Many older Virginia residents working their way through divorces have valid concerns about having enough saved for retirement. Divorce often has a substantial impact on your retirement savings and financial future. If your spouse was the primary breadwinner in your...
Alimony
Data on marriage and divorce in the U.S.
Whether your relationship with your spouse has fallen apart as a result of disagreements regarding finances or raising children, or your relationship cannot recover from an extramarital affair, it is vital to familiarize yourself with the ins and outs of divorce. From...
What determines the value of alimony payments?
Alimony, or spousal support, is a requirement in some divorce settlements. This payment might be something you will pay, or it could be something your ex must pay to you. The paying party generally has more work experience and a higher income, while the non-paying...
When will the court end spousal support obligations?
Ending spousal support before the original order states it should terminate depends on clear and convincing evidence of certain conditions. Virginia law outlines specific conditions under which a judge will end the spousal support obligation, but it is up to the...
Should you look for hidden assets?
When going into a divorce situation, many different aspects will cause additional levels of stress. However, most people find asset division as one of the hardest technical parts of divorce. During this process, it is possible for a spouse to attempt to hide assets...
How the court calculates spousal support
Virginia courts determine the proper monetary amounts for spousal support, or alimony as it's called in other states. There are specific guidelines and criteria that the courts use to make assessments. Factors the court considers Each divorce and alimony decree is...
Your divorce, spousal support and the Virginia alimony tax law
If you and your spouse are ending your marriage, you face either a contested or uncontested divorce. Either way, the subject of alimony may come into play. When deciding on an alimony award, the court will consider several factors. A recent change in the tax law will...