Knop v. Knop

OPINION BY JUSTICE STEPHEN R. McCULLOUGH

Ticonderoga Farms is a family company that owns nearly 1,000 acres of land in fast-growing Loudoun County. The shares in the company are owned by Peter J. Knop ("Father") and his three children. A dispute arose concerning what percentage of shares the children owned. The trial court concluded that -- although Mr. Knop intended to make gifts of stock to his children for estate planning purposes -- those gifts were never effectually made because they were never delivered to the children in the manner required by law. The trial court also rejected the…