Chesterfield Estate Planning Lawyer, Virginia

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Daniel J. Bounds
About | Practice Areas
Bounds & Bounds, PLLC
1724 Cloister Dr Richmond, VA 23238» view map
Divorce & Family Law
40+ Years Combined Experience

All of our attorneys are Marines. We think outside the box to get the job done–stress be damned. We believe success is built upon a range of experiences.

800-799-5380
1. Daniel J. Bounds Richmond, VA
  Attorney at Law - VA, 2019
  Louisiana State University J.D.
2. AboutBounds & Bounds, PLLC
  Our firm is always ready to go the distance and represent your interests at trial.
3. Practice AreasExpertise
  Divorce & Family Law
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Includes: Gift Taxation

F. Neil Cowan

Real Estate, Estate Planning, Family Law, Corporate

Status: In Good Standing

CONTACT

1930 Huguenot Road, Richmond, VA 23235

W. Brandon Cowan

Corporate, Business Organization, Estate Planning, Tax

Status: In Good Standing

CONTACT

1930 Huguenot Road, Richmond, VA 23235

Deborah S. O'Toole

Litigation, Estate Planning, Employment, Family Law

Status: In Good Standing

CONTACT

1930 Huguenot Road, Richmond, VA 23235

Michael Gerald Bowen

Lawsuit & Dispute, International, Estate Planning, Business

Status: In Good Standing

CONTACT

5104 West Village Green Dr, Midlothian, VA 23112

W. Lee Harris

Contract, Estate Planning, Real Estate, Trusts

Status: In Good Standing

CONTACT

10132 Hull Street Road, Midlothian, VA 23112

Paul Thomas Ranney

Power of Attorney, Traffic, Estate Planning, Family Law

Status: In Good Standing

CONTACT

10100 Iron Bridge Road, Chesterfield, VA 23832

Virginia Fuller Podboy

Juvenile Law, Estate Planning, Family Law, Business & Trade, Criminal

Status: In Good Standing

CONTACT

15024 Rankin Drive, Midlothian, VA 23112

Christopher Grady Cudebec

Real Estate, Wills, Estate Planning, Family Law

Status: In Good Standing Licensed: 14 Years

CONTACT

11618 Hardwood Drive, Midlothian, VA 23114

Steven H. Theisen

Real Estate, Litigation, Estate Planning, Employment, Family Law

Status: In Good Standing Licensed: 40 Years

CONTACT

300 Arboretum Pl, Richmond, VA 23236

Holly Poris Hilton

Estate Planning

Status: In Good Standing

CONTACT

3418 Summerbrooke Dr, Richmond, VA 23235

800-923-0641

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LEGAL TERMS

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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.

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

NET ESTATE

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

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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Chesterfield Estate Planning Lawyer, Virginia

Sponsored Law Firm

Bounds & Bounds, PLLC

SPONSORED LAWYERS

F. Neil Cowan

W. Brandon Cowan

Deborah S. O'Toole

Michael Gerald Bowen

W. Lee Harris

Paul Thomas Ranney

Virginia Fuller Podboy

Christopher Grady Cudebec

Steven H. Theisen

Holly Poris Hilton

TIPS

LEGAL TERMS

INHERIT

PRETERMITTED HEIR

FAMILY ALLOWANCE

PREDECEASED SPOUSE

ADMINISTRATION (OF AN ESTATE)

EXEMPTION TRUST

PETITION

QDOT TRUST

NET ESTATE

SAMPLE LEGAL CASES

Ott v. L & J HOLDINGS, LLC

Keener v. Keener

Campbell v. Campbell

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