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Virginia Property Distribution Laws
Virginia Property Distribution Issues & Resources
Virginia Property Distribution
In a Virginia divorce action, each party will be entitled to retain his or her separate property. Separate
property is property:
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acquired prior to the marriage;
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any gifts and
inheritances;
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any increase in the value of separate property, unless marital
property or significant personal efforts contributed to such increases; and
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any property acquired in exchange for separate property, will be retained by the
spouse who owns it.
In a Virginia divorce action, all marital property, which consists of
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all property acquired during the
marriage that is not separate property;
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all property titled in the names of
both spouses, whether as joint tenants or tenants-by-the entireties;
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income
from or increase in value of separate property during the marriage if the income
or increase arose from significant personal efforts;
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any separate property
which is commingled with marital property and can not be clearly traced, will be
divided equitably by the court.
In dividing marital property, a
Virginia divorce Court will
consider the following:
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the contribution of each spouse to the acquisition,
care, and maintenance of the marital property;
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the liquid or non-liquid
character of the property;
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the length of the marriage;
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the age and
health of the spouses;
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the tax consequences;
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any debts and liabilities
of the spouses, the basis for such debts and liabilities, and the property which
serves as security for such debts and liabilities;
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how and by whom the
property was acquired;
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the circumstances that contributed to the divorce;
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the contributions, monetary and non-monetary of each spouse to the
well-being of the family;
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the contribution of each spouse to the well-being
of the family; and
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any other factor necessary to do equity and justice
between the spouses.
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