There are many couples in the Washington DC area who have created a prenuptial agreement in advance of their nuptials. There are many reasons why a prenuptial agreement may be a good idea and appropriate for their situation. But a person may also wonder if a...
Month: December 2020
Understanding the tax consequences of spousal support
In January 2019, changes to federal tax rules affected the taxation of spousal support. Prior to these changes, the payor of spousal support could write off their obligation from their taxable income. The recipient of spousal support, in this case, would count it as...
How will property be divided in a divorce in Virginia?
Divorce is often painful, and every aspect of it can bring up intense and sometimes combative emotions. This can lead to extended court battles when it comes to property division. For couples who can work out the division of marital property and reach an agreement on...
What are the differences between custody and parenting time?
There are many changes that occur when people in Virginia go through a divorce. People separate a life that they shared and now begin living two separate lives. This means that they need to divide all of their assets and begin paying for two separate households. It...