Finances

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|

I’m Paying Child Support for Children Who Aren’t Mine

This article is not about money. We know, child support means money, but the root of this issue is paternity, not money. If you are paying child support for children who are not yours, you have a paternity problem that has created a money problem. Here is what you can do about both. Asserting Your Rights Without appearing to be ...

By |August 10th, 2020|

Should I Refinance My Home Before or After Divorce?

Financial gurus will tell you: a new car purchase is really three deals (sell the old car; buy the new car; arrange the financing). Car dealers want all that to happen on their lots. Financial advisers tell you to keep the three deals apart. The principle holds true with divvying up marital property during separation and divorce: keep the deals ...

By |August 3rd, 2020|

COVID-19 & Loss of Pay: What If I Can’t Pay My Spousal or Child Support?

The COVID-19 emergency that has gripped Virginia and the world has rippled through every part of our lives. If you pay either spousal support or child support in Virginia and have been affected by COVID-19, you should know about legal remedies that may help. Closed Courts The Virginia Supreme Court’s original judicial emergency order has been extended, keeping most courts ...

By |May 8th, 2020|

Does the Frozen Benefit Rule Help or Hurt Military Men?

Thomas Aquinas, medieval philosopher, offered two sides of one argument when he said, "It would seem that several angels can be at the same time in the same place. For several bodies cannot be at the same time in the same place, because they fill the place. But the angels do not fill a place..."1 This has morphed into the idiomatic ...

By |March 18th, 2020|

Do We Have to Refinance Our Home After Our Divorce?

Real estate financing markets roil with the slightest hint of news. Recently, even amid a strong economy, as reported in the Washington Post “the 30-year fixed-rate average [for mortgages] shot up to 3.73 percent.”1 This happened because the Federal Reserve nudged its rate higher. You may not be a financial wizard, but if you are divorcing in Virginia, you face ...

By |November 11th, 2019|

How Divorce, Spousal Support, and Child Support Affect VA Benefits

Under the Uniformed Services Former Spouses’ Protection Act, and as affirmed by a recent Supreme Court decision, Veterans Affairs (VA) disability benefits (separate from retirement income) are not subject to divisibility in a divorce. That is only one third of the question, however. Property division is not spousal support. Spousal support is not child support. Divorce & VA Benefits A ...

By |August 7th, 2019|

6 Great Places to Search for Hidden Assets When Divorcing

The common ferret is a remarkable animal. Ferrets are routinely used to hunt rabbits. Felicia Ferret1 cleaned pipes for Fermi Lab. A busyness of ferrets saved London's Millenium Concert2. Busyness — that's the collective noun. Felicia is one ferret; Felicia and all her ferret friends are a busyness. Ferrets are of little help, though, in ferreting out hidden assets during divorce. ...

By |July 24th, 2019|
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