Brookneal Estate Planning Lawyer, Virginia

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Bryan Klein
About | Practice Areas
The Central Virginia Law Center, PLLC
4026 Wards Road Suite G1 Lynchburg, VA 24502» view map
Divorce & Family, Business, Estate
A Better Way Forward

Dedicated and caring law practice in Central Virginia to assist you in your legal matters.

800-947-2810
1. Bryan Klein Lynchburg, VA
  Attorney at Law- VA
2. AboutThe Central Virginia Law Center, PLLC
  A Better Way Forward
3. Practice AreasExpertise
  Divorce & Family
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Includes: Gift Taxation

Michael T Trent

Trusts, Estate Planning, DUI-DWI, Criminal, Personal Injury

Status: In Good Standing

CONTACT

7 S Main St, Halifax, VA 24558

Jennifer E. Stille

Divorce & Family Law, Wills, Estate Planning, Real Estate

Status: In Good Standing

CONTACT

828 Main St, Lynchburg, VA 24504

Joseph C. Knakal

Estate Planning, Business, Trusts

Status: In Good Standing

CONTACT

2306 Atherholt Road, Lynchburg, VA 24501

Chuck Sharkey

Estate Planning, Business, Immigration

Status: In Good Standing

CONTACT

Forest, VA 24551

D. Thomas Blair

Real Estate, Estate Planning, Family Law, Products Liability

Status: In Good Standing

CONTACT

620 Cherry Stone Road, Chatham, VA 24531

Edward Albion Armfield

Workers' Compensation, Personal Injury, Estate Planning

Status: In Good Standing

CONTACT

806 E. Main St., Bedford, VA 24523

Harry P. Sakellaris

Gift Taxation, Estate Planning, Corporate, Business Organization

Status: In Good Standing Licensed: 39 Years

CONTACT

549 Main Street, Danville, VA 24543

John P. Light

Government Agencies, Estate Planning, Family Law, Criminal

Status: In Good Standing

CONTACT

317 Patton Street, Danville, VA 24541

Stephen G. Bass

Litigation, Estate Planning, Family Law, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

126 South Union Street, Danville, VA 24541

800-923-0641

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LEGAL TERMS

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

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.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

NET ESTATE

The value of all property owned at death less liabilities or debts.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

CREDIT SHELTER TRUST

See AB trust.

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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Brookneal Estate Planning Lawyer, Virginia

Sponsored Law Firm

The Central Virginia Law Center, PLLC

SPONSORED LAWYERS

Michael T Trent

Jennifer E. Stille

Joseph C. Knakal

Chuck Sharkey

D. Thomas Blair

Edward Albion Armfield

Harry P. Sakellaris

John P. Light

Stephen G. Bass

TIPS

LEGAL TERMS

PROBATE

INHERITANCE TAXES

POWER OF APPOINTMENT

EXEMPTION TRUST

INCOMPETENCE

LIVING TRUST

NET ESTATE

PROVING A WILL

CREDIT SHELTER TRUST

SAMPLE LEGAL CASES

Ott v. L & J HOLDINGS, LLC

Keener v. Keener

Campbell v. Campbell

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