Bristle & Yi Law, PLLC

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October 2019 Archives

Some couples are saving money by getting a divorce

Many happily married Virginia couples would feel uncomfortable asking their spouse for a divorce in order to save some money. However, there are some who are considering a divorce on paper in order to save money, especially high-earning couples who want to avoid the so-called "marriage penalty." This applies to couples who file their taxes jointly and have taxable income in the 37% tax bracket.

Determining a home's value in a divorce

Estranged Virginia spouses who are seeking a divorce may be interested in retaining their marital homes. In some cases, this is done by buying out the other spouse. There are many different factors that need to be considered when determining how much a buyout could be worth. For instance, it is important to figure out how much equity is in the home. Equity is the value of the home after subtracting the balance owed on a mortgage.

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Bristle & Yi Law, PLLC
9200 Church Street
Suite 202
Manassas, VA 20110

Phone: 703-278-2027
Phone: 703-454-0701
Fax: 703-649-6368
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