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Virginia Property Division Lawyer
Table of Contents
Property settlement agreements can be a complex process that involves many factors, especially if the couple separating was together for a long time. A skilled family law attorney will work to ensure that your interests are well represented.
Virginia identifies three types of property – separate, marital, and hybrid. Generally speaking, these classifications reflect which party acquired it, how the property was acquired, and when it was acquired. However, each type of property is categorized by a number of specific details that have been established through large numbers of previous cases. It is also important to know that a military pension can be a factor when negotiating a property settlement. A Virginia property division lawyer can help a person protect their assets during this process.
Hybrid Property
Property that is both marital and separate, such as a house one spouse owns prior to the marriage, but the mortgage is paid down by both parties.
Separate Property
Property that belongs to one spouse alone, to which the other spouse has no claim. Property acquired before marriage, after the date of separation, or through a particular circumstance such as a gift given to one spouse from a third party.
Marital Property
Property acquired by husband or wife after the marriage that presumptively belongs to both of them.
While each case comes with its own unique circumstances, there are factors that go into negotiating the division of property:
- Length of marriage
- Age and health of spouses
- Spousal contribution to the accumulation and maintenance of the property
- Value of the property
- Income earning capacity of the property
A Virginia Property Division Attorney Can Help Protect Your Assets.
Our attorneys have many years of experience working family law and divorce cases in Virginia, and we can help you negotiate and navigate this difficult legal and emotional process. If you or a loved one needs assistance in property settlement negotiations, schedule a consultation. Call a Virginia property division lawyer to get started.
Written By Shelly F. Wood
Shelly is a seasoned attorney with extensive experience in family and criminal law. She began her career as a Public Defender for Norfolk in 2002 before transitioning to private practice in 2004. After successfully running her own law firm for 14 years, Shelly became the Managing Partner of Parks Zeigler’s Chesapeake office in 2020. This move allowed her to expand her legal services while staying deeply connected to the Chesapeake community.
