Donna Dougherty Law P.C.

July 2016 Archives

Dividing artwork after a divorce can be tricky

Virginia is an equitable distribution state. Unlike practical assets like real estate or vehicles, however, artwork can be a tricky topic in divorce proceedings. According to the Seattle Times, for some people, it is all about the monetary value while for others it is about sentiment. This was evident in the divorce proceedings of one couple who held an art collection of 43 paintings. The husband wanted a collection he could hang on his wall while holding a net value that would help him in financial dealings.

How the family home is valuated in a divorce

The family residence is the largest shared asset for many Virginia couples, particular those with high net worth. Selling off the house is an easy way to get a fair value for divorce purposes, but what if one spouse intends to keep the property? According to the Huffington Post, obtaining a current property value is a critical step in divorce proceedings involving real estate.

Why are second marriages harder?

Many a Virginia resident has weathered a divorce. This is an experience nobody wishes for but one that people can heal from. If you have gotten divorced, you should prepare yourself for the eventuality that you may well start dating, get involved in a committed relationship and, yes, even get married again. But, before you get to this point, it is also important for you to be acutely aware of some of the challenges that you may face in this situation.

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