Business & Asset Division
Under Virginia state law, marital property is subject to an “equitable division” upon divorce. “Equitable division” does not mean a 50-50 split down the middle; rather, “equitable division” refers to what the court believes is fair given certain facts about both parties to a divorce, such as each spouses monetary and non-monetary contributions to marital property, their earning potential, health, and debts. At Cravens & Noll, our Richmond divorce attorneys will defend the rights and interests of clients in business & asset division matters related to the divorce.
Working with forensic accountants and other financial experts when necessary, our family law attorneys evaluate the value of closely held businesses, retirement funds, investment portfolios, real estate, and other property. We also provide documentation and evidence supporting our client’s claims in regard to how marital assets should be apportioned. Our lawyers also take into account marital debt, in light of your divorce settlement, in ways that protect you from being saddled with unfair debts.