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Seth Price
About | Practice Areas
Price Benowitz LLP
409 7Th St Nw Suite 200 Washington, DC 20004Â» view map
Estate Law
Working Relentlessly For You

Our firm was built on the understanding that comprehensive representation does not begin and end in the courtroom.

202-600-9400
1. Seth Price Washington, DC
  Attorney at Law- DC, 1996
  George Washington University Law School
2. AboutPrice Benowitz LLP
  Working Relentlessly for You
3. Practice AreasExpertise
  Estate Law
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Philip Cutchin Coulter

Traffic, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing

CONTACT

5865 Salisbury Dr Sw, Roanoke, VA 24018

Christine Frentz Underwood

Estate

Status: In Good Standing

CONTACT

6103 Saint Ives Ct, Roanoke, VA 24018

Donald R. Johnson

Estate Planning, Bankruptcy & Debt, Medical Malpractice

Status: In Good Standing

CONTACT

2014 Electric Road, Roanoke, VA 24018

John Stuart Honeycutt

Government, Wills & Probate, Workers' Compensation, Trade Associations

Status: In Good Standing

CONTACT

1819 Electric Road, Roanoke, VA 24018

Samuel Joseph Lazzaro

Estate, Employment, Criminal, Business

Status: In Good Standing

CONTACT

Salem, VA 24153

Stephen Michael Yost

Real Estate, Estate, Divorce, Contract, Wills & Probate

Status: In Good Standing

CONTACT

110 E First Street, Salem, VA 24153

Edward W. Lautenschlager

Real Estate, Estate, Criminal

Status: In Good Standing

CONTACT

201 South College Avenue, Salem, VA 24153

Ross Cameron Hart

Estate, Elder Law, Power of Attorney, Guardianships & Conservatorships

Status: In Good Standing

CONTACT

40 West Main Street, Salem, VA 24153

James Thomas Jordan

Real Estate, Estate

Status: In Good Standing

CONTACT

25 E Main Street, Salem, VA 24153

Stephanie Pitsenberger Cook

Litigation, Trusts

Status: In Good Standing

CONTACT

25 East Main Street, Salem, VA 24153

800-923-0641

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LEGAL TERMS

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

SAMPLE LEGAL CASES

Estate of James v. Peyton

In these consolidated interlocutory appeals arising from a personal injury action, we consider whether the circuit court erred in concluding that an amended motion for judgment properly names an administrator of an estate rather than the estate itself as a party defendant. Specifically, ...

Idoux v. Estate of Helou

On September 2, 2008, Idoux filed the present negligence action in the circuit court and identified the defendant as the "Estate of Raja Alexander Helou." On November 17, 2008, Idoux served the personal representative of the Estate with the complaint, after the relevant statute of ...

Williams v. COM., REAL ESTATE BOARD

The underlying facts in this matter are highly contested, and rather convoluted. In the fall of 2004, Williams was a licensed real estate agent working for Virginia Real Estate and Development, Inc. (VARED). On December 8, 2004, Williams entered into an agreement ...

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Salem Estate Lawyer, Virginia

Sponsored Law Firm

Price Benowitz LLP

SPONSORED LAWYERS

Philip Cutchin Coulter

Christine Frentz Underwood

Donald R. Johnson

John Stuart Honeycutt

Samuel Joseph Lazzaro

Stephen Michael Yost

Edward W. Lautenschlager

Ross Cameron Hart

James Thomas Jordan

Stephanie Pitsenberger Cook

TIPS

LEGAL TERMS

RESIDUARY ESTATE

TRUST CORPUS

ABATEMENT

INVESTOR

FINAL BENEFICIARY

HEIR AT LAW

WILL

PROBATE

NONPROBATE

SAMPLE LEGAL CASES

Estate of James v. Peyton

Idoux v. Estate of Helou

Williams v. COM., REAL ESTATE BOARD

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