Virginia Beach High Asset Divorce Attorney
In any divorce, assets are a concern. This is especially true in a high asset divorce. There are worries about what you will keep or lose, but even if that isn’t a concern, complicated legal obligations can make simply dividing the assets difficult.
The team at The Law Offices of Daniel J. Miller is here, ready to help with your divorce. Both parties must be protected, but the division of assets must also remain reasonable. We can help sift through the complexities of a large estate, assisting you in making the split fit the need.
Reach out to us online today about your high asset divorce in Virginia Beach. You can use our contact form to schedule a free, no-risk consultation.
How Are Assets Distributed in a Virginia Divorce?
The state uses an equitable distribution model. This means the court listens to both sides’ arguments for why they should keep property. It then determines who is most deserving of the property, attempting to keep the split fair.
The state will consider many aspects of the marriage. It may look at the length of the marriage, for instance. Simply by being together for a long time, each party may be entitled to a split that’s more equal (50/50) and less equitable.
When it comes to specific pieces of property, such as a home or a car, however, the court tends to view contribution to and primary use of that asset.
Contribution to an Asset
Imagine a marriage with one worker and one stay-at-home parent. Even in a marriage with a large estate, you can assume that the stay-at-home parent manages the home as well as the children. They may oversee its overall condition or help spearhead remodeling projects. Because of their great contribution to the home’s value, they could be entitled to it after the divorce.
Contribution can also affect intellectual property. One spouse may have done most of the work on the project, but if the other makes any contribution, they may be able to claim partial ownership. If they can make a case that they helped the IP become successful, they may be able to collect royalties on that property.
Primary Use
Imagine the stay-at-home parent’s relationship with the family minivan. They use it for school drop-offs and pick-ups. They take the kids to and from the grocery store, and they keep track of maintenance, oil changes, and so on. It’s fair to say that this van belongs to them, and they may be able to keep it in the divorce.
Our team can help you build a strong argument for entitlement to property. We know how to prove that something should remain with its rightful owner, even in a high asset divorce.
Separate Property in a Marriage
Marital property belongs to both spouses, and it generally includes any property purchased during the marriage. Separate property belongs to just one spouse, and it should be simple for them the keep it after the divorce.
Separate property usually includes:
- Anything you owned before the marriage
- Gifts you received from people outside the marriage
- Inheritances that were granted to you alone
Once again, however, a spouse’s contribution can muddy the waters. Separate property can become “commingled.” If, for instance, you owned your home before the marriage, your spouse may still have partial claim to it. In a lengthy marriage, the spouse will come to know this place as their home, and they will have certainly contributed to it in some way.
Inheritance can become commingled the same way. If you inherited land, for instance, and you and your spouse built property on that land, you will become co-owners.
Let our firm help you untangle commingled property in your divorce. Doing so can be legally confusing, so you need an experienced team like ours on your side.
The Law Offices of Daniel J. Miller is here to help with your Virginia Beach high asset divorce. For more information, call us at (757) 267-4949 or contact us online.
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Read Our Client Testimonials
At The Law Offices of Daniel J. Miller, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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Mr. Miller and his team worked diligently on my case and I am forever truly greatly. It was a long process but with prayer and fasting, I had faith in Mr. Miller and his team to get the results that I prayed for. They were straight forward and very patient at the same time. My husband is the one who search for lawyers/attorneys and Mr. Miller was the first and only choice. I can't say enough how grateful I am for all your hard work and fight that you did behind the scenes. God bless you Mr. Miller and your whole team.- M. Sellers
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I hired Mr. Miller initially for a bond hearing . I decided to retain his services for the case itself . I was facing two felony charges as well as a failure to appear charge . While there were witnesses that were able to identify me, I walked out of Virginia Beach Courthouse with only a misdemeanor thanks to Mr. Miller's representation . I work in the healthcare profession and expressed to Mr. Miller the importance of avoiding a felony charge and he made it happen. I am forever grateful and will highly recommend him . Mr. Miller will always represent myself as well as family members if need be in the future . Again thank you Mr. Miller for using your knowledge to keep me from being a convicted felon and also saving my career.- C. Dickens
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I was very nervous when I had to go to court over a traffic accident I was recently involved in. Dan put me at ease almost immediately with his knowledge and tenacity. By the time Dan was finished questioning the other people involved in the accident I did not even have to testify (which was the major source of my nervousness). My innocence was clear to everyone in the room, thanks to Dan. Would definitely use him again and recommend him to others. Aside from his performance during the hearing he was very easy to contact and always kept appointments with me. He also answered all of my questions patiently and with understanding.- Client
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- M. War
Unfortunately I have had to use The most professional courteous reliable and hard working Law Offices of Daniel J Miller. Upon the arrival at the start of my case to the departure at the end of my case, Mr. Miller and Mr. Weaver from the start of consultation knew what I was up against and delivered more than I expected from any lawyer in Virginia to do for me. I had an on going custody battle and now have my son full time and out of harm's way. I am extremely pleased with the services I was provided. I HIGHLY recommend this firm if you want the best possible outcome for your case.
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Mr. James Weaver and his team are true professionals. From the start, he was honest and straightforward. He always stayed positive with me and kept me calm when I thought everything was going horrible. Mr. Weaver got me the best outcome possible in my situation. I highly recommend him to anyone looking for a great lawyer.- S. Bohrer
I hired Mr. Weaver for my family law issues.
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