Kelly Byrnes & Danker, PLLC continues to be fully available to serve the needs of both our existing clients as well as new clients for their family law matters. Although we are primarily working remotely due to the impact of COVID-19, we remain fully operational and accessible to meet with clients via video and telephone conferencing during this time period. Read More
The division of retirement accounts is usually one of the most significant aspects of property division in divorce. Traditional retirement plans offered by private employers are typically divided between spouses using a qualified domestic relations order (QDRO) issued...
You generally know what is happening with your money and your spouse’s money, as you have for the length of your marriage. You don’t handle all of the bookkeeping yourself, but you have a good sense of what things look like. You’ve now filed for divorce, though, and...
Typically, alimony (also known as “spousal support”) is paid monthly over a period of time. Generally, the purpose of alimony is to help the spouse with less income or a lower earning capacity maintain a standard of living that is comparable to that of the marriage,...
In most high-asset divorces, the division of the marital assets (and debts) is second in importance only to the custody arrangements for any minor children that the couple share. It is certainly true that the more assets a couple shares, the more challenging it will...
Most people in Fairfax and Leesburg have a lot of wealth tied up in their retirement plans. Some in the area may have a 401(k) plan through their private employers, while public employees and others may be entitled to a retirement pension after so many years of...
Property division in divorce can be the most stressful and complicated portion of the entire process. Splitting up the assets of between two people includes bank accounts, retirement assets, and expensive property like homes, cars, and boats. These assets are...
Regardless of how close or far away retirement might be for a Virginia couple, divorce could make a significant dent in their retirement savings. Further complicating matters may be the fact that it can be difficult to set aside emotions during divorce negotiations....
Virginia business owners who are getting married might wonder how they can ensure that the company does not become a point of contention if there is a divorce. With a prenuptial agreement, the couple can establish that the business is separate property, and it will...
Business owners and members of upper management in Virginia often have a lot at stake when they negotiate their divorces. Decisions about the division of real estate, retirement accounts and business assets often involve tension or outright disputes. The possibility...
In many divorces, one or both parties will have a 401(k) retirement account through an employer. As with other assets, the 401(k) is usually considered a part of the marital estate and is subject to division in Virginia. But when dividing these retirement accounts,...
