Many couples in Virginia purchase their family home after they say their vows. As such, the home is likely to be considered marital property subject to division should the marriage end in divorce. However, some homeowners are interested in knowing how a home that was purchased before the marriage will be treated during the property division process.
Some people say they feel like two peas in a pod with their spouses, and others say their relationships are definitely more of the "opposites attract" type. Either way, married life is a journey, and couples are bound to encounter challenges along the way. Among the more serious types of problems, financial infidelity is an issue that often prompts a spouse to end a marriage.
Any type of major change in a person's life can be mentally exhausting. Even if the event is a beneficial one, it can still be difficult for Virginia residents to work through. Unfortunately, when the change involves an event like deciding to end a marriage, it can be even more emotionally trying.
Heading for divorce can be an uncertain period of life. Divorcing couples have to deal with any number of decisions, including things like alimony, child custody and property division. While many people in Virginia believe that they understand the basics of the divorce process, some myths can complicate things for everyone.
When couples in Virginia and across the country choose to marry, they often take steps to plan for the future. For many, this includes the creation of a prenuptial agreement, which allows them to have an open line of communication regarding their financial situation and what will happen in the event of a divorce. However, there are certain issues that could leave a prenup vulnerable to a successful challenge in the event the marriage ends in a divorce.
There is often a great deal of value in a family home -- both sentimental and monetary. For many couples, their home is one of their largest investments. As such, what happens to the family home and other property following a Virginia divorce is often a hotly contested issue.
The end of a marriage can be a difficult time for both parties. Two people who thought they were going to spend their life together ultimately arrive at the decision that it is no longer in their best interests to remain as a couple. While coping with these emotions, couples in Virginia and across the country are also left dividing their assets as part of the divorce process.
When a couple decides to get married in Virginia, there are likely a million different thoughts and questions running through each person's mind. While it is certainly important to think about where they will live and whether they will have children in the future, it is equally important to consider what will happen in the event of a divorce. In some cases, the couple may choose the plan for this potential outcome by creating a prenuptial agreement.
People in Virginia and across the country are encouraged to begin planning for their retirement as early as they can. They often spend decades of their lives carefully planning their finances for when they no longer work. As a result, retirement funds are often significant, and their division during the divorce process can have a significant impact on both parties.
When couples choose to marry in Virginia, most do so with the intention of being together for the rest of their lives. In some cases, this could include sharing the burdens related to building a business, whether that includes both spouses directly involved in the business or one spouse making sacrifices to enable the other. Should the marriage end in divorce, dividing a business can be complicated.