In Virginia, the means by which the court divides the spouses’ property is known as equitable distribution. Equitable distribution starts with the designation of assets and debts as marital or separate. The basic rules for classifying assets and debts are set out in companion articles.
After the court determines which assets are marital and which are separate (asset classification), the court will then decide about dividing the assets. Generally, separate property will remain the property of the owner and the court will order the apportionment of marital assets after considering the following factors:
The contributions of each spouse to the well-being of the family, both monetarily and non-monetarily.
Equitable distribution of assets can be a complicated business and the court has great discretion in determining its apportionment. If you have property to be protected or apportioned, you need competent representation to make sure that the court treats your case fairly. Call the Law Office of Lori A. Michaud to protect your rights.
An outstanding job on my case to have custody, visitation and support decided in my home state instead of Virginia after I separated from military service.- A.E.