Divorce Property Division – A Guide to Equitable Distribution in Illinois
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Virginia follows the principle of equitable distribution when dividing marital property. Equitable distribution does not necessarily mean an equal 50-50 split, but rather a fair distribution considering various factors including: - Duration of the marriage - Contributions of each spouse to the marital property - Age and health of both parties - Financial circumstances and earning potential of each spouse - Whether spousal support is awarded - Tax consequences of the property division - Any writt
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