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Seth Price
About | Practice Areas
Price Benowitz LLP
409 7Th St Nw Suite 200 Washington, DC 20004Â» view map
Estate Law
Working Relentlessly For You

Our firm was built on the understanding that comprehensive representation does not begin and end in the courtroom.

202-600-9400
1. Seth Price Washington, DC
  Attorney at Law- DC, 1996
  George Washington University Law School
2. AboutPrice Benowitz LLP
  Working Relentlessly for You
3. Practice AreasExpertise
  Estate Law
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Terrence K. Martin

✓ VERIFIED

Accident & Injury, Divorce & Family Law, Criminal, Estate, Real Estate

I am attorney Terrence K. martin of the Law Office of Terry Martin and Associates. I know that my clients come to me in times of real need, and I am c... (more)

FREE CONSULTATION

CONTACT

757-599-9822

727 J. Clyde Morris Boulevard, Newport News, VA 23601

Christie M. Wilson

Bankruptcy, Divorce, Social Security -- Disability, Estate Planning

Status: In Good Standing

CONTACT

744A Thimble Shoals Boulevard, Newport News, VA 23606

Spotswood Law

Corporate, Real Estate, Trusts, Wills & Probate

Status: In Good Standing

CONTACT

40 Court St, Mathews, VA 23109

James S Sease

Real Estate, Wills & Probate, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

10458 Buckley Hall Rd, Mathews, VA 23109

John Brooke Spotswood

Estate, Business, Corporate, Wills

Status: In Good Standing

CONTACT

6517 Main Street, Gloucester, VA 23061

Rob Elliott

Traffic, Estate Planning, Criminal, Elder Law

Status: In Good Standing

CONTACT

7100 George Washington Memorial Highway, Yorktown, VA 23692

Shannon Carmel Shaeffer

Landlord-Tenant, Estate Planning, Divorce, Personal Injury

Status: In Good Standing

CONTACT

7100 George Washington Memorial Highway, Yorktown, VA 23692

Kristina Beavers

Divorce & Family Law, Criminal, Estate, Business

Status: In Good Standing Licensed: 16 Years

CONTACT

710 Denbigh Blvd Ste 2E, Newport News, VA 23608

Susan Infield Jean

Traffic, Lawsuit & Dispute, Estate, Elder Law, Accident & Injury

Status: In Good Standing

CONTACT

1700 George Washington Memorial Highway, Yorktown, VA 23693

Elizabeth Ellen Bircher

Real Estate, Wills & Probate, Trusts, Elder Law

Status: In Good Standing

CONTACT

12610 Patrick Henry Dr, Newport News, VA 23602

800-923-0641

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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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

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.

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.

SAMPLE LEGAL CASES

Estate of James v. Peyton

In these consolidated interlocutory appeals arising from a personal injury action, we consider whether the circuit court erred in concluding that an amended motion for judgment properly names an administrator of an estate rather than the estate itself as a party defendant. Specifically, ...

Idoux v. Estate of Helou

On September 2, 2008, Idoux filed the present negligence action in the circuit court and identified the defendant as the "Estate of Raja Alexander Helou." On November 17, 2008, Idoux served the personal representative of the Estate with the complaint, after the relevant statute of ...

Williams v. COM., REAL ESTATE BOARD

The underlying facts in this matter are highly contested, and rather convoluted. In the fall of 2004, Williams was a licensed real estate agent working for Virginia Real Estate and Development, Inc. (VARED). On December 8, 2004, Williams entered into an agreement ...

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New Point Estate Lawyer, Virginia

Sponsored Law Firm

Price Benowitz LLP

SPONSORED LAWYERS

Terrence K. Martin

Christie M. Wilson

Spotswood Law

James S Sease

John Brooke Spotswood

Rob Elliott

Shannon Carmel Shaeffer

Kristina Beavers

Susan Infield Jean

Elizabeth Ellen Bircher

TIPS

LEGAL TERMS

NONPROBATE

SPECIFIC BEQUEST

SUMMARY PROBATE

SPENDTHRIFT TRUST

INVENTORY

AB TRUST

SUCCESSOR TRUSTEE

BYPASS TRUST

QTIP TRUST

SAMPLE LEGAL CASES

Estate of James v. Peyton

Idoux v. Estate of Helou

Williams v. COM., REAL ESTATE BOARD

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