Property Division Archives

Filing for divorce: Financial issues to keep in mind

When you got married in Virginia, you likely thought about your wedding day plans long in advance. Even if yours was a simple ceremony, you no doubt envisioned the way you wanted things to look and how the celebration should unfold on the big day. This is true for most important occasions in life. It usually takes a bit of forethought and planning to prepare for life's milestones.

Who Gets Pet Custody?

Negotiating the terms of a divorce settlement can be a complicated and stressful process for everyone involved. This process can become even messier when a couple has pets. Pets have a special place in their owner's hearts, which can lead to major custody disputes. In this blog, we explain what you need to know about pet custody when it comes to divorce.

What Do I Need in My Estate Plan for Retirement?

Although retirement is an important milestone in a person's life, many people aren't able to enjoy this phase because they failed to properly plan their estate. It is crucial to occasionally review and update your estate plan so that you are prepared for the years ahead. In this blog, we tell you the things you need to include in your estate plan for retirement.

What Is A Temporary Order?

There are numerous issue that must be resolved when a couple decides to get divorced. Figuring out child custodyarrangements and spousal support can take months, and even years in some cases. When it comes to dividing your marital home, there are issues that need to be decided quickly before the divorce can be finalized. In this blog, we explain what a temporary order is and how it can be used to resolve disputes between you and your spouse.

Discovering Hidden Assets During Divorce

Many people facing divorce will try to hide assets to prevent them from being distributed in the settlement. This is especially common in high-net-worth divorces. The National Endowment for Financial Education estimates that 2 out of 3 divorces involve hidden assets. Digital technology makes it more difficult to hide assets than in the past, but plenty of people still try. Learn what you can do to uncover assets your spouse may have hidden from you.

What is 'Wasteful Dissipation' of Marital Assets?

When a couple divorces, they will divide their shared assets. When a divorce is less-than-amicable, it is possible that one spouse may spend money on wasteful things so the other cannot gain the money in the divorce settlement. Hiding or concealing assets is a common behavior in divorce cases, but others may waste the money to avoid giving it to the other spouse. Whether this waste is an intentional denial of assets to the other spouse or the side effect of poor financial habits, wasting shared assets can have consequences in divorce court.

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