Waterford Trusts Lawyer, Virginia

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Regina Petruzzi Neumann

Trusts, Environmental Law Other, Employee Rights, Insurance, Health Care Other
Status:  In Good Standing           

Jennifer Laura Tomac

Trusts, Estate Planning, Guardianships & Conservatorships, Elder Law, Estate
Status:  In Good Standing           

Rachel Downs

Civil Rights, Trusts, Transactions, Real Estate
Status:  In Good Standing           

Anne Convy

Family Law, Wills & Probate, Estate, Guardianships & Conservatorships, Trusts
Status:  In Good Standing           

Louis Bernard

Estate, Litigation, Trusts
Status:  In Good Standing           Licensed:  22 Years

Terrence J. Gaffney

Corporate, Trusts, Business, Wills
Status:  In Good Standing           

Ann Mayhew Golski

Trusts
Status:  In Good Standing           

Michael Joseph Wakefield

Power of Attorney, Health Care, Trusts, Estate Planning
Status:  In Good Standing           

W. Franklin Pugh

Business Organization, Estate Planning, Wills & Probate, Trusts
Status:  In Good Standing           

Julie Sprinkle

Trusts, Other
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

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.

SURROGATE COURT

See probate court.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

FAMILY POT TRUST

See pot trust.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

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

Dodge v. Randolph-Macon Woman's College

... The Attorney General shall have the same authority to act on behalf of the public with respect to such assets as he has with respect 808 to assets held by unincorporated charitable trusts and other charitable entities, including the authority to seek such judicial relief as may be ...

Ladysmith Rescue Squad, Inc. v. Newlin

... At that point, the trustees, the two surviving income beneficiaries and Upper Caroline (the moving parties) moved the court to authorize the trustees to divide the trust into two equal trusts, to be called the "Upper Caroline Trust" and the "Ladysmith Trust." Ladysmith objected to the ...

RUSSELL REALTY ASSOCIATES v. Russell

... The partnership interests were held by Charles Russell, Eddie, individually, and Eddie and Nina as co-trustees of the trusts created for the benefit of Nina and her two sons. Between 1978 and 1985, Charles Russell decreased his partnership interest. ...