Finances

Splitting During a Recession: What You Need to Know

The American economy is a bit like Schrödinger’s famous cat, simultaneously in a recession and not in a recession. The answer depends on your source, with Forbes saying we have been in a recession since the summer of 2022 and Bloomberg saying no, we dodged that label. Still, economic uncertainty can cast a cloud on a marriage, with both spouses ...

By |April 3rd, 2023|

Do I Have to Provide a Statement of Net Worth in Divorce?

We have all witnessed the tawdry spectacle of brutal, nasty, embarrassing Hollywood divorces like Charlie Sheen and Denise Richards, or Johnny Depp and Amber Heard. Yet even the most benign, quiet Virginia divorce can have its ugly moments. Rather than reveal any weird personal habits, both parties must provide financial disclosures. Jump to a Section Financial Disclosures in Virginia Divorce ...

By |March 20th, 2023|

The Importance of Estate Planning During Your Divorce

Hollywood screenwriters are clearly masochists. A Hollywood disaster flick will send hordes of zombies into a burning hi-rise orphanage during an earthquake. Estate planning during your Virginia divorce, though? Not even a Hollywood script writer would dare such a thing. Protecting Yourself on Multiple Fronts If you feel like your divorce is more than you can handle, you may be ...

By |June 21st, 2021|

Is Cryptocurrency a Marital Asset in Divorce?

Your wife cleverly squirreled away some of her money in cryptocurrency, assuming it was out of reach in divorce. You, who still have trouble remembering your ATM PIN, have no idea what a Bitcoin even is, or where Ethereum might be on a map. How could cryptocurrency even be an asset in Virginia divorce? And how can you find out ...

By |June 7th, 2021|

Who Claims the Children on Taxes After Divorce?

The Internal Revenue Service (IRS) loves to give tests. There’s two phrases sure to head straight to your heart, and make it jump: IRS and tests. Publication 5041 includes a section called “Tests To Be A Qualifying Child.” Before you leap to that fascinating reading, though, be aware that the answer to the question, “Who Claims the Children on Taxes ...

By |October 12th, 2020|

Big Tips for Saving Big Time on Your Virginia Divorce Costs

Before we show you how you can save on the costs of divorce, let's get this out of the way: do not rely on so-called "free" or low-cost do-it-yourself divorce forms. Virginia is not only a great state, it is unique, with divorce laws that do not align with every other state. Divorce is never a one-size-fits-all event, so please save ...

By |September 21st, 2020|

What Happens to Student Loan Debt in Divorce?

If you owned a stock that climbed 33 percent in value from 2014 to 2019, you would rightfully think of yourself as the next Warren Buffet. That percentage, though, is the increase in the amount of student loan debt incurred in the United States in that five-year period, according to Investopedia1. If a sliver of that debt is in your ...

By |September 14th, 2020|
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