7.1 In General
| Library | Virginia Family Law: A Systematic Approach (Virginia CLE) (2018 Ed.) |
7.1 IN GENERAL
Section 20-107.3 of the Virginia Code governs the property interests of each spouse in a divorce. It is referred to as an "equitable distribution" statute, and it recognizes marriage as a partnership and provides a means to equitably divide the wealth accumulated during a marriage. 1 In an equitable distribution proceeding, the court may divide jointly owned marital property, make a monetary award, make a pension-based or injury-based award, or decree some combination of these remedies...
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