, permanent financial decisions must be made. Be very careful how you make these decisions. They can have a LIFELONG effect on the quality of your life. If you have questions about your division of property / divorce settlement, contact our firm and arrange a consultation.

An attorney can help you do a careful and complete assessment of the financial assets involved in your divorce, including personal property, the home, investments, retirement plans, hidden assets, income, health insurance, and business stock or partnerships.

In Virginia, division of property by the court is called "equitable distribution". Assets can be considered by the court to be "marital", "separate", or "hybrid". Marital property and the marital portion of hybrid property will be divided. The date of acquisition will be used to determine the classification of property. The valuation and classification may involve appraisals, tax assessments, or expert opinions.

Other factors considered include the monetary and non-monetary contributions of each party, the duration of the marriage, tax implications, and circumstances contributing to the divorce.

If you are considering divorce, or suspect your spouse is planning on filing for divorce, it is important that you take steps to protect your economic future before separation, if possible. We can help you with the process of identification, valuation, and classification, to establish your equitable distribution rights.

Property Settlement Agreements

If you are concerned about your rights concerning property division, contact our Virginia divorce lawyer office today.

CONTACT US

Bold labels are required.

Contact Information

I would like to schedule an initial consultation regarding:

disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

News & Upcoming Events Hall & Hall's Elder Law Blog

QUESTIONNAIRES Articles Hall & Hall's Divirce & Custody Blog
Facebook Twitter Linkedin Google Plus

RICHMOND OFFICE 12090 West Broad Street, Suite 200, Richmond, VA 23233