What it is
The Property Division Calculator analyzes how marital property would be divided under Virginia's equitable distribution law. It classifies assets as marital, separate, or hybrid, applies statutory factors, and generates multiple division scenarios with tax impact analysis.
When you need this
- You need to understand how a court might split your assets
- You have a mix of marital and separate property to sort out
- You want to compare different division scenarios (who keeps the house, etc.)
- You need to understand the tax consequences of different splits
What you'll need to answer
- List of all assets with current fair market values
- Classification of each asset (acquired before or during marriage)
- For hybrid assets: the original separate value and how it appreciated
- All marital debts with current balances
- Cost basis for assets (for tax impact analysis)