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Filtering posts by practice area: Wills, Trusts & Estate Administration
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Priority Claims for Surviving Spouse and/or Minor Children

July 31, 2017

After losing a spouse, the surviving spouse can feel overwhelmed and anxious regarding available resources. This is particularly true if the probate estate of the deceased spouse is nominal or the deceased spouse had significant debt. There are...

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Special Needs Trust: The Importance of Getting it Right

November 03, 2016

It is commonplace today that most families either have knowledge of or may even have a family member who is a special needs individual. Special needs individuals, whether by virtue of a physical disability or mental disability, are often entitled...

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Specialized Trust Planning, Income Taxes, and Asset Protection

June 08, 2016

Over the last several years, we have seen a significant, perhaps even a sea-, change in the estate planning environment. For many years, practitioners were focused on transfer taxes as the tax rates were high and the exemptions were low. Then,...

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Foreign Bank Account Reporting: The Dragon has Teeth

April 16, 2014

A little known and sometimes extremely troublesome reporting requirement exists for United States persons who own foreign bank accounts in various countries around the world. To the extent that such accounts exceed the aggregate value of...

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Changes to Durable Powers of Attorney – The New Virginia Act

March 13, 2014

As of July 1, 2010, a new power of attorney statute for Virginia went into effect. The new statute, which applies prospectively to both existing powers of attorney and powers of attorney created years ago, makes some significant changes about...

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Asset Protection: Dealing with an Uncertain World

February 10, 2014

One of the most interesting and esoteric of the planning problems which we deal with is the area of asset protection. Asset protection is often done in the context of estate planning. Whether the primary goal is to protect assets or to plan for...

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Charitable Gifts and Taxes (Doing Well While Doing Good)

October 03, 2013

It is never too late to support a worthy charity – you can even include them as a beneficiary of your will, IRA, annuity, life insurance, etc. However, if you wish to qualify for a 2013 tax deduction, now may be an excellent time to make your...

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Estate Plans are Not Goods

October 01, 2013

Every person is unique and so must be their estate plan. With the availability of estate planning documents on the web, the preparation of an estate plan has become akin to purchasing a good. The preparation of an estate plan is not simply...

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Fiduciary Duties During Administration of Trusts and Estates

September 30, 2013

You have been appointed executor of an estate or trustee of a trust. You want to do your best for the beneficiaries but you have another major concern as well: avoiding being sued for the way you carry out your duties. Acting as fiduciary is a...

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Estate Planning and Powers of Attorney

October 12, 2011

In our estate planning practice, we often see Powers of Attorney prepared as part of a normal estate planning package. Because the terms and conditions of a typical, well-designed power of attorney are fairly standard, there is a tendency to treat...

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