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

Deborah S. O'Toole

Litigation, Estate Planning, Employment, Family Law

Status: In Good Standing

CONTACT

1930 Huguenot Road, Richmond, VA 23235

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

Christopher Grady Cudebec

Real Estate, Wills, Estate Planning, Family Law

Status: In Good Standing Licensed: 14 Years

CONTACT

11618 Hardwood Drive, Midlothian, VA 23114

David H. Gates

Estate Planning, Family Law, Criminal, Insurance

Status: In Good Standing

CONTACT

1930 Huguenot Road, Richmond, VA 23235

Erica Louise Giovanni

Civil Rights, Family Law, Commercial Real Estate, Estate Planning

Status: In Good Standing

CONTACT

302 Browns Hill Ct, Midlothian, VA 23114

Gary Boyd Patterson

Real Estate, Dispute Resolution, Estate Planning, Bankruptcy

Status: In Good Standing

CONTACT

10620 Trade Rd, Richmond, VA 23236

Holly Poris Hilton

Estate Planning

Status: In Good Standing

CONTACT

3418 Summerbrooke Dr, Richmond, VA 23235

Jennifer E. Crossland

Real Estate, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

7401 Beaufont Springs Dr, Richmond, VA 23225

Michael Gerald Bowen

Lawsuit & Dispute, International, Estate Planning, Business

Status: In Good Standing

CONTACT

5104 West Village Green Dr, Midlothian, VA 23112

800-923-0641

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LEGAL TERMS

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.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

LIFE BENEFICIARY

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

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.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

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

Deborah S. O'Toole

F. Neil Cowan

W. Brandon Cowan

Christopher Grady Cudebec

David H. Gates

Erica Louise Giovanni

Gary Boyd Patterson

Holly Poris Hilton

Jennifer E. Crossland

Michael Gerald Bowen

TIPS

LEGAL TERMS

SPECIFIC BEQUEST

ANCILLARY PROBATE

RESIDUARY BENEFICIARY

LIFE BENEFICIARY

BYPASS TRUST

GRANTOR

TAKING AGAINST THE WILL

ENTITY

OFFICER

SAMPLE LEGAL CASES

Ott v. L & J HOLDINGS, LLC

Keener v. Keener

Campbell v. Campbell

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