Divorce often comes with many changes that can impact one’s life. West Virginians who are going through a divorce may have to make difficult decisions when it comes to common divorce matters like property division. Dividing marital property, which may include the...
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Property Division
Who gets the house after a divorce?
A divorce brings about many life changes for West Virginia residents. Some of these changes are financial and involve the division of marital property. For many couples, the family home is one of the most valuable marital assets. Because of the value, and the...
Protecting a 401(k) in divorce
Like many other states, West Virginia is an equitable distribution state when it comes to divorce. That means the court will not necessarily split marital assets 50/50 but will work for a distribution of property that is equitable to both parties. Most divorcing...
How can property division affect a business after a divorce?
When a business owner ends a marriage, it can be a tumultuous and vulnerable time for the business. West Virginia entrepreneurs and their business partners should openly discuss financial risks, including divorce, at the onset of starting a business and on an ongoing...
How property is divided in a Virginia divorce
Thousands of married couples file for divorce each year in Virginia, and many of them are surprised to discover that marital estates are not always divided equally in the Mountain State. Western states like Texas, California and Arizona have strict community property...
Avoiding these mistakes in a divorce
In West Virginia, spouses may find themselves in an unpleasant financial reality after a divorce. In some cases, this is directly caused by mistakes that one or both spouses made during the course of their divorce. Making smart personal finance decisions during a...
Separate bank accounts do not equal separate property
Married couples in West Virginia usually share much more than their last names. From homes to groceries to favorite TV shows, much of marriage seems to be based on shared assets and activities. However, after witnessing their parents and friends' parents go through...
Is property division complicated during gray divorce?
Just like there is no wrong age for marrying, there is no wrong age for getting a divorce. However, depending on a couple's age or the stage of life they are in, there may be unique hurdles to overcome. For West Virginia couples who are over the age of 50, dealing...
Don’t leave property division up to chance
Untangling years or even decades of shared marital property is not a small undertaking. Aside from the financial interests that both you and your ex have, there are probably also significant emotional investments involved. This means that dealing with property...
What happens to my credit card rewards point during divorce?
While people in West Virginia might not be big fans of debt, it might be difficult to find a person who does not have at least one credit card in his or her name. However, having a credit card does not mean that a person has a lot of debt. Indeed, many people use...