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Fairfax Family Law Blog

Going Beyond The Financial In A Premarital Agreement

Premarital agreements are traditionally seen as a means to protect assets. One spouse may be entering the marriage with a great deal of money, a business, or something else that he or she may want to ensure keeping in the event of a divorce.

However, an article from Glamour suggests that a new generation may be using these contracts to protect much more than their bank accounts.

The Susan Hicks Group, PC enjoys the day at the 18th Chipping In to End Domestic Violence Charity Golf Tournament!

golf.jpgEach year another local firm organizes and hosts the Chipping In to End Domestic Violence Charity Golf Tournament. Once again, The Susan Hicks Group, PC sponsored the tournament and attorneys Debra Powers, Leigh Taylor, and Dana Wolfson, along with Dana's husband, enjoyed a day of fun and community camaraderie. While we were far from the first place team, the tournament raised $53,732.41, which will go directly to the Artemis House.

What Is A No-Fault Divorce?

In Virginia, spouses can file for divorce on either a “fault” or “no-fault” basis. No-fault divorce is a popular option because neither party is required to place or accept blame in order for the marriage to be dissolved. However, divorcing couples do have the option of filing a fault-based divorce in certain circumstances. Care must be taken in determining whether to file on a fault basis, and if so, the grounds upon which to file for divorce.

Are Retirement Accounts Subject To Property Division?

In Virginia, courts divide marital property equitably in a divorce. Virginia law defines marital property as all property acquired following the date of marriage and before the date of the last separation, including retirement accounts and retirement savings. There are exceptions for property acquired during this period if it is acquired through inheritance or gifted from a party other than the spouse, or if the property is an increase in value of property owned by one party prior to the marriage.

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