Equitable Distribution Explained
Equitable distribution” is the term of art used for describing the division of property in the context of a divorce case. Virginia is one among the majority of states that have adopted equitable distribution as the method for dividing marital property and debts in divorce.
In Virginia, marriage is considered an economic partnership. To determine a fair division of marital property and debts, Virginia law requires the following: that property and debts be classified as marital, separate or part marital and part separate; that marital property and debts be valued; and that such marital property or debts be equitably divided based on the statutory factors in Virginia Code Section 20-107.3.