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If you’re dealing with a divorce, you know it’s a time packed with emotions. But it’s also a time filled with decisions—ones that can have long-lasting impacts. Even though you’re going through a difficult time, you don’t want to let those emotions cloud your judgment. You need to look forward and make decisions that position you well financially for the future.
During the process of a divorce, you’ll mostly be working to turn joint finances and assets into individual finances and assets. Some states allow for a 50-50 split of assets in a divorce, but Virginia has special laws that state marital assets must be divided “equitably.” This doesn’t mean equal necessarily, but it means fair according to each spouse’s contribution to the marriage.
You want to make sure you don’t go into the next stage of your life with credit problems or debt you can’t pay. Fortunately, there are some steps you can take to help yourself achieve that goal.
When going through a divorce, it doesn’t matter if it’s contested or amicable—it’s still a lot to process. You don’t have to deal with it alone. Instead of trying to do everything by yourself, trust an experienced family law attorney.
Coastal Atlantic Law serves clients in Chesapeake, Virginia Beach, Portsmouth, Suffolk, Norfolk, Hampton, Newport News, and the surrounding areas. Contact us to discuss how we can be of assistance.