Virginia is an equitable distribution state, which means that property and debts will be equitably divided after a divorce. This does not mean that each party will get exactly fifty percent, but a close distribution of property is a good preliminary place to start with each former spouse. Different factors contribute to the final division of property and debt. This includes everything purchased or earned by the parties during the marriage.Equitable Distribution in Virginia
Before dividing the marital property and debts, the court must determine what is marital and individual properties. Individual property is property, gifts or inheritance that one party owns separately and brought into the marriage.
Our Manassas Equitable Distribution Lawyers
Our law firm is experienced at handling family law and divorce proceedings, including equitable division of the assets. You want the right attorney at your side for your Northern Virginia division of assets, so call our Manassas divorce lawyers.