In the United States, 40 – 50 percent of all first marriages end in divorce or separation. Sixty percent of second marriages end in divorce and a whopping 73 percent of third marriages end that way. You may be asking yourself, “do all of these divorces get resolved in...
Read moreEven when there are no heated emotions, finalizing a divorce is often complicated. It can be complicated for legal reasons, financial reasons, or both. One factor that can make it harder to settle a divorce in Virginia is business ownership. This is because businesses here are regarded as property,...
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Virginia divorce law allows for the recognition of personal and professional goodwill in the context of valuing a business owned by one or both of you. But just what is goodwill? What are the differences between personal and professional goodwill? And why is this so important. Keep reading to...
Read moreThere’s no other way to put it. Virginia divorce law is complicated – especially when it comes to splitting property. In large part, this is because the law mandates that all relevant property is identified as marital, separate, or part marital and part separate (hybrid property) to facilitate a...
Read moreApplicable state laws In accordance with Virginia law, a judge must take certain factors into consideration when trying to decide whether to award spousal support or “alimony.” However, when it comes to related questions, such as how much to award and how long someone must provide this type of...
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