Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now.
– Denis Waitley
When spouses divorce in Virginia, the law requires an equitable distribution of marital property. Generally, all property will be defined as marital property or separate property. Marital property is property acquired during the marriage using marital funds; it belongs to both spouses and it must be divided equitably upon divorce. Separate property is property that […]
Understanding “Hybrid” Property in a Virginia Divorce Read More »
Saving for retirement is made easier by tax-advantaged accounts like 401(k)s and IRAs. Here is what you should know about these accounts. A 401(k) is a retirement savings account provided by one’s employer, who may also match the employee’s contributions up to a certain amount. Contributions are deducted from an employee’s paycheck before taxes, so
Use Tax-Advantaged Accounts for Retirement Savings Read More »
Grandparents often play an important role in a child’s life, and both grandparent and grandchild may suffer if they are unable to see each other. If one or more parent objects to a grandparent having visitation with a child, grandparents may wonder what their rights are. Virginia courts treat the parent-child relationship as primary, and
Grandparents’ Visitation Rights in Virginia Read More »
A 401(k) plan can be an important part of planning for retirement, but it is important to be aware of the fees that your plan charges, in order to be sure that you are getting the best value from your investments. One year ago, the Labor Department began requiring employers that sponsor a 401(k) savings
401(k) Fee Disclosure Benefits Employees Read More »
New parents have a lot of responsibilities to handle and estate planning may be the furthest thing from their minds. However, the creation of a family is precisely the time when planning for the future should be paramount, and new parents should take the time to plan their estates. The first step is to execute
Estate Planning is Important for New Parents Read More »
New parents have a lot of responsibilities to handle and estate planning may be the furthest thing from their minds. However, the creation of a family is precisely the time when planning for the future should be paramount, and new parents should take the time to plan their estates. The first step is to execute
U.S. Supreme Court Rules that Federal Life Insurance Policy Pre-empts Virginia Statute Read More »
For many couples, divorcing each other is just one more step in a contentious, unhappy relationship. For others, divorce is a sad experience shared by two people who wish each other well, but who simply came to realization that they were not well-suited. If you and your soon-to-be or now-ex spouse are lucky enough to
How to Have A Good Divorced Relationship Read More »
It can be extremely daunting for the newly single to face the idea of dating again. Divorce can leave you feeling disillusioned and intimidated, and if you were married for a long time, you may feel ill-equipped to make small talk and do the whole “get to know each other” routine yet again. But there
Dating (Again) Tips for the Newly Divorced Read More »
According to Fairfax divorce attorney Lisa McDevitt, there are several changes an individual may wish to make to their estate plans when they divorce their spouse. “One of the things you should check is if you need to rewrite your power of attorney,” says McDevitt. “Your divorce may not invalidate your will, but may invalidate
Estate Issues To Consider During Divorce Read More »
For women who are already wealthy, divorce only helped their financial portfolio. According to a survey by Spectem Group, 62 percent of women who reported a net worth of $1 million or more stated that they felt they were better off financially after they were divorced. That feedback is supported by a Pew Research Center
Use Your Financial Smarts After Divorce Read More »
