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asset division Archives

What if your spouse is wasting assets?

There are many things that individuals might do in preparation for a divorce. Unfortunately, some spouses cross the line and engage in activity aimed at trying to unfairly lower what their soon-to-be ex would receive in property division in the divorce. One of the actions that sometimes comes up is a spouse wasting assets. This is referred to as asset dissipation. Generally, this is when a person spends or wastes marital assets in order to keep these assets out of the hands of his or her spouse in a divorce.

What can couples do to reduce financial fighting?

Finances have the potential to be a major source of argument within a marriage. And fights over money can have major impacts on a married couple’s relationship. Research has pointed to it not being at all uncommon for divorced couples to cite financial issues as being a factor in their divorce.

What is separate property in Virginia divorces?

Many things impact what will happen with a given asset in a divorce. One of the bigger factors is whether the property in question is separate or marital. Marital property generally is eligible for division in a divorce, while separate property typically isn’t. Today, we will go over the basics of separate property in Virginia.

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