Property Division

USFSPA

Understanding the Uniformed Services Former Spouse’s Protection Act

Many ex-spouses of former military members recognize the acronym USFSPA (short for the Uniformed Services Former Spouse’s Protection Act) but do not fully understand its meaning. The federal legislation addresses common concerns regarding eligibility for retirement pay and benefits after divorce, establishing standards for medical care and retirement pay. As the former spouse of a […]

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Splitting Up Pensions and 401(k)s During a Divorce: Do’s and Don’ts

Virginia deems pensions marital property and therefore subject to equitable distribution. Equitable doesn’t necessarily mean equal, and unfortunately, this concept greatly complicates the already perplexing property division process. Keep the following do’s and don’ts in mind as you strive for fair retirement asset division: Do: Consider a Cash Transfer for 401(k)s Like many couples, you […]

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5 Estate Planning Strategies to Address ASAP After a Divorce

Half of Americans die prior to writing their will, leaving the legacy of their estate in question. This is particularly common among divorced estate holders, who often forget to complete their will after finalizing dissolution. If you’ve recently divorced, don’t forget to tackle these essential estate planning strategies: Revoking Your Will Your first estate planning […]

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hiding money

How Do People Hide Assets Before Or During Divorce?

Asset hiding may be unethical and illegal, but it’s also incredibly common; according to a 2014 Harris Poll, three of every ten adults with shared assets have hidden them from their partner. The likelihood of hidden assets increases substantially as relationships move toward divorce. Keep an eye out for these common strategies: Transferring Assets to […]

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bankruptcy

Your Ex or Soon-to-Be Ex Is Threatening Bankruptcy: What Now?

Bitter spouses will stop at little to gain the upper hand in divorce. One surprisingly common tactic: threatening bankruptcy in hopes of securing leverage. For others, however, bankruptcy may be a valid option, rather than a scheme for control. Keep reading to learn more about the role of bankruptcy in divorce proceedings: Genuine, or Revenge […]

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selling the home

Selling the Home During or Right After a Divorce: Tips and Traps

Many divorcing couples fight over home ownership, but those who prefer to move on to new residences face an equally difficult process: selling their once-shared home and splitting the proceeds. Selling property causes significant stress in the best of circumstances; during a divorce, it has the potential to unhinge the conversation. Follow these tips to […]

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Dividing Up Business Property During a Maryland Divorce

Entrepreneurial endeavors can quickly complicate the already confusing divorce process. Not eager for your ex to be your business partner—or worse, to enjoy the fruits of your labor? Review the following to protect your business interests during and after divorce: The Role of Valuation Valuation is the primary source of frustration in any divorce involving […]

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Selling Your House After Divorce: Do’s And Don’ts

You and your soon-to-be ex prefer to sell your home and pursue a fresh start. Making this decision is the easy part; now you need to deal with the usual complications of selling real estate, all while under the strain of divorce. Keep the process as simple and stress-free as possible by following these basic […]

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