Warsaw Estate Planning Lawyer, Virginia

Sponsored Law Firm

x
Click For More Info:

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
1. Contact
2. Email
3. Refer
5. Visit:
6. Website
7. Profile

Includes: Gift Taxation

R. Lee Stephens Jr.

Business Organization, Corporate, Estate Planning, Employment

Status:

CONTACT

4507 Irvington Road, Irvington, VA 22480

Irwin A. Heller

Estate Planning, Family Law, Business Organization, Bankruptcy

Status:

FREE CONSULTATION

CONTACT

2201 Libbie Avenue, Richmond, VA 23230

Tommy P. Baer

Immigration, Estate Planning, Family Law, Business Organization

Status:

FREE CONSULTATION

CONTACT

2201 Libbie Avenue, Richmond, VA 23230

Heather W. Lewis

Child Custody, Estate Planning, Divorce, Family Law

Status:

CONTACT

Saluda, VA 23149

Dexter C. Rumsey

Trusts, Estate Planning

Status:

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

Real Estate, Estate Planning, Family Law, Corporate

Status:

CONTACT

411 E Franklin St, Richmond, VA 23219

Stephen G. Reardon

Real Estate, Wills & Probate, Estate Planning, Corporate

Status:

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

Status:

CONTACT

250 Rocketts Way, Richmond, VA 23231

800-814-6700

Free Help: Use This Form or Call 800-814-6700

Call me for fastest results!
800-814-6700

Free Help: Use This Form or Call 800-814-6700

By submitting this request, I authorize you to forward my information to multiple potential lawyers and I agree to your Terms of Use and Privacy Policy including the Consent to Receive Automated Phone Calls, Emails and Texts. Information you provide is not privileged or confidential.

LEGAL TERMS

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.

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.

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.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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).

FUNDING A TRUST

Transferring ownership of property to a trust.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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. ...

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

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

NONPROBATE

ESTATE TAXES

GENERATION-SKIPPING TRUST

BENEFICIARY

CHARITABLE TRUST

FUNDING A TRUST

CONTINGENT BENEFICIARY

BEQUEATH

ADEMPTION

SAMPLE LEGAL CASES

Ott v. L & J HOLDINGS, LLC

Keener v. Keener

Campbell v. Campbell

SORT BY:

FILTER BY:

PRACTICE AREAS 30

NEARBY CITY SUGGESTIONS