Tag Archives: best attorneys in chesapeake

How Are Property and Debt Divided at Divorce?

Virginia statutes provide for the "equitable" distribution of the marital property and marital debt between the parties at the conclusion of the divorce.

"Marital property" consists of all jointly-titled property as well as all other property, other than separate property, acquired by either or both of the parties from the date of the marriage through the...
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What Are the Grounds for Divorce in Virginia?

Given the percentage of marriages that end in divorce, nearly anyone could be affected in some way by a separation or divorce.

Dissolving a marriage often involves property rights and financial matters, and can raise complicated legal problems, especially when children are involved. But before the complicated details can begin, there has to be ground for...
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Does the “Corporate Veil” Really Protect Your Personal Assets?

If you’re starting a business, you may have started to do your homework to weigh your options for what kind of business entity you want to create.

You’ve likely considered the tax and non-tax implications for the different types of entities. If so, then you’ve probably also run across information on protections certain business entities afford...
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Tax Records: What to Keep and For How Long??

A big question we get is how long should you maintain tax returns and supporting documentation?

As the year ends and you prepare for your 2016 tax return, here is some good advice and information on tax documentation and retention. Tax Returns vs. Real Estate Records Generally, the IRS recommends keeping copies of tax returns and supporting documents...
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