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Monthly Archives: May 2011

IRA Withdrawal Penalty is Dissipation of Marital Estate (access required)

A Hanover County Circuit Court says wife’s use of $17,180 from the parties’ IRA was for proper purposes such as payment for attorney’s fees, the children’s college expenses, car repairs and household expenses, but the $5,727 tax penalty she incurred ...

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Living with Wife’s Parents Affects ED Award (access required)

Although husband was the only wage-earner during the parties’ 11-year marriage, as wife was disabled from fibromyalgia and chronic fatigue syndrome, wife financially contributed her monthly social security disability check, and the couple lived with wife’s parents who helped care ...

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ED Award Accounts for Wife’s Nonliquid Interests (access required)

As husband is majority shareholder of one of the couple’s businesses and managing member of the other, his interests are more marketable than wife’s corresponding minority and non-managing membership interests, and the Hanover Circuit Court awards wife one-half of the ...

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Judge overturns $3.17M verdict for contractor

Danville U.S. District Judge Jackson Kiser has ordered a new trial for a Martinsville contractor’s claims of racial discrimination, based in part on post-trial evidence that undermined testimony about the company’s damages. The decision undoes a jury’s $3.17-million award against ...

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