Marital debt refers to debt and financial liabilities incurred during a marriage. Such obligations may include credit card debt, student loans, a mortgage and business loans. This debt must be repaid even when a couple decides to separate. Therefore, each spouse will...
Divorce
Get SMART with your Virginia estate planning goals
Have you ever heard of the SMART goal-setting technique? In the context of estate planning, the acronym, SMART, can empower you to set wise and realistic goals. It stands for: Specific Measurable Achievable Relevant or realistic Time The SMART method is used...
Can the court throw out your prenup?
If you have a prenuptial agreement, odds are that you’re counting on it in the event of a divorce. You know what that agreement says and what rights it gives you. You fully expect the court to honor it and hand you the financial assets that are listed as yours in the...
Minimizing the impact of divorce on your professional reputation
When you go through a divorce, there is a potential that it could negatively impact you. As someone who works in the medical field, you don’t want to see your reputation be damaged by people who might spread rumors about you or gossip over your divorce. One of the...
Why you should consider getting a prenup
To some people, the idea of a prenup seems unromantic, but it may come in handy when things go south in your marital life. Divorce is a possibility in any marriage, and a prenup legally binds the divorcing couple on the division of property between them. That said,...
Using a PSA instead of going to divorce court
If you and your spouse determine that continuing your Virginia marriage is not what either of you wants, you may decide to officially separate, even if you live under the same roof. In an amicable split, you may consider keeping the arrangement casual and abide by a...
Ending your marriage with confidence
When it comes to the divorce process, people often have a lot of uncertainty. Some worry about how the outcome of a custody dispute will impact their relationship with their kids, while others have concerns about financial matters regarding divorce (such as property...
Splitting a home and mortage in a divorce
As a homeowner, you may feel a great attachment to your home. This is logical as a home should be your safe place. If you have renovated or decorated your home, you may feel great pride in your work. If you have children, you no doubt have many memories relating to...
Divorce and moving to another state
There are many areas of uncertainty when it comes to getting a divorce, from financial considerations to child custody matters. Moreover, some people face additional stressors due to their plans to move to another state and sometimes all of these issues are...
What are the benefits of divorce mediation?
When you are facing a divorce, the number of decisions that you have to make can cause a lot of anxiety, and it presents both spouses with a lot of tough questions they do not have answers for. According to Divorce Magazine, the single most crucial decision you will...