Property Division In Virginia Divorces
Are you facing a divorce in Virginia? Do you have substantial assets that you are worried about losing when you go your separate ways? Even if you don’t have a high value property or a lot of cash on hand, it is still important to get your fair share.
For assistance with property division matters — even those that are amicable — contact an experienced family law and divorce attorney from the Warrenton law offices of Mark B. Williams & Associates, PLC, for assistance. Our skilled lawyers have years of experience helping individuals like yourself. We will fight for what is rightfully yours, helping to get you the best possible result from your divorce or split.
What Is Property Division?
In Virginia, the courts have a standard called “equitable distribution” in dividing property. Rather than a strict 50-50 split of property and assets, courts take various factors into account in an attempt to arrive at a “fair” resolution. Your ability to earn income, your education and what you brought into the marriage are considered, among other things.
Marital property is defined as property acquired from the date of marriage to the date of separation and is divided by the court. Separate property is property or assets acquired prior to the marriage, after the date of separation, or gifts that have been given during the marriage by someone other than their spouse. Separate property is not divided by the court and is retained by that party.
However, when moneys are commingled, for example, funds from your bank account were used to open a common account, it becomes complicated to divide. Before the court can divide the marital property, we must establish what is your own, separate property.
Don’t Leave Your Future To Fate ~ Contact A Skilled Property Division Attorney
You have much to lose if the legal process does not go as you need or desire. Let our property division lawyers help you attain the results you need. Contact us online or call us in Warrenton at 540-254-0757 to schedule a consultation with one of our lawyers. For the convenience of our clients, we accept credit cards and offer after hour consultations.