5 Things You Should Know About a High Net Worth Divorce in Virginia

5 Things You Should Know About a High Net Worth Divorce in Virginia

Due to the complex assets owned by the parties and the difficulty in gathering the essential financial documents, high-net-worth divorces in Virginia are more expensive and problematic than regular divorces. While the same Virginia statutes govern high net worth divorces as ordinary divorces (Code of Virginia 20-91), it is still vital to know some of the typical problems that affect …

When should you consider a prenup in Virginia?

When should you consider a prenup in Virginia?

A prenuptial agreement or a premarital agreement, as it’s officially called in Virginia, is a contract at its most basic form. This means that any prenuptial agreement established and enforced in Virginia must adhere to the standards of contract law. A prenuptial agreement is defined under Virginia Code § 20-148 as an agreement between engaged couples that starts on the …

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Holcomb Law Ranks Among Highest-Scoring Businesses on Inc. Magazine’s Annual List of Best Workplaces for 2022

Yorktown, Virginia May 10, 2022: Holcomb Law has been named to Inc. magazine’s annual Best Workplaces list. Featured in the May/June 2022 issue, hitting newsstands on May 17, 2022, and prominently featured on Inc.com, the list is the result of a comprehensive measurement of American companies that have excelled in creating exceptional workplaces and company culture, whether operating in a physical …

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Getting the Most Out of Your Initial Consultation

You’ve taken the first step towards getting some answers and help on your matter and you have set an appointment for an initial consultation. You’ve filled out the information the firm has requested, but is there anything else you can do to be ready for your meeting with the attorney? What will help you get the most out of your …

Grounds for Divorce in VA

Grounds for Divorce in VA

Virginia is one of the few U.S. states that still permit “fault” divorces. A “fault” divorce is based on bad behavior; one spouse must claim that the other was “at fault” for the divorce due to misconduct that resulted in the marriage’s breakdown. Fault Divorce in Virginia  In Virginia, the most commonly used grounds for a fault-based divorce are:  Adultery …

Changes to Virginia Divorce Law in 2021

Changes to Virginia Divorce Law in 2021

The Virginia General Assembly usually passes new legislation concerning family law issues on July 1st of each year. Some new laws are only clarifications of existing laws, while others bring about major changes. In 2021, the Virginia General Assembly made substantial changes to Virginia Code § 20-106, which governs the standards for a divorce based on no-fault grounds. Corroborating Witness …

Holcomb Article on The Smoke Signal

A local publication published an article by Wayne Holcomb where he shares his story, and the vision he had to create Holcomb Law and Holcomb Mediation Centers to be something truly different in the industry. (Click image to expand) Download the PDF

Is Virginia a No-Fault Divorce State?

Is Virginia a No-Fault Divorce State?

Yes, Virginia is a state that allows for no-fault divorce. This implies you can divorce without stating your spouse did something to irreparably harm the marriage. This procedure, often known as an “uncontested divorce,” allows a couple to dissolve their marriage in a more timely and cost-effective way. Two Types of Divorce in Virginia  There are two types of divorce …

How to Prove Adultery in Virginia

How to Prove Adultery in Virginia

Adultery is defined under Virginia law as “sexual intercourse by a married individual with any person who is not their spouse.” Under Virginia Code 20-91, adultery is a fault-based reason for divorce. Unlike other grounds for divorce, there is no waiting time before filing on the basis of adultery. Adultery is difficult to establish, but if proven, it can have …

Dividing 401(k) and Pension Accounts in a Virginia Divorce

Retirement 401(k) and pension accounts are some of the most critical assets acquired by married couples. In a divorce, the parties may need to divide these assets, even if they are only in the name of one spouse. While retirement accounts are generally considered marital property, issues can sometimes develop about how to divide them. Dividing 401(k) Virginia views 401(k) …