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The Impact of Remarriage on Alimony Obligations in Virginia
/by Tim OlmsteadSpousal support is money one ex-spouse pays to the other after a divorce. The goal is to help the person receiving the payments maintain a similar lifestyle to what they had during the marriage. But when life changes like getting remarried come into play, it can change the paying party’s legal obligations. Wondering if remarriage […]
The Emotional and Legal Impact of a Gray Divorce in Virginia
/by Tim OlmsteadGray divorce: in recent years, more couples over 50 are deciding to end their marriages. This trend is known as “gray divorce.” Gray divorce is becoming more common in Virginia and other states. Gray divorce brings a wide range of unique challenges, and if you’ve found yourself in this position, it’s important to be prepared. […]
Who is Responsible for Medical Bills in a Divorce?
/by Olmstead & Olmstead, PCDivorce brings more than its fair share of emotional and financial challenges. Unfortunately, there’s not just one financial matter to work through. Every turn comes with a new set of financial questions, disclosures, and decisions. One of the topics that is likely to come up is the division of medical bills in a divorce. Worried […]
What is Divorce from Bed and Board in Virginia?
/by Olmstead Olmstead PCDivorce from bed and board is a type of separation in Virginia that allows couples to live separately without ending their marriage completely. It’s relatively uncommon but can be useful for couples who don’t want to fully dissolve their marriage—usually for personal or religious reasons. Wondering if this type of divorce might be the right […]
What Assets Are Untouchable in a Divorce?
/by Tim OlmsteadDivorce can bring up a lot of questions about how assets will be divided. It’s helpful to know that not everything you own will be split up. Some assets are considered untouchable, meaning they stay with the person who originally owned them. Knowing which assets fall into this category can give you peace of mind. […]
How to Start Over After Divorce with No Money
/by Tim OlmsteadUnderstanding your financial situation after a divorce is essential for rebuilding your life. This may be one of the hardest things you ever go through, but because of that, it may end up being one of the most rewarding. By starting completely over, you have a chance to decide what you want your life to […]
Protecting Family Businesses During a Virginia Divorce
/by Olmstead & Olmstead, PCDivorce can be a particularly tough experience when a family business is at stake. In Virginia, many family-owned businesses play a key role in a family’s financial health and future. When a couple decides to end their marriage, figuring out what happens to the business becomes an important part of the legal process. Protecting these […]
Unique Child Support Issues for Special Needs Children in Virginia
/by Olmstead & Olmstead, PCRaising a child with special needs requires more support than raising a typical child. In Virginia, child support for special needs children takes into account the extra care and financial resources needed. This means that the legal system looks at various factors to ensure that these children get the care they deserve. Parents may need […]
How is Alimony Decided in a Virginia Divorce?
/by Tim OlmsteadWhen a couple in Virginia divorces, alimony might become a key issue. Also known as spousal support, alimony involves financial payments from one spouse to the other after a marriage ends. Its main goal is to help the receiving spouse maintain a lifestyle similar to what they had during the marriage. Whether you believe you […]
What Year of Marriage is Most Common for a Divorce?
/by Tim OlmsteadAlthough divorce rates have slowly decreased over the years, it’s still common in the United States. While divorce can occur at any point in a marriage, certain stages of life lend themselves to divorce more than others. Knowing this can help you take steps to protect your marriage or understand the reasons for your divorce. […]