Lowry Trusts Lawyer, Virginia

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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
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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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Lydia Patricia Myers

Estate Planning, Trusts

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CONTACT

460 Woodhaven Drive, Lynchburg, VA 24502

Rayner V. Snead

Real Estate, Trusts, Estate, Personal Injury

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CONTACT

4112 Peakland Pl, Lynchburg, VA 24503

Joseph C. Knakal

Estate Planning, Business, Trusts

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CONTACT

2306 Atherholt Road, Lynchburg, VA 24501

Holly Brooke Trent

Real Estate, Corporate, Trusts

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CONTACT

2301 Langhorne Road, Lynchburg, VA 24501

Susan E. B. Cook

Trusts, Personal Injury, Corporate, Employment Discrimination

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CONTACT

828 Main St, Lynchburg, VA 24504

J. Lee E. Osborne

Trusts, Employment Discrimination, Corporate, Personal Injury

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CONTACT

828 Main St, Lynchburg, VA 24504

Alexander I. Saunders

Trusts, Personal Injury, Corporate, Employment Discrimination

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CONTACT

828 Main St, Lynchburg, VA 24504

Wm. Tracey Shaw

Trusts, Personal Injury, Corporate, Employment Discrimination

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CONTACT

828 Main St, Lynchburg, VA 24504

Kaitlyn Elizabeth Evans Martin

Trusts, Employment Discrimination, Criminal, Personal Injury

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CONTACT

Lynchburg, VA 24505

Theodore J. Craddock

Litigation, Public Finance, Trusts, Corporate, Commercial Real Estate

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CONTACT

Lynchburg, VA 24505

800-814-6700

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LEGAL TERMS

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

SAMPLE LEGAL CASES

Dodge v. Randolph-Macon Woman's College

... The Attorney General shall have the same authority to act on behalf of the public with respect to such assets as he has with respect 808 to assets held by unincorporated charitable trusts and other charitable entities, including the authority to seek such judicial relief as may be ...

Ladysmith Rescue Squad, Inc. v. Newlin

... At that point, the trustees, the two surviving income beneficiaries and Upper Caroline (the moving parties) moved the court to authorize the trustees to divide the trust into two equal trusts, to be called the "Upper Caroline Trust" and the "Ladysmith Trust." Ladysmith objected to the ...

RUSSELL REALTY ASSOCIATES v. Russell

... The partnership interests were held by Charles Russell, Eddie, individually, and Eddie and Nina as co-trustees of the trusts created for the benefit of Nina and her two sons. Between 1978 and 1985, Charles Russell decreased his partnership interest. ...

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Lowry Trusts Lawyer, Virginia

Sponsored Law Firm

Price Benowitz LLP

SPONSORED LAWYERS

Lydia Patricia Myers

Rayner V. Snead

Joseph C. Knakal

Holly Brooke Trent

Susan E. B. Cook

J. Lee E. Osborne

Alexander I. Saunders

Wm. Tracey Shaw

Kaitlyn Elizabeth Evans Martin

Theodore J. Craddock

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LEGAL TERMS

INHERIT

ADMINISTRATRIX

PERSONAL PROPERTY

INHERITANCE TAXES

TRUSTEE POWERS

GENERATION-SKIPPING TRUST

SPECIFIC BEQUEST

CHARITABLE TRUST

IRREVOCABLE TRUST

SAMPLE LEGAL CASES

Dodge v. Randolph-Macon Woman's College

Ladysmith Rescue Squad, Inc. v. Newlin

RUSSELL REALTY ASSOCIATES v. Russell

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