Disposition of actual property is a central concern in lots of divorce proceedings inside the Commonwealth. The marital house usually represents a major asset, and its allocation is decided by means of equitable distribution rules outlined in Virginia legislation. In contrast to group property states, Virginia adheres to a system the place marital property are divided pretty, although not essentially equally, contemplating numerous components.
The equitable distribution course of goals to make sure a simply consequence, considering contributions, each financial and non-monetary, of every partner throughout the marriage. This consists of direct monetary contributions in the direction of the property, in addition to contributions to the household’s well-being that not directly allowed for acquisition and upkeep of property. The courtroom additionally considers components just like the size of the wedding, the well being and ages of the events, and the circumstances that contributed to the dissolution of the wedding.
