Estate Planning Posts
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The Life Estate Deed
A Revocable Living Trust (RLT) is an estate planning document that is sometimes used instead of a traditional Last Will and Testament.
Revocable Living Trust
A Revocable Living Trust (RLT) is an estate planning document that is sometimes used instead of a traditional Last Will and Testament.
Transfer on Death Deeds in Virginia
Virginia allows its citizens to record a Transfer on Death Deed (TODD) prior to their death. This deed will automatically transfer the real property to the beneficiary named on the TODD upon the death of the property owner. Transfer on Death Deeds can be very useful...
Who is in charge of my Funeral?
What happens to your remains when you die? What if you are not married and have no children? Who gets to determine what happens to your remains? What if your children don’t get along and you know they won’t agree on how to handle your remains and funeral arrangements?...
The Elderly, Bankruptcy & Reverse Mortgages
Are there people that a bankruptcy cannot help? Unfortunately, yes. There are many well deserving people that are beyond the help of the bankruptcy code. There are waiting periods between bankruptcies; so, if you have recently filed, then you may not be able to file...
Insurance and Annuity Exemptions
Until recently when a debtor filed a chapter 7 bankruptcy he would not be able to exempt (protect from his creditors) the cash surrender value of his life insurance policy. If the debtor did not have enough room on his Homestead Deed, then he would have to turn over...
Last Will and Testament
By John Lee While Virginia allows a person to draft his own Last Will and Testament it is certainly not advisable. There are many unforeseen pitfalls to even basic estate planning. An attorney can help you come up with an Estate Plan that sets your mind at rest and...
The Shot Gun Clause & the Shareholder
By John W. Lee As a child, I loved the old western shows where the two cowboys had a dispute over some land, a woman, or some perceived slight; and a challenge to a duel was offered up. Typically the two cowboys would end up on the dusty street at high noon and one...