Property Division Lawyers
There are many issues to resolve during any divorce. Fighting over property and settling on fair division of marital assets can be one of the most challenging aspects of the divorce process.
Working with an experienced lawyer can reduce a significant amount of stress during this time of transition. With the attorneys of The Manassas Law Group, you will have a legal team dedicated to resolving your family law dispute in your favor. We have helped generations of clients in Prince William County and surrounding areas navigate this rocky time, and we are here to help you. Richard H. Boatwright specializes in this area of law.
Property Division in Divorce
Many individuals going through Property Division portion of their divorce case are in need of assistance early on in the process. Particularly in cases where the property division issues are more complicated (family businesses , inheritances received during or before the marriage, for example) the analysis and investigation which will be required must be brought to bear early on to assure that separate property and marital property issues are correctly identified and documented.
In Virginia the equitable distribution statute (Section 20-107.3 of the Virginia Code) and case law set out the rules and guidelines which will be applied by our Judges in making equitable distribution of the property of divorcing spouses.
Assets such as 401k accounts or IRAs for example though titled in the name of one spouse may have a marital component if the account in questions received contribution during the marriage. Our attorneys and the experts we work with can assist in identifying both the separate and marital portion of these retirement accounts.
Richard Boatwright, Esquire of The Manassas Law Group, PC has many years of experience assisting clients in these complex cases. Richard Boatwright has worked with forensic accountants, financial planners and other experts in cases involving retirement assets.
The valuation of business owned by one or more of the spouses can be challenging. Richard H. Boatwright has worked with forensic accountants and other experts to determine the value of businesses including what portion of the business is marital property.
In matters of the valuation of financial assets it is important to obtain and review the relevant financial documents as early as possible. The documents include, but are not limited to : 401k statements, IRA statements, defined benefit statements (traditional pensions) for retirement assets; Balance Sheets; Profit and Loss Statements and Income Tax returns for businesses.