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What constitutes marital property in a divorce?

If you are filing for divorce in Virginia, you may be faced with a host of issues that must be resolved before creating a divorce settlement. One of the most difficult topics to tackle may be that of property division. With emotions running high, it can be hard to determine who is entitled to what in the final settlement. Whether you are going through a court-room divorce and it is up to the judge to decide the fate of your property or you are dividing your property through mediation, it is important to know what marital property entails. 

How to cut costs during divorce

While divorcing your Virginia spouse can take a serious emotional toll on you, it can also take a financial one, but the good news is, you have at least some level of control over how much your divorce ultimately costs you. At Ferriswinder, PLLC, we recognize that there are a number of steps you can take to substantially reduce the cost of your divorce, and we have helped many people pursue uncontested divorces and employ other strategies to save themselves money amid their splits.

Breaking the news about a divorce with civility

While many divorcing couples in Virginia do their best to keep news of their split private, there will undoubtedly be those close to them who speculate about what is happening. Breaking the silence and explaining what has become of the relationship is something that can provide divorcing couples with protection from rumors and judgment, but should be carefully curated to avoid hindering the process. 

Divorce issues involving children and your financial future

Divorce can be a tough process for many different reasons, from struggling to adjust to daily life without a spouse to dealing with legal issues and anxiety over going to court. For some people, such as those who have kids or are worried about the financial impact of their divorce, this can be a particularly complex time. Moreover, it is important to realize how some divorce issues are related. For example, ending your marriage when you have children could lead to financial issues that need to be addressed in closer detail and there are many ways that your finances may be affected, especially if you have to pay child support or expect to receive these payments.

Splitting up your mortgage in a divorce

If you and your spouse have decided that you can no longer remain married, you know that you must face the task of dividing up your marital assets. Many couples in Virginia often end up selling their family homes when they get divorced but perhaps your spouse feels strongly about wanting to keep the house even after your divorce is final. This may be workable but before you agree to this, you should understand how to protect yourself in the future.

Discussing family law issues with your ex

There are many family law matters that can make daily life tough for those who have recently split up with their spouse. In some instances, people may run into these problems years after they have finished the divorce process, such as parents who are struggling with child support payments or custody. Every couple is in a unique position with respect to the divorce process and the options that are on the table, and every divorce should be approached from an individualized standpoint. In some instances, it can be helpful to talk about these matters with a former partner.

Bankruptcy or divorce: which should you file for first?

Both bankruptcy and a Virginia divorce are emotionally trying legal processes. If both are on your horizon, you may try to kill two birds with one stone and file for both at the same time. Divorce Magazine recommends against doing this. However, if you know both are inevitable, how do you decide which to file for first?

Financial lessons that can be gleaned from divorce

When a couple is in the throes of getting divorced in Virginia, they may struggle to see any value coming from their decision. However, with time and commitment to overcoming a difficult change in their relationship, they may be able to begin to recognize how their decision ultimately led to greater opportunities and valuable life lessons. 

Who pays college expenses for a child in a divorce?

If you are getting a divorce or are already divorced in Virginia, you may wonder who will pay for your child's college expenses. This is a valid concern as college costs are rising. In addition, if you receive child support, that will end either when your child turns 18 or graduates high school. You may not be able to afford the costs yourself and wonder if the child's other parent has an obligation to pay.

Maintaining your health is critical during your divorce

You have recently decided to divorce your spouse in Virginia and are beginning to deal with the onslaught of decisions regarding your future that needs to be made. While you may not take a second thought for your personal needs during this busy, frustrating and challenging time, failing to maintain your health can be detrimental to your recovery from divorce. At Ferriswinder PLLC, Attorneys at Law, we have helped many people get through the time-consuming process of getting a divorce. 

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