Estate Planning Posts
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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...