
In Virginia, the Court does not have to divide marital property equally. The Court may divide the property into whatever percentage it deems to be fair and equitable. Consequently, a Judge could award the husband 20% of the marital assets and the wife 80% if they feel the wife contributed significantly more than the husband or if the husband squandered marital assets. Types of Marital PropertyIn Virginia, marital property does not have to be titled in both parties' names. For example, If one party’s name is on the deed to a house, but both parties lived in or contributed to the household during the marriage, the Judge could order that the |
party whose name is not on the deed still be considered as having an ownership interest in the house. Also, many military spouses are under the false impression that they are automatically entitled to a percentage of their spouse's military pension after ten years of service. This is not the case. Defense Finance and Accounting Services (DFAS) will not cut a check directly to a military spouse unless that spouse has been awarded the military pension by a divorce court of Competent Jurisdiction. Equitable Distribution DeterminationOur attorneys can meet with you and discuss your assets to determine how much money and/or property you are entitled to in a divorce. It is important to bring as much documentation to your attorney as possible to help him determine what assets you or your spouse may have. If your spouse is hiding assets there are discovery tools that we can use to help locate those assets. |
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