Lexington Equitable Distribution Lawyer — How Is Your Property Divided?
Lexington equitable distribution under Va. Code § 20-107.3 requires a fair, not equal, division of marital property. Law Offices Of SRIS, P.C. has 14 documented case results in Lexington. An equitable distribution lawyer Lexington can protect your financial future. We provide full representation for asset division in divorce.
Last verified: April 2026 | Lexington General District Court | Virginia General Assembly
Virginia Equitable Distribution Law
Virginia is an equitable distribution state, governed by Va. Code § 20-107.3. This statute, personally amended by Mr. Sris, requires the court to classify property as marital or separate and then divide marital property fairly based on 11 statutory factors. Marital property includes assets acquired during the marriage, while separate property includes assets owned before marriage, inheritances, and gifts to one spouse. The goal is a fair division, which is not necessarily a 50/50 split. The court considers contributions, debts, duration of marriage, and each spouse’s economic circumstances.
- File a Complaint for Divorce with a request for equitable distribution in Lexington Circuit Court.
- Complete mandatory financial disclosures, listing all assets and debts.
- Engage in discovery, which may include subpoenas for business records or appraisals.
- Attempt settlement through negotiation or mediation with your attorney.
- If no agreement, proceed to a trial where the judge applies the 11 factors of Va. Code § 20-107.3.
- The court enters a final order dividing the marital property and debts.
Official Legal Resources
For the full text of the law, see Va. Code § 20-107.3 (official Virginia General Assembly). For court forms and procedures, visit the Lexington General District Court website.
Property Division Factors in Lexington
In Lexington, equitable distribution considers contributions to the family, the length of the marriage, and each spouse’s economic circumstances.
| Factor Considered | Court’s Analysis |
|---|---|
| Monetary & Non-Monetary Contributions | Income, homemaking, child care, career sacrifices. |
| Marital Debts & Liabilities | How and for whose benefit debts were incurred. |
| Duration of the Marriage | Longer marriages often lead to more equal divisions. |
| Age & Physical/Mental Condition | Capacity for future employment and financial needs. |
| Tax Consequences | Impact of dividing retirement accounts or selling property. |
Results may vary. Prior results do not guarantee a similar outcome.
Why Choose Our Lexington Family Law Team
Founded in 1997 by former prosecutor Mr. Sris, Law Offices Of SRIS, P.C. brings over 120 years of combined legal experience to complex family law matters. Mr. Sris personally amended Virginia’s equitable distribution statute (Va. Code § 20-107.3), giving our team unique insight into its application. We have a documented record of favorable outcomes for our clients.
Samantha Rae Powers, Associate Attorney at Law Offices Of SRIS, P.C. — Licensed in VA, FL. Experienced family law and civil litigator. View Samantha Rae Powers’s Profile
Lexington Case Experience
Our firm has 14 total documented case results across all practice areas in Lexington, with a 100% favorable outcome rate. We have successfully negotiated property settlements and litigated complex division cases involving businesses, retirement accounts, and real estate. Mr. Sris, with his background in accounting and information systems, provides a distinct advantage in analyzing financial records for asset division in divorce lawyer Lexington cases.
Results may vary. Prior results do not guarantee a similar outcome.
Lexington Equitable Distribution Lawyer Near Me
Our Richmond location serves clients at the Lexington courts (2 South Main Street). We are accessible via I-81 and I-64. We serve the Lexington community, including areas near VMI and Washington and Lee University.
24/7 phone consultations — meetings by appointment only.
Law Offices Of SRIS, P.C.
7400 Beaufont Springs Dr Suite 300 Room 359
Richmond, VA 23225
Toll-Free: (888) 437-7747 | Local: (804)201-9009
By appointment only.
Lexington Equitable Distribution FAQs
How is property divided in a Lexington divorce?
It depends. Virginia uses equitable distribution under Va. Code § 20-107.3. The court classifies property as marital or separate, then divides marital property fairly based on 11 factors like contributions, marriage length, and economic circumstances. It is not an automatic 50/50 split.
Is Virginia a community property state?
No. Virginia is an equitable distribution state. Marital property is divided fairly but not necessarily equally. The court considers statutory factors. Separate property, like pre-marriage assets or inheritances, is excluded from division.
What is considered marital property in Virginia?
Marital property includes all assets and debts acquired from the date of marriage until the date of separation, with few exceptions. This typically includes income, real estate, retirement accounts, and businesses acquired during the marriage. An equitable distribution lawyer Lexington can help classify complex assets.
How long does equitable distribution take in Lexington?
For complex cases with business valuation or retirement assets, the process can take 12-24 months. Uncontested cases with a signed agreement are much faster. The timeline depends on the complexity of assets and level of dispute between spouses.
Can a spouse hide assets during divorce?
No. Both parties must provide full financial disclosure under oath. Hiding assets is fraud and can result in the offending spouse receiving a lesser share, being held in contempt, and facing other penalties. Discovery tools like subpoenas can uncover hidden assets.
Related Legal Help in Lexington
If you are facing other legal issues, our firm also provides representation for criminal defense in Lexington and DUI defense in Lexington. For all Virginia family law matters, visit our Virginia family law hub page. We also assist clients in nearby jurisdictions like Henrico County and Chesterfield County.
Last verified: April 2026. Laws change — contact Law Offices Of SRIS, P.C. at (888) 437-7747 for current guidance.