Appeals Filed By Both Sides
Previously on this Blog, Livesay & Myers, P.C. senior associate Matthew Smith explained the decision rendered in the divorce action between Continental Resources CEO Harold Hamm and his now-ex-wife, Sue Ann Arnall. This case was, and is, noteworthy because the decision awarded Ms. Hamm almost one billion dollars ($955,481,842, to be precise) for her share of the marital estate. If the trial court’s decision stands, this will be one of the largest divorce settlements of all time. The highest recorded settlement to date was for the divorce of Russian oligarch Dmitry Rybolovlev ($4.5 billion dollars).
However, at present both parties to this proceeding have filed appeals to the Oklahoma State Supreme Court. Oklahoma, like Virginia, is an equitable distribution jurisdiction, where the court determines the extent of the marital property, excludes certain assets as the separate … Read More »
One of the largest divorce judgments in United States history was rendered this week, when Continental Resources Chief Executive Officer Harold Hamm was ordered to pay nearly $1 billion to his ex-wife.
After a nine-week divorce trial that ended last month, Oklahoma Judge Howard Haralson ruled, in an 80-page decision, that Sue Ann Hamm should receive a total of $995.5 million, among other significant assets.
And it would seem that Mr. Hamm got off lightly. The marital estate was estimated to be worth at least $18 billion, largely tied up in Continental shares, and Ms. Hamm sought a much larger sum than what she was awarded.
Mr. Hamm controls 68% of the oil company’s stock, and the ruling does not require him to part with those shares. Still, Ms. Hamm will shortly become one of the 100 wealthiest women in the U.S.
Judge Haralson … Read More »
When negotiating a marital settlement agreement or separation agreement, you will inevitably hear your counsel talk about certain standard “boilerplate” provisions. You will probably just glance over these provisions, and your attorney will likely only touch on them briefly while focusing on the meat of the agreement—custody and visitation, support, property, debts, retirement, etc. Unfortunately, such a crude review of these provisions could prove costly.
Take for example the case of Hale v. Hale (2003), wherein Wife was awarded a portion of both Husband’s employer-provided pension plan and his employer-contributed 401(k). Wife had sought an equitable distribution of both assets, while Husband had maintained that only the pension plan was to be divided per the parties’ separation agreement. The agreement referred in its retirement provisions to the “pension plan” in the singular. However, the heading of the retirement provisions and the parties’ boilerplate preamble language … Read More »
The first step for most people in obtaining legal counsel for a custody, divorce or other family law matter is to have an initial consultation with an attorney. Most consultations are scheduled for one-half to one full hour and most family lawyers in Northern Virginia do charge a consultation fee. The consultation is your opportunity to describe your situation to an attorney and receive an overview of the legal issues in your case, and perhaps a proposed course of action. It is also your opportunity to interview the lawyer in order to decide if they are the person to best represent you and your legal interests. Likewise, the consultation allows the attorney to determine if the case is one in which they can offer assistance.
Here are ten tips to help you make the most of your family law initial consultation:
Seek advice as … Read More »
Virginia Code Section 20-107.1 provides that pursuant to a divorce, a court may reserve the right of a party to receive spousal support in the future. Furthermore, “in any case so reserved, there shall be a rebuttable presumption that the reservation will continue for a period equal to 50 percent of the length of time between the date of marriage and the date of separation. Once granted, the duration of such reservation shall not be subject to modification.”
What does this mean? This means that in lieu of a spousal support award, or in addition to a spousal support award, a Virginia court can grant a reservation for one or both parties to seek additional spousal support from the other in the future.
Why would a spouse not elect to immediately pursue his or her reservation? Because it’s not as simple as … Read More »
The Difference Between Jurisdiction and Venue
Jurisdiction and venue are two very different legal terms that are often, and wrongly, used interchangeably.
Jurisdiction is the power of a court to adjudicate a case upon the merits and dispose of it as justice may require. Litigants cannot bestow this power on the court by waiver or consent; jurisdiction can only be granted to a court by constitution or legislation. In Virginia, a court has jurisdiction over a family law case if it has (1) jurisdiction over the subject matter, (2) jurisdiction over the person, and (3) jurisdiction to render the specific relief sought. For example, pursuant to Virginia Code Section 20-96, the circuit courts in Virginia have jurisdiction over suits for annulment, divorce, separate maintenance, and for affirming marriages.
In contrast, venue is the place where the power to adjudicate a controversy is exercised, and it can be waived … Read More »
Divorce can be financially difficult for both parties, particularly in today’s economy. If you are the breadwinning spouse, you may face special difficulties—which include but are not limited to the following:
Your spouse doesn’t (or refuses to) work, so you may be looking at higher amounts of spousal support and child support.
Your name is tied to all of the marital debts because your spouse doesn’t have good credit.
You’re stuck paying everything: a mortgage, two car payments, and massive credit card debt that is more than you can afford.
Your spouse recklessly increases your debt, and only you are held responsible.
Your spouse has requested pendente lite support and attorney’s fees to help him or her carry on the divorce lawsuit.
Unfortunately, these are examples of some of the pitfalls that come with being the breadwinning spouse. Here are four tips to help protect yourself before, during … Read More »
Among the most common questions for many people facing divorce are those relating to spousal support: will the court order spousal support? If so, how much—and for how long? As explained in Spousal Support in Virginia, both local guidelines and the Virginia Code provide guidance on how trial courts are to go about determining the amount and duration of support. However, even with local guidelines and the factors stated in Virginia Code Section 20-107.1, awards of support vary greatly case by case. Nevertheless, the Virginia Court of Appeals recently reiterated the importance of the Code factors, in the Fairfax County divorce case Cleary v. Cleary.
The parties in Cleary were married for 17 years and had three children during the marriage. Both parties were employed, with the husband working as a financial advisor and the wife working as an independent contractor. The court granted the … Read More »
There was a time when divorce was never spoken about on television or in pop culture. In 1962, “The Lucy Show” became the first program to prominently feature the character of a divorced woman (with the character of Lucy’s housemate, divorcée Vivian Bagley).
Today, popular dramas like “The Good Wife” and “Mad Men” feature main characters who are divorced, and any stigma that once existed has disappeared. Reality programs like “The Real Housewives” and “Divorce Court” allow the masses to ogle the “private” lives of those seeking fame but settling for 15 minutes of uncomfortable notoriety.
Now comes a new twist on the portrayal of divorce on television: “Untying the Knot,” which premieres on the Bravo network on June 4th at 10:00 p.m., starring New Jersey matrimonial attorney Vikki Ziegler, along with “appraisal experts” Mark and Michael Millea.
Each episode … Read More »
Ever wonder whether the era of online dating has led to more separations and divorces? According to a recent survey of the nation’s top divorce attorneys, the answer is yes. Fifty-nine percent of respondents in the American Academy of Matrimonial Lawyers (AAML) have seen an increase in the number of cases using evidence from dating websites during the past three years.
Online dating contributes to divorce rates, but is also assisting divorce lawyers across the country in building their cases with easy-to-obtain evidence that can become critical to litigation outcomes.
Of those divorce attorneys surveyed, 64% cited Match.com as a primary source, with eHarmony.com running a distant second at 9%. Fifty-seven percent of AAML respondents singled out the “Relationship Status” listed by users as the most common piece of evidence utilized in their divorce cases, while 15% noted Salary and 7% listed … Read More »