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May 2017 Archives

Three common mistakes to avoid when facing divorce

Men and women alike often face troubling issues when a marriage falls apart. Each individual may have questions about how to proceed - even a person who has gone through divorce before. Parents often have contentious disputes concerning child custody and parenting issues. Yet, during a time of tremendous stress, it is often difficult for people to focus on how to best move forward for the benefit of the kids, as well as for their own well being. Some mistakes seem to be more common than others. For that reason, we are outlining a few of the typical mistakes people make that can make their divorce more difficult.

Valuing Commercial Property for Divorce Purposes

Fact Pattern . . . Kristin and Tom were married in 1995. In 2011, Tom and his college roommate, Bill, formed "T&B, LLC," for the purposes of buying an office building in Fairfax. Throughout the years, tenants came and went; however, the building consistently averaged a rental rate of 80+%. Tom realized an average income from the LLC, for the past ten (10) years, of $400,000. Kristin and Tom began experiencing marital difficulties; separated from each other in July of 2016; and, are proceeding toward a divorce.Quere . . . How is Kristin's interest in the office building determined?

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Duff & Kronfeld, P.C.
11320 Random Hills Road, Suite 630
Fair Oaks Commerce Center
Fairfax, VA 22030

Phone: 703-591-7475
Fax: 703-273-4537
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