Division of Assets
Marital assets are subject to division by the court and can include: military retirements, federal retirements, marital home, pensions, TSPs, IRAs, 401(k), savings, investments, motor vehicles, boats, airplanes, furniture, dishes, linens, tools, real estate, artwork, firearms, precious metals or gems, jewelry, etc. Basically everything bought, purchased or even found during the marriage is likely marital property. Marital debts are debts incurred during the marriage for a legitimate marital purpose.
Unfortunately, division of the things accumulated during the marriage is typically one of the most hotly contested parts of any divorce. According to Virginia law, there should be an equitable distribution of all marital property and debts between the two spouses. Equitable doesn't always mean equal. How a divorce court might divide these assets and debts between the parties, how the court values the property and what considerations go into making a decision is a complicated minefield and an experienced lawyer is necessary to help guide you in making decisions and protect your interests.
Mr. George works tirelessly to help clients reach agreements in property division disputes. When they cannont agree, he works just as tirelessly to make certain his client is treated fairly. whether it is a high or low asset case or whether there military or federal pension issues or whether there are issues involving business valuation or other complex property division matters, Mr. George can help.