Marital Property Division In Virginia

If you and your spouse have acquired a considerable amount of assets during the course of your marriage, it is important that you know the right steps to take to protect your rights in those assets in the event you and your spouse decide to divorce. If you are contemplating divorce, the attorneys of Russell W. Ray, PLLC, can help you protect the assets you have accumulated over the course of your marriage.

From our office in Fairfax County and in Northern Virginia courts, we represent clients in property division disputes involving items such as:

  • Real estate, including the marital residence, vacation homes and rental properties
  • Pension benefits and retirement assets
  • Business interests
  • Valuable assets such as electronics, jewelry and cars
  • Investment income and savings
  • Debts, if there are any

We Can Help You Make Sense Of 'Equitable Distribution' Laws

Here in Virginia, marital property division is done by the principle of "equitable distribution," which means a judge will determine your fair share of the assets and debts accumulated during the marriage. Marital property is often but not always evenly split. The judge will look at the length of the marriage, each spouse's financial and nonfinancial contributions to the marriage and other factors to determine an "equitable" property division.

One of the most important parts of the property division process is determining which assets are "marital," and thus subject to division with your spouse, and which are "non-marital" assets, like property accumulated before the marriage or acquired during the marriage through inheritance or gift.

Our lawyers are experienced in dealing with the complicated legal issues involved in the equitable distribution process. We also know how to work with forensic accountants, appraisers and business valuation experts to determine the true value of assets and to make sure your spouse is not concealing assets to which you have a legitimate claim.

It is important that you know your legal rights pertaining to property division in Virginia. Contact our attorneys to learn more about how we can protect your interests and help you pursue the assets that you believe you deserve. Call 703-552-4028 to schedule a free consultation.