Financial hardships can put a lot of stress on married couples. But, a couple getting to a strong position financially is no guarantee that a marriage will last. In fact, the American Academy of Matrimonial Lawyers indicates that good economic times actually see relatively high divorce levels here in the United States.
There are a range of things that could be done with the family home in a divorce. One is that you could keep the house, buying out your ex’s interest in it. When considering this route, there are many important things to think about. We’ll go over some of them today.
There are many situations in which a business owner may be worried about the future of his or her company. One is if he or she is getting divorced. Major concerns about what will happen with the business in property division can arise.
There are certain things that could endanger your ability to get the fair property division settlement you deserve when getting divorced. One is your spouse hiding 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.
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.
Some couples go into a divorce with a large number of investments. What happens with such assets in a divorce can have major long-term impacts.
What happens with a couple’s retirement plans and pensions in a divorce can have considerable impacts. Today, we’ll go over some of the basics of how such assets are treated in divorces here in Virginia.
When determining what would be a fair division of property in a divorce, among the things that are looked at is how much the couple’s various marital assets are worth. So, valuation is often a big issue in Virginia divorces.
A wide range of property division issues arise in divorces. For many divorcing couples, one of the biggest to address is the matter of what to do with the family home.