Factors Virginia Courts Consider in Equitable Distribution
Virginia law identifies eleven factors that a court may consider when dividing property acquired during a marriage. The weight given to each factor depends on the evidence and circumstances.
Relevant considerations may include:
- Each spouse’s monetary and nonmonetary contributions to the family
- Each spouse’s monetary and nonmonetary contributions to acquiring and maintaining marital property
- The duration of the marriage
- Each spouse’s age and physical and mental condition
- How and when particular assets were acquired
- The debts and liabilities of each spouse
- Whether property subject to division is liquid or nonliquid
- Potential tax consequences
- The use or expenditure of shared assets for a separate purpose
- The circumstances that contributed to the dissolution of the marriage
- Other factors the court considers necessary or appropriate
Property division disputes filed in Virginia Beach are heard in the Virginia Beach Circuit Court. Venue generally depends on where the spouses last lived together or, at the filing spouse’s option, where the other spouse resides in Virginia. The correct venue can depend on the parties’ living arrangements and case history.
Resolving Property Issues by Agreement or in Court
Spouses may resolve property issues through a signed settlement agreement rather than asking a judge to decide every disputed point. After the applicable separation period and satisfaction of other legal requirements, an agreement can support an uncontested divorce. Before signing, each spouse should understand how the proposed terms address assets, debts, retirement interests, and real property.
When agreement isn’t possible, a contested case may involve discovery, mediation, pre-trial motions, and a bench trial. Discovery is the formal process for obtaining documents, information, and testimony relevant to the dispute. In a bench trial, a judge rather than a jury decides the unresolved issues.
Documents to Organize Before a Property Division Consultation
Begin by preparing an inventory of the following:
- Real estate
- Bank and investment accounts
- Retirement accounts
- Vehicles
- Business interests
- Debts
The inventory doesn’t need to determine whether each item is marital or separate. Its purpose is to identify what may require closer review.
Helpful records can include:
- Recent account and retirement plan statements
- Deeds, titles, and property records
- Mortgage, loan, and credit account documents
- Tax returns and supporting financial records
- Records showing when and how assets were acquired
A timeline can also clarify important events, including the marriage, separation, major purchases, inheritances, gifts, and property transfers. No single document necessarily determines an outcome, but organized records can help us identify missing information and prepare focused questions.
Discuss Your Property & Financial Concerns
We offer a free consultation for divorce matters, with no fee to speak with our team. Use our contact form to outline your concerns about equitable distribution in Virginia Beach.
We provide open communication about case progress and explain how available decisions may affect both immediate needs and longer-term goals.
Call (757) 926-0078 to schedule your free property division consultation with Bush & Taylor, P.C.
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Devoted, Dedicated, and Responsive to Each and Every Client
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Involved in the Local Community and Serve on Various Boards
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Attorneys Who are Never Afraid to Try Your Case in Court
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No Consultation Fees to Evaluate Your Individual Case