Equitable Distribution

At Dirk Padgett Law PLLC in the Roanoke Valley of Virginia, I have experience representing divorcing couples from all income levels and backgrounds. Whether you are college students who have been married a short time or successful business professionals approaching retirement, we are committed to helping you safeguard your financial interests.

Let our family law attorneys skillfully and strategically guide you through the equitable distribution process.

Dividing Retirement Accounts And Pensions

Although most people think of marital property as houses and bank accounts, it can encompass far more. Retirement accounts and pensions can be significant marital assets. Even if a 401(k) is in one spouse's name, the other spouse may be entitled to a portion. I can advise you in these complex matters.

Valuing Businesses And Professional Practices

If you or your spouse owns a business or a professional practice, this asset may count as marital property. In these cases, accurately valuing the business is key. We can help you determine the net worth of the company, as well as what each spouse contributes to the overall success of the enterprise.

Assigning Responsibility For Debts

Another important part of the equitable distribution process is fairly assigning responsibility for marital debts. For instance, if both spouses are on the mortgage, who will actually make the mortgage payments? Typically, it will be the spouse who ends up with the house, but this isn't always the case.

Likewise, you must divide other debts such as joint credit card bills, car loans and other financial obligations.

Obtain Trustworthy Counsel From Our Attorneys

We encourage you to schedule a complimentary consultation with one of our lawyers to discuss your particular property division concerns. Call our Roanoke Valley law firm at 540-904-1630, or contact us online. You can rely on us for the keen legal counsel you seek.