Property Distribution Factors
The Newport News Divorce Lawyer, Anthony L. Montagna, III has created this page to help explain property distribution factors. You should not consider this to be legal advice. Instead, you should contact the powerhouse, Virginia Beach Divorce lawyer, Anthony L. Montagna, III. Our number is 757-625-3500.
The major PROPERTY DISTRIBUTION FACTORS in a divorce are the following:
(a) The contributions, monetary and non-monetary, of each party to the well-being of the family;
(b) The contributions, monetary and non-monetary, of each party in the acquisition and care and maintenance of such marital property of the parties;
(c) The duration of the marriage;
(d) The ages and physical and mental condition of the parties;
(e) The circumstances and factors which contributed to the dissolution of the marriage;
(f) How and when specific items of such marital property were acquired;
(g) The debts and liabilities of each spouse, the basis for such debts and liabilities, and the property which may serve as security for such debts and liabilities;
(h) The liquid or non-liquid character of all marital property;
(i) The tax consequences to each party;
(j) The use or expenditure of marital property by either of the parties for a nonmarital separate purpose or the dissipation of such funds, when such was done in anticipation of divorce or separation or after the last separation of the parties; and
(k) Such other factors as the parties deem necessary or appropriate to consider in order to arrive at a fair and equitable distribution of marital property.