Experience And Success In Asset Division
Financial concerns can quickly cause emotions to spiral out of control. At the law firm of Lowe & Carlo, Our firm offers a compassionate approach tempered with sound judgment when representing clients seeking a divorce. Rational focus is designed to help her clients secure an equitable distribution of marital assets and debts.
In Virginia, martial property is distributed equitably between the divorcing couple. This does not necessarily mean a 50-50 split. While you may end up with the family home, your estranged spouse would obtain property equaling the same value. At Lowe & Carlo, we have the skills to determine the value of your marital estate and the extent of your joint debts.
Determining The Extent Of Your Marital Estate
Virginia is a marital property state. Any assets obtained during your marriage are subject to an equitable distribution. In property division, the key is to determine how assets were handled during the marriage. We have the resources to consult financial experts to trace any hidden assets and determine the extent of your marital property such as:
- Family home and vacation homes
- Collectible cars, antiques or family heirlooms
- Real estate investments
- 401(k), Roth IRA, stocks, bonds and other retirement plans
Our firm is committed to determining how assets and debts were handled during your marriage. For example, if you ran a small business before getting married, we will need to understand whether the business was kept separate from your marital affairs. Your estranged spouse will not obtain profits from the business, if business transactions were kept completely separate from your marital affairs. We will look closely at your business’s financial structure to ensure your best interests are protected.
Part of our focus includes understanding how gifts and any inheritance were handled during your marriage. If your estranged spouse was given an inheritance, we will determine if the inheritance was co-mingled with your joint savings. In this case, we will advocate for you to obtain an equitable distribution of the inheritance based on how the assets were handled during your marriage.
Similarly, we will seek to understand the extent of your marital debts. Any loans or credit cards you took out together during your marriage remain both of your responsibility. We will analyze your financial situation to effectively negotiate a fair divorce agreement.
Contact Us For Skilled Representation
At Lowe & Carlo, our firm has an extensive background handling noncontested and contested divorces. When a settlement cannot be reached, our firm will draw upon her extensive litigation experience to skillfully and aggressively advocate for her clients in the courtroom. Contact the law firm today for skilled representation.