WHAT HAPPENS TO THE HOUSE IN A DIVORCE IN VIRGINIA?
Clients often have many questions about the parties’ real property acquired during the marriage, known formally as the “marital home”. This article will provide some insight as to what to expect: Who keeps the house? The spouse who maintains ownership of the house is determined by who can afford to do so. The following scenarios […]
WHAT IS CONSIDERED SEPARATE PROPERTY IN A DIVORCE IN VIRGINIA?
In Virginia, anything acquired premaritally (before the marriage), which can clearly be traced into one party’s separate name, is their separate property or responsibility. If this premarital property was comingled during the marriage, it may become eligible for division. Let’s discuss what this means: Examples of Separate Property v. Comingling Assets To understand the difference […]
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