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Hofheimer/Ferrebee P.C. - (757) 425-5200

Hofheimer/Ferrebee P.C.

Need Help? Call (757) 425-5200

OFFICE LOCATIONS

  • Virginia Beach
  • 1060 Laskin Road Suite 12B
    Virginia Beach, VA 23451
  • Phone: (757) 425-5200
  • Fax: (757) 425-6100
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  • Newport News
  • 11815 Fountain Way
    Newport News, VA 23606
  • Phone: 757-425-5200
  • Fax: 757-425-6100
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  • Chesapeake
  • 638 Independence Parkway, Suite 240
    Chesapeake, VA 23320
  • Phone: (757) 425-5200
  • Fax: (757) 425-6100
  • View Map

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What isMonetary Transferin Separation Agreement?

 

A:  Often times your husband may own an asset or business where you don't really want the asset but you would want the money representing your share of the asset. Let's assume that it's a Marital Asset and you have a 50/50 interest. So you gonna ask for a Monetary Award meaning you are going to ask you husband to pay you cash for you half of investment. When you do that in a Separation Agreement, you need to take precautions..




 
Charles R. Hofheimer
Charles R. Hofheimer
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