Divorce is difficult for many reasons. Separating a married couple's finances is often one of the most challenging aspects. People who fail to plan for their post-divorce finances often struggle. These tips can help. Beware of one-size-fits-all advice The divorce laws...
Divorce
Why a large number of people seek divorce
Over the years, the number of people in Virginia getting divorced has slowly but steadily increased. While there can be many reasons for this, some of the most common include the following. Wanting to end an unhappy marriage A marriage is supposed to be a relationship...
Is your parenting plan effective?
Charting a course forward for your children after divorce takes tremendous work. If your parenting plan is inadequate, you may find yourself in an even more difficult situation. The parenting plan sets out how you and your ex plan on co-parenting your children. While...
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...
What happens to your engagement ring when you divorce?
Even though you are ready to end your marriage and move on with your life, you have taken a liking to your engagement ring. After all, not only does the ring remind you of more joyful times, but it is also beautiful. Moreover, depending on its makeup and history, your...
The fate of your medical practice in Virginia divorce
A divorce can affect almost all areas of your life, including your profession. If you have a medical practice, chances are, the court may need to value it and give part of it to your spouse, following Virginia family laws. How Virginia divorce laws may apply to your...
Different child support payment methods in Virginia
If you recently ended your marriage and you owe child support, it is important to do everything you can to stay current. Parents who fail to pay support in full can face harsh consequences, such as the loss of their driving privileges, financial penalties and even...
Can you rebuild your finances after divorce?
Getting a divorce might completely change the way you manage your finances. Depending on your situation, you might lose income while simultaneously taking over new financial responsibilities. Contrary to what some may say, rebuilding your finances after a divorce is...
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...
How a divorce can affect your estate plan
Virginia residents who are going through a divorce should not overlook how their property settlements might affect their estate plans. Careful drafting of property settlement agreements involving life insurance is important to avoid potential problems. Life insurance...