Posts Tagged ‘Divorce Settlement’

What is a Property Settlement Agreement in Virginia?

Property Settlement Agreements in Virginia Divorce Cases

A Property Settlement Agreement (PSA) in Virginia is a legal contract between the divorcing parties. The PSA is a mutual, contractual settlement of issues relating to the divorce and can be enforced by the court. Of course, skillful legal representation is essential to successfully negotiating a PSA that protects a party’s rights.

If you need help with drafting a property settlement agreement in Virginia, contact the SRIS Law Group for help.

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VIRGINIA DIVORCE – CONTESTED & UNCONTESTED DIVORCE

OVER 50 YEARS OF HANDLING DIVORCES IN VIRGINIA

Virginia divorce attorneys of SRIS, P.C. have a combined experience of over 50 years of handling divorces in Virginia. Our Virginia divorce lawyers have litigated cases in both the Virginia Circuit Courts and Juvenile and Domestic Relations District Courts which hear family law matters. Our Virginia divorce lawyers have five offices in Virginia to better serve you. We have offices in Northern Virginia, Central Virginia, Hampton Roads/Tidewater Area & Western Virginia.

• In Virginia, our offices in Northern Virginia are in Fairfax & Manassas;
• In the Richmond Metro area, our office is in Fredericksburg & Richmond;
• In the Hampton Roads/Tidewater Area, our office is in Virginia Beach;
• In the Western part of Virginia, our office is located in Lynchburg.

If you wish to consult a SRIS, P.C. Virginia divorce attorney, please simply contact us via e-mail, phone, or by filling out or on-line form. A Virginia divorce lawyer of SRIS, P.C. will gladly consult with you regarding your Virginia divorce.

The best piece of advice a Virginia divorce lawyer can give a client is to try and reach a divorce settlement without the intervention of the court. The main reason for this advice is because a divorce in Virginia can be VERY expensive and should be used only when the spouses are unable to come to an agreement.

The Circuit Courts of Virginia decide issues of divorce, property division, maintenance, support and custody. After the court hears evidence of the specific facts of the case, it will decide these issues based upon Virginia statutes and precedent cases.

Generally, the following is how the Virginia divorce process takes place: Each person hires a Virginia divorce lawyer to handle the divorce. Whether the Virginia divorce lawyer is going to negotiate a settlement or present a case to the court, the Virginia divorce attorney must be knowledgeable and experienced so as to ensure, that the client gets the benefit of all the law has to offer. The divorce lawyer represents only one spouse in the traditional attorney-client relationship that may involve litigation or result in a negotiated settlement.

The Virginia divorce lawyers of SRIS, P.C. have extensive knowledge in business valuation and dissolution, pension and retirement benefits, valuation of advanced degrees and licenses, child support and custody arrangements.

The laws of equitable distribution of marital property in Virginia are complex, dynamic and constantly changing. Before agreeing to a property settlement in Virginia or before asking a Virginia divorce court to divide property, it is very important to conduct financial disclosure to determine how and when the specific property and all other assets were acquired. This is done either through an informal or formal discovery process in Virginia. When discovery is done correctly, it is possible to find assets hidden by the other spouse, evidence of an adulterous affair, etc. Unfortunately, the discovery process in Virginia can be very time consuming and costly. The client should always weigh the costs of doing discovery versus the benefit of such extensive discovery.

An experienced and skillful SRIS, P.C. Virginia divorce lawyer will help guide the client through the maze of the laws and disclosure devices which may affect the client’s financial rights, obligations and the division of property.

To obtain a general overview of divorce laws, please click here

To learn more about the laws pertaining to divorce laws in Maryland or Massachusetts, please click on the state.

Some of the Virginia Divorce laws as stated by a Virginia Divorce Lawyer are below. Click on Virginia Divorce Laws to learn more:

• Grounds for divorces from bed and board in Virginia
• Grounds for divorce from bond of matrimony in Virginia; contents of decree
• Divorce from bond of matrimony after a Virginia divorce from bed and board
• Merger of Virginia decree for divorce from bed and board with decree for divorce from bond of matrimony
• Decree of divorce in Virginia without amended bill or amended cross-bill

FAQ’s for Virginia contested divorces:

• Are There Different Types of Divorce in Virginia?
• “At Fault Divorces” – What’s required in Virginia?
• Does Virginia Have “No Fault” Divorce?
• How Is The Property Of Divorcing Parties Distributed in Virginia?
• How Is Spousal Support Determined in Virginia?
• Child Custody – How Is That Determined in Virginia?
• How Is Child Support Calculated in Virginia?
• What is a Property Settlement Agreement in Virginia?

Our Virginia divorce attorneys and staff in Fairfax, Lynchburg, Manassas, Richmond & Virginia Beach speak the following languages in addition to English: Tamil, Spanish, French, Arabic, Hindi, Cantonese, Mandarin, and Telugu.

Although our Virginia divorce lawyers are licensed to practice in Virginia, Maryland & D.C., our Virginia divorce attorneys represent clients with divorces cases in Virginia only.

For more information or to make an appointment with SRIS, P.C., please call, send an e-mail or complete the on-line form.

We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal Assistance to Consumers Seeking Relief Under the Bankruptcy Code.

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