Property Division FAQ

If you have questions about property division, the division of assets and debts, or equitable distribution, you are not alone! Many people find this process to be one of the complexities associated with divorce and family law topics.

Property Division FAQ

Northern Virginia Property Division Lawyer

Luckily, you can have a Northern Virginia divorce attorney on your side to ensure the best possible outcome for your case. Read more about some common property division questions below:

How does the court determine property division?

In the Commonwealth of Virginia, it’s called “equitable distribution, and refers to the manner in which all assets are divided among the former spouses. The courts will look at a wide range of factors, but namely, they look at the ages of the spouses, each other’s contributions to the union, the duration of the marriage, debts and liabilities, and of course, the specifics of how the marriage was dissolved.

What is marital property?

This refers to the property and assets that were acquired during the marriage. In these cases, it does not matter who paid for it, simply that it was acquired during the marriage.

Do I have separate property from my spouse?

Separate property is usually acquired before or after the marriage, and you get to keep this most of the time. Sometimes though, separate property can be transmuted into marital property during the marriage.

What are all the different kinds of assets divided in a divorce?

There are three general kinds – marital, separate, and hybrid property. Your property will be categorized appropriately, and then distributed between the two of you in what the court feels is a fair manner. This includes everything – from pots and pans to retirement and investment accounts.

What is the role of valuation?

There are three general kinds – marital, separate, and hybrid property. Your property will be categorized appropriately, and then distributed between the two of you in what the court feels is a fair manner. This includes everything – from pots and pans to retirement and investment accounts.

Don’t Navigate This Process Alone

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
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