International Assets Divorce Lawyer New Kent County — How Are Foreign Assets Divided?
Dividing international assets in a New Kent County divorce is governed by Virginia’s equitable distribution statute, Va. Code § 20-107.3. This law requires the court to identify, value, and fairly divide all marital property, including overseas bank accounts, foreign real estate, and offshore investments. As an International Assets Divorce Lawyer New Kent County, Law Offices Of SRIS, P.C.
Virginia Law on Dividing International Assets in Divorce
Virginia is an equitable distribution state, not a community property state. This means the court divides marital property fairly, but not necessarily equally, based on 11 statutory factors. The process applies to all marital assets, regardless of their physical location. The key statute is Va. Code § 20-107.3, which Mr. Sris personally helped amend. This law gives the New Kent County Circuit Court authority to classify property as marital or separate and to order a division.
Last verified: April 2026 | New Kent County Circuit Court | Virginia General Assembly
Official Legal Resources
For the full text of the law, review Va. Code § 20-107.3 (official Virginia General Assembly website). For local court procedures, visit the New Kent County Circuit Court website.
Handling Overseas Property in a New Kent County Divorce
A foreign asset division lawyer New Kent County must first establish the court’s jurisdiction over property located outside the United States. The New Kent County Circuit Court can issue orders affecting titled assets and accounts, but enforcing those orders internationally requires specific legal strategies. A common local procedural fact is that the court often orders the sale of foreign real estate and the equalization of proceeds through other marital assets if direct division is impractical.
- Full Disclosure: You must identify all foreign bank accounts, investments, and real estate in your mandatory financial disclosures.
- Valuation: Obtain experienced appraisals for overseas property, considering currency exchange rates and local market conditions.
- Classification: Determine if the asset is marital (acquired during marriage) or separate (inherited or owned before marriage).
- Proposed Division: Your lawyer will present a plan for dividing or offsetting the value of international assets.
- Court Order: The judge issues a final order directing the division, which may involve selling assets or transferring titles.
- Enforcement: Work with counsel in the foreign jurisdiction to implement the U.S. court’s order, if necessary.
Potential Outcomes and Considerations
In New Kent County, dividing international assets in a divorce can result in the sale of the property, a buyout by one spouse, or an offset using other marital assets of equivalent value located within the U.S.
| Asset Type | Key Challenge | Typical Resolution |
|---|---|---|
| Foreign Real Estate | Jurisdiction & Enforcement | Court-ordered sale; proceeds divided |
| Overseas Bank Accounts | Discovery & Valuation | Cash offset or direct transfer |
| Offshore Investments | Tax Implications | Division in-kind or valuation offset |
| Foreign Business Interests | Complex Valuation | experienced appraisal; buyout or offset |
Results may vary. Prior results do not guarantee a similar outcome.
Why Choose Our Firm for Your International Divorce
Law Offices Of SRIS, P.C. was founded in 1997 by former prosecutor Mr. Sris. Our firm brings over 120 years of combined legal experience to complex family law matters. Mr. Sris personally played a role in amending Virginia’s equitable distribution statute, Va. Code § 20-107.3, giving us deep insight into the law governing your case. We understand the intricate details of tracing and valuing overseas property.
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
Case Results and Client Focus
In New Kent County, our firm has a documented record in family law matters. We approach each case with a focus on achieving a fair division of all assets, domestic and international. Mr. Sris, our firm’s founder and a seasoned attorney with multi-state practice, provides strategic oversight on complex financial cases. His background in accounting and information systems is a unique advantage when dealing with sophisticated asset portfolios.
Results may vary. Prior results do not guarantee a similar outcome.
Contact Our New Kent County International Assets Divorce Lawyer
Law Offices Of SRIS, P.C. — Richmond Location
7400 Beaufont Springs Dr Suite 300 Room 359, Richmond, VA 23225, United States
Toll-Free: (888) 437-7747 | Local: (804)201-9009
By appointment only. 24/7 phone consultations.
Our Richmond location serves clients in New Kent County and is accessible via I-64. We represent individuals in New Kent, Providence Forge, and Quinton. As an International Assets Divorce Lawyer New Kent County, we provide accessible counsel for complex divorces.
Frequently Asked Questions
Can a New Kent County court divide property located in another country?
Yes. A New Kent County court has jurisdiction to classify and order the division of all marital property, including foreign assets, under Va. Code § 20-107.3. However, enforcing the order against the asset itself may require separate legal proceedings in that country.
What is the most important step in dividing overseas property?
Full and honest disclosure. You must list all foreign accounts and assets in your financial disclosures. Failure to do so can result in the court awarding the hidden asset entirely to the other spouse or imposing sanctions.
How is foreign real estate valued for a Virginia divorce?
It depends. The court typically requires a formal appraisal by a licensed professional in that country. The value is then converted to U.S. dollars using the exchange rate on the date of valuation or another date set by the court.
Do I need a lawyer in the foreign country and in Virginia?
Often, yes. An overseas property divorce lawyer New Kent County can handle the Virginia case and coordinate with foreign counsel. Local counsel in the asset’s country may be needed for valuation, local law advice, and enforcing any U.S. court order.
What happens if my spouse hides an overseas asset?
If discovered, the court can award you 100% of that asset’s value from other marital property. The court may also order your spouse to pay your attorney’s fees and costs incurred in uncovering the asset.
Related Pages: For other legal services, see our Virginia Family Law hub, or learn about divorce in Henrico County. If you have other legal needs, consider a New Kent County criminal defense lawyer.
Page Last verified: April 2026. Laws change. Contact Law Offices Of SRIS, P.C. for current guidance.