Warsaw Estate Planning Lawyer, Virginia

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Daniel J. Bounds
About | Practice Areas
Bounds & Bounds, PLLC
1724 Cloister Dr Richmond, VA 23238» view map
Divorce & Family Law
40+ Years Combined Experience

All of our attorneys are Marines. We think outside the box to get the job done–stress be damned. We believe success is built upon a range of experiences.

800-799-5380
1. Daniel J. Bounds Richmond, VA
  Attorney at Law - VA, 2019
  Louisiana State University J.D.
2. AboutBounds & Bounds, PLLC
  Our firm is always ready to go the distance and represent your interests at trial.
3. Practice AreasExpertise
  Divorce & Family Law
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Includes: Gift Taxation

R. Lee Stephens Jr.

Business Organization, Corporate, Estate Planning, Employment

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CONTACT

4507 Irvington Road, Irvington, VA 22480

Irwin A. Heller

Estate Planning, Family Law, Business Organization, Bankruptcy

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FREE CONSULTATION

CONTACT

2201 Libbie Avenue, Richmond, VA 23230

Tommy P. Baer

Immigration, Estate Planning, Family Law, Business Organization

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FREE CONSULTATION

CONTACT

2201 Libbie Avenue, Richmond, VA 23230

Heather W. Lewis

Child Custody, Estate Planning, Divorce, Family Law

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Saluda, VA 23149

Dexter C. Rumsey

Trusts, Estate Planning

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CONTACT

Irvington, VA 22480

William John Seidel

Tax, International, Estate Planning, Estate

Status: Licensed: 42 Years

FREE CONSULTATION

CONTACT

1111 E Main St, Richmond, VA 23219

Timothy G. Moore

Corporate, Family Law, Estate Planning, Real Estate

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CONTACT

411 E Franklin St, Richmond, VA 23219

Stephen G. Reardon

Real Estate, Wills & Probate, Estate Planning, Corporate

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CONTACT

411 E Fanklin St, Richmond, VA 23219

Christine M. Corey

Family Law, Estate Planning, Adoption, Divorce, Customs

Status:

CONTACT

1111 E Main St, Richmond, VA 23219

Andrew W. Oxenreiter

Corporate, Estate Planning, Real Estate, Wills, Education

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CONTACT

250 Rocketts Way, Richmond, VA 23231

800-814-6700

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LEGAL TERMS

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

MARITAL LIFE ESTATE TRUST

See AB trust.

SURROGATE COURT

See probate court.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

CREDIT SHELTER TRUST

See AB trust.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

SAMPLE LEGAL CASES

Ott v. L & J HOLDINGS, LLC

... Lou Ann consulted Glenn H. Goodpasture, a Fredericksburg attorney, who formed an entity called L & J Holdings, LLC (L & J) to accomplish her purpose. Lou Ann had also consulted R. Leigh Frackleton, Jr., Goodpasture's law partner, with respect to estate planning. ...

Keener v. Keener

... More than four years before his death, the testator consulted an attorney specializing in estate planning, who prepared a "pour-over" will that left all the testator's property to the "Hollis Grant Keener Revocable Living Trust" (the trust). ...

Campbell v. Campbell

... App. 580, 586, 397 SE2d 257, 261 (1990). "[G]ifts to family members c[an] be considered dissipation," but a "pattern of pre-separation giving as a part of estate planning" can provide evidence to support a finding that the giving was not done in anticipation of divorce. ...

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Warsaw Estate Planning Lawyer, Virginia

Sponsored Law Firm

Bounds & Bounds, PLLC

SPONSORED LAWYERS

R. Lee Stephens Jr.

Irwin A. Heller

Tommy P. Baer

Heather W. Lewis

Dexter C. Rumsey

William John Seidel

Timothy G. Moore

Stephen G. Reardon

Christine M. Corey

Andrew W. Oxenreiter

TIPS

LEGAL TERMS

ESTATE TAXES

MARITAL LIFE ESTATE TRUST

SURROGATE COURT

DISINHERIT

ENDOWMENT INSURANCE

CREDIT SHELTER TRUST

QDOT TRUST

SWEARING MATCH

POWER OF APPOINTMENT

SAMPLE LEGAL CASES

Ott v. L & J HOLDINGS, LLC

Keener v. Keener

Campbell v. Campbell

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