If a couple marries late, 56 and 63, and the 56 year old has assets in her name only(retirement investments) will the state(VA) see those assets as only hers or belonging to both in terms of long term care?
Asked on 4/21/10, 7:01 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Under Virginia law, property which spouses owned previous to the
marriage generally remain the sole property of each (with some exceptions).
And, retirement investments (to which the non-owning spouse has in no way contributed) would not appear to qualify as one
of those exceptions.
Answered on 4/28/10, 6:16 am
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