The subject of dividing marital property during divorce can be extremely stressful and cause for argument between parties. If you and your spouse have decided to get a divorce, it is essential that you consult with a knowledgeable Richmond divorce lawyer about the subject of property division. Becoming familiar with Virginia divorce laws and how property and debt division are handled will benefit your case and allow you to make wise decisions.
At DeFazio Bal, our legal team can help you stay informed on how your assets will be handled throughout the divorce case. We want to ensure you are aware of your rights and work to aggressively protect them, preventing you from being taken advantage of.
You should speak with our firm as soon as possible after making the decision to divorce your spouse. Having legal representation on your side is essential to ensure your goals are met throughout the divorce process. Whether your spouse is willing to discuss property division in mediation or you must go to litigation, our Richmond property division attorneys can represent your best interest.
In Virginia, the courts work to come up with an agreement which is fair for both parties. This is usually 50/50 division, but that does not necessary mean it will be equal. The only property which is considered in property division is marital property, while separate property including inherited property, property prior to the marriage, and gifts are exempt.
To learn more about property division, reach out to a caring Richmond family lawyer from our firm at (804) 250-3729.