Property Division Lawyer in Fredericksburg
Ensuring the Equitable Distribution of Marital Property
Of all the matters to address in a divorce, the division of property and assets is one of the most difficult. You need an experienced Fredericksburg property division attorney to properly and thoroughly evaluate the household’s assets and negotiate a fair property settlement agreement.
Attorney A. Lewis Lowery, Jr. has handled cases regarding the equitable distribution of assets in Fredericksburg for over 30 years. He knows how difficult the property division process can be, which is why he provides support and guidance from start to finish.
Let our firm protect your financial assets. Call A. Lewis Lowery, Jr., Attorney at Law, PLC for a consultation at (540) 999-1886.
Basics of Equitable Distribution in Virginia
Because Virginia is an equitable distribution state, a property is not automatically split evenly. Instead, the courts distribute all marital assets on an equitable basis. Marital assets include all jointly titled property and may include property acquired by either or both spouses from the date of the marriage through final separation.
Marital property division can be complicated and may require aggressive negotiation. Some items are specifically excluded from marital property.
These exclusions include:
- Property acquired before the marriage
- Property received by one spouse as inheritance
- Property specifically given to one spouse
Letting the Court Decide on the Division of Property
If property division is left up to the court, the judge will examine several statutory factors to determine how best to distribute marital assets. These factors include the relative monetary and non-monetary contributions of each spouse to the well-being of the family and the acquisition and care of marital property.
In Virginia, judges have several options when deciding how to distribute marital property. They can:
- Order monetary awards
- Order property sold and the proceeds split
- Order the transfer of jointly titled marital property to one spouse
We understand that letting a judge make this important decision is not always ideal, which is why it is important to retain an experienced and knowledgeable property division attorney in Fredericksburg. We are determined to secure a positive outcome for you. You can rest assured that we work tirelessly to reach a property settlement agreement with your former spouse, but if we are unable to reach a fair division of property, we zealously advocate for your rights in court.