Providing Guidance in Real Property Division
After filing for a divorce and starting a property division process, it becomes important to determine how many assets and funds each party placed into the property.
Determining how much each party owns of the property often requires a specific legal process known as "tracing," where each party investigates the resources used to purchase the property.
Tracing can prove to be a difficult or complicated legal process and may require the aid of an experienced legal professional. With more than 17 years of experience representing individuals and families in divorce proceedings involving division of real property, Manassas marital property distribution attorneys Knight & Stough, LLP are able to provide valuable guidance throughout the process.
Prince William County Property Tracing Lawyer
When conducting a tracing process, one of the main objectives is determining whether the property is community or separate property. Property tracing can be compared to forensic accounting, as it is essentially a form of investigation for determining what amount or percentage of the assets belongs to each spouse. Questions such as when the property was bought, who paid for it and how are focal points of the investigation. In order to refinance the home or pay back an amount of the value of the home, it may be necessary to seek advice from a legal professional. Contact our office today for more information about tracing.
Contact a Manassas, Virginia, Attorney Today
If you are seeking legal representation or would like more information about our services, contact Knight & Stough, LLP today to set up a consultation. You can reach lawyers Polly B. Knight or Barbara Murphy Stough at 703-659-1993 or by contacting us online.
