WHAT ASSETS AND DEBTS ARE DIVIDED IN A DIVORCE IN VIRGINIA? When a couple decides to divorce, they should make every attempt to agree to a division of all marital assets and debts for the divorce to be finalized. This agreement is memorialized in a Property Settlement Agreement. Some parties are able to agree on …
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WHAT IS CONSIDERED SEPARATE PROPERTY IN A DIVORCE IN VIRGINIA? In Virginia, anything acquired premaritally, which can clearly be traced into one party’s separate name, is their separate property or responsibility. If this premarital property was comingled during the marriage, it may become eligible for division. Let’s discuss what this means: Examples of Separate Property …
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