Donna Dougherty Law P.C.

August 2015 Archives

It is not a good idea to hide assets in a divorce

Couples who are going through a divorce in Virginia may understandably be concerned about finances. After all, it isn’t as easy to make ends meet on a single income, especially if one spouse lacks the same earning potential as the other. As a result, some people may attempt to hide money and assets from the other spouse during the divorce proceedings in an attempt to get more than half of the marital property.

Spike in divorce may be imminent due to cheating site data breach

A divorce is rarely a simple, straightforward process, especially for any high-profile couple in Virginia. There are usually numerous issues to work through in a high asset divorce, including the division of marital property, spousal support and child custody. The emotional impact of a divorce may also complicate the process, especially if something sudden and serious prompted the end of the relationship, such as finding out the other spouse had an affair.

How does the new same-sex marriage law affect divorce?

The current legislation recognizing same-sex marriage across the nation no doubt led to celebration among homosexual couples everywhere. Along with the right to legally marry, same-sex couples in Virginia and elsewhere are also able to divorce. This comes as good news for couples who were married in states that recognized gay marriage, but existed in a state of divorce limbo because they live in a state that did not recognize their union.

Celebrity divorces highlight unique high asset divorce challenges

The divorce process can be difficult and frustrating for anyone, whether the divorcing couple has significant marital property to divide or a smaller amount of assets. Many Virginia spouses must also take child custody and child support into consideration. High asset divorce issues tend to be particularly complex. The factors a wealthy or high-profile couple often contend with include such issues as business assets, real estate, retirement pensions and savings accounts.

Challenges faced by grandparents raising grandchildren

Many grandparents in Virginia and across the country are facing the challenging task of raising their grandchildren. According to the American Association for Marriage and Family Therapy, it is becoming more common for grandparents to have custody of their grandchildren or to take care of them long-term. About 4.5 million children across the country are currently being cared for by their grandparents.

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