A Virginia family court judge often hands down rulings on property division issues. If you file for divorce, you and your spouse must sign an agreement regarding who gets what assets and who is responsible for paying any existing marital debt. This state, like most,...
Divorce
High asset divorce: Prenup makes Kimye split easier
Celebrity married couples have a tough time keeping their private lives private. That’s especially true when power couples like Kim Kardashian and Kanye West decide to divorce. Many Virginia residents are likely aware of this spotlighted duo -- known in the media as...
High asset divorce: What about that expensive engagement ring?
Deciding to end a marriage is never an easy decision. There are so many issues to figure out, especially in a high asset divorce situation. When a promise of marriage has been made, it’s usually customary to give an engagement ring and it might be that when the...
Reporting alimony payments on taxes
Payors and payees of spousal support know that the rules changed regarding how payments figure on income tax returns. Most Virginia residents know that alimony payments are not tax deductible and those receiving those payments do not have to claim the funds as taxable...
High asset divorce: What you can learn from Jeff Bezos’ divorce
Most people are familiar with the Jeff and MacKenzie Bezos divorce. If ever there was a high asset divorce, this one was it. Virginia residents might know that the former couple had to deal with billions of dollars in assets. The divorce of the founder and CEO of...
What factors determine if alimony is warranted?
When marriage becomes a partnership both people want to escape, it may be time to have the divorce discussion. It’s possible that one soon-to-be former spouse will be paying alimony to the other, so it is good to know what factors are in Virginia that are used to...
High asset divorce: Being wealthy could increase divorce odds
Statistics have shown the more wealth a couple has, the more apt they are to divorce. High asset divorce can be especially taxing on both spouses since there is so much on the line. It seems the more Virginia couples earn, the more they could face trouble in their...
Courtroom etiquette, a priority in divorce
When you walk into a Virginia courtroom to litigate issues regarding marriage dissolution, you might feel your palms sweating or heart beating faster, especially if it’s the first time you’ve ever gone to court. Divorce is stressful for many reasons; it’s common for...
High asset divorce: How bad are your marital problems?
Often the stakes are high when a couple chooses to end a marriage. Spouses experience challenges in their relationships from time to time, but for those couples in Virginia who have a lot on the line financially, going through a high asset divorce can have many...
Important financial aspects of a high-asset divorce often missed
When two people decide to get a divorce, they often focus on the emotional aspects, which is understandable. However, it is important that they not overlook many of the financial issues that come into play when a marriage ends. Some here in Virginia may assume that if...