Most Virginia men entering a separation or divorce expect emotional strain, custody disputes, and difficult conversations. But many are blindsided by something far more mundane — the mortgage. The marital home is usually a couple’s most valuable asset and biggest debt, and what happens to that mortgage during separation can shape your financial future for years. Responsible mortgage separation means ...
“Stock” has more than a dozen meanings in the Merriam-Webster dictionary, but the second meaning — “the proprietorship element in a corporation usually divided into shares and represented by transferable certificates” — matters most here. Your Virginia divorce can quickly descend into acrimony, recrimination, and vindictiveness. Nothing, however, derails a property settlement agreement like dividing assets that include restricted stock ...
Divorce is emotionally taxing—and it can also be financially draining. But if you’re preparing for divorce in Virginia, there’s good news: you can cut your legal costs significantly without sacrificing the quality of your outcome. Before we dive in, let’s bust one common myth: DIY divorce kits and “free” forms often cost more in the long run. Virginia has unique ...
One lucky Virginian struck paydirt by winning $1.259 million at the MGM National Harbor casino recently. Hitting a Royal Flush brought a whole new life to that gambler. But what if your spouse does not just enjoy gambling, but is a gambling addict? Can a Virginia divorce help you to start fresh? Jump to a Section How Bad is the ...
It is impossible to get blood out of a stone. So said Vicesimus Knox, whose name sounds like a James Bond villain but who was in reality an English essayist. Knox wrote this proverb in 1788, though many a Virginia man facing child support payments knows it is still true. Exactly what do you have to provide? And what can ...
Please note, this article was originally published in 2017 and has since been updated to 2024 figures. Always check Virginia Code for the most recent laws. Virginia’s Circuit Courts are no different from you or I; if they do not have to reinvent the wheel, and can get along by borrowing someone else’s wheel instead, they borrow. This is true ...
All gave some, some gave all. It is a quotation popularly attributed to Howard William Osterkamp, who served in combat in Korea from 1951 to 1953. Combat-related disabilities are lifelong reminders of sacrifice. Does a veteran receiving Combat-Related Special Compensation (CRSC) have to share it in Virginia divorce? Jump to a Section What is CRSC? Who Can Receive CRSC? Virginia ...
You have a one in six chance of hitting a jackpot on a slot machine at Rosie’s Casino in Hampton. What are your chances of living in a community property state? Nine in 50. If you are going to gamble (either at Rosie’s or in marriage), Virginia is a good bet. Virginia is not a community property state. You can ...
J.P. Morgan is said to have uttered the flippant and famous quip, “If you have to ask how much it costs, you can’t afford it.” That was easy for him to say; he was a robber baron, paid almost no tax (ever), and lived in a time (the 19th and early 20th centuries) when Virginians had lifetime earnings that seldom ...