Madison Heights 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

Jennifer E. Stille

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

Status: In Good Standing

CONTACT

828 Main St, Lynchburg, VA 24504

Keith Edwin Orgera

Elder Law, Guardianships & Conservatorships, Estate Planning

Status: In Good Standing

CONTACT

801 Main St #702, Lynchburg, VA 24504

Joseph C. Knakal

Estate Planning, Business, Trusts

Status: In Good Standing

CONTACT

2306 Atherholt Road, Lynchburg, VA 24501

Alexandra Miller Smith

Estate Planning, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing Licensed: 10 Years

CONTACT

3814 Cambria Street, Lynchburg, VA 24502

Richard Aaron Kuenzi

Power of Attorney, Estate Planning, Elder Law, Administrative Law

Status: In Good Standing

CONTACT

5200 Fort Avenue, Lynchburg, VA 24502

Andrew Owen Gay

Construction, Litigation, Estate Planning

Status: In Good Standing Licensed: 9 Years

CONTACT

Lynchburg, VA 24505

Walter S. Bristow

Estate Planning

Status: In Good Standing

CONTACT

612 Susannah Pl, Lynchburg, VA 24502

Spencer Christian Drake

General Practice

Status: In Good Standing

CONTACT

Amherst, VA 24521

Chuck Sharkey

Estate Planning, Business, Immigration

Status: In Good Standing

CONTACT

Forest, VA 24551

Steven Kent Baldridge

Education, Traffic, Estate Planning, Family Law, DUI-DWI

Status: In Good Standing

CONTACT

221 W 21St Street, Buena Vista, VA 24416

800-923-0641

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LEGAL TERMS

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

BENEFICIARY

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

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass 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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Madison Heights Estate Planning Lawyer, Virginia

Sponsored Law Firm

The Central Virginia Law Center, PLLC

SPONSORED LAWYERS

Jennifer E. Stille

Keith Edwin Orgera

Joseph C. Knakal

Alexandra Miller Smith

Richard Aaron Kuenzi

Andrew Owen Gay

Walter S. Bristow

Spencer Christian Drake

Chuck Sharkey

Steven Kent Baldridge

TIPS

LEGAL TERMS

INTESTATE

QTIP TRUST

BENEFICIARY

ENTITY

GRANT DEED

FAMILY ALLOWANCE

AUGMENTED ESTATE

RULE AGAINST PERPETUITIES

BYPASS TRUST

SAMPLE LEGAL CASES

Ott v. L & J HOLDINGS, LLC

Keener v. Keener

Campbell v. Campbell

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