When you're getting ready to file for divorce in Virginia, preparing yourself emotionally is only half the battle. You'll also need to prepare yourself financially so you can support yourself after you've split from your former spouse. Otherwise, you might find...
Divorce
How will equitable distribution impact your retirement savings?
In Virginia, the courts try to divide divorcing couples’ property in a way that is fair or “equitable.” This approach to property division can have a significant impact on your retirement savings, especially at the end of a longer marriage. How will Virginia property...
Why women are more likely to initiate divorce than men
In recent years, women have started initiating divorce more frequently than men. In fact, studies have shown that nearly 70% of divorces are initiated by women. Decades ago, women were largely reliant on their husbands; women now have more freedom than ever, which...
Financial considerations before and during a Virginia divorce
There are many things that can cause a marriage to fail, and these issues often pop up in the divorce. The decision to end a marriage is usually a difficult one, but the process of divorce itself can be even more complicated. Finances can impact marriage and divorce...
Calculating Social Security benefits after divorce
Many retirees in Virginia rely on Social Security payments for at least a portion of their income, so it's important that they know how much money they should be receiving. Divorcees who were married for at least 10 years may be entitled to a portion of their...
Coping with a divorce while at work
When someone living in Virginia is going through a personal trauma, it can be hard to so much as get out of bed to drag oneself into work. Though it is acceptable, and probably best, to take some personal time off when times are tough, individuals eventually need to...
Prenuptial agreements and protecting a business
Virginia residents who are planning on getting married and who own a business might want to consider getting a prenuptial agreement. These are becoming more common, and they can be important in outlining the terms of valuating and dividing the business in case of a...
Can you make a cheating spouse pay in a Virginia divorce?
A cheating spouse wronged you and now you hope to get revenge in divorce court. This might happen, but Virginia's laws make it tough in several ways. It may be wise to realistically consider your chances for making the spouse suffer, and then compare it to other...
9 mistakes to avoid in a gray divorce
With life expectancy being so high, couples who have been together for many years have more time to grow closer—or grow apart. Divorce rates in the U. S. are declining generally, but not in couples over 50. Rather, this subgroup now experiences divorce in one out of...
The potential credit consequences of ending a marriage
Ending a marriage could have a significant impact on a person's financial situation. According to a 2019 survey, 38% of respondents said that their credit scores dropped more than 50 points after their relationships ended. However, there are steps that Virginia...
