It is normal to have concerns about money and property when navigating the end of a marriage. A divorce will lead to financial changes for both parties, and it is beneficial for one to make smart decisions when considering terms that will impact his or her long-term...
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Making prudent financial decisions during a divorce
Ending a marriage will bring inevitable financial changes for both Virginia spouses. It can be challenging to navigate a divorce in the midst of these changes, and it may be necessary to make immediate adjustments to spending and lifestyle expectations. While in...
Handling checking accounts appropriately during a divorce
Money is one of the most common reasons Virginia couples choose to end their marriages. Disagreements over money do not stop simply because the marriage is over, and these disputes can continue well into the divorce proceedings. This is why it is important to handle...
The way a couple talks about prenuptial agreements matters
It can be difficult to bring up the possibility of a future divorce before even walking down the aisle. No Virginia couple wants to discuss their financial concerns if the marriage ends at some point, and for this reason, many avoid drafting prenuptial agreements....
What should women know about money and divorce?
Ending a marriage will affect virtually every area of life, and one’s finances are no exception. Money, the division of marital property and distributing shared debt are some of the most common reasons for litigation and contention during the divorce process in...
More couples choosing to divorce later in life
Bill and Melinda Gates recently announced they were ending their marriage after decades together. The couple has amassed billions of dollars over the course of their 27-year marriage, and many are wondering how their divorce will affect their fortunes and financial...
Couples of all income levels benefit from prenuptial agreements
Making the decision to marry is a life-altering choice, and it will have a significant effect on the finances of both spouses. This is why it is prudent for Virginia couples of all ages to consider the benefits of a prenuptial agreement, even if they are not rich....
How will divorce impact retirement savings?
Money is one of the most common concerns for two individuals who have made the decision to end their marriage. Divorce requires a Virginia couple to divide all of their marital property, including their long-term savings. What happens to retirement savings is one of...
Hidden assets can skew fair property division
During a divorce, each spouse will pursue terms that allow him or her to have a strong financial future. Fair property division is a key component to this for both parties. When one spouse attempts to hide assets in order to keep a larger share of marital assets and...
Preserving a financial future after a divorce is final
The end of a marriage will bring significant financial impacts that will affect a Virginia adult for years to come. The consequences of a divorce can be significant in terms of finances and future security, but there are steps one can take now and in the immediate...