Your Strong Post-Divorce Future Starts Now
When people come to our office to discuss their divorce, one of the most common questions we hear is, “What will my divorce cost me?” For many clients, this question is about more than the financial expenses associated with divorce — it is about the changes in lifestyle, new financial obligations and loss of some personal property.
Marital assets, which includes all money, assets and property accumulated over the course of the marriage, are subject to division in divorce, as is all marital debt. In Virginia, the courts divide marital property equitably — fairly, though not necessarily equally. At Powell Radomsky, PLLC, we help our clients fight for fair property division settlements either in out-of-court negotiations or in court.
What Do You Need To Know About Property Division?
Our lawyers search for common-sense and practical solutions. It is often possible to reach a negotiated settlement that is satisfactory to both parties, but we are prepared to fight for your interests in court, if necessary. Our goal is to provide quality customer service, favorable results and peace of mind about the future.
When making determinations regarding marital assets and debt, courts may ask the following questions:
- What did each party contribute to the well-being of the family?
- What were the circumstances that contributed to the dissolution of the marriage?
- Did either party spend money for a nonmarital purpose in anticipation of getting a divorce?
Property division can be particularly difficult for high-income earners and those with substantial assets. Complex cases do not intimidate us, but rather, our attorneys will work together as a team and with other financial professionals to build a strong case on behalf of our clients.