Clintwood Trusts Lawyer, Virginia

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Erin Sheehey Downs

Tax, Trusts, Estate Planning, Business
Status:  In Good Standing           

Erin Sheehey Downs

Tax, Trusts, Estate Planning, Business
Status:  In Good Standing           Licensed:  28 Years

Mohammed S. Rahman

Trusts, Litigation, Insurance, Federal Trial Practice
Status:  In Good Standing           Licensed:  56 Years

Nell King Bieger

Tax, Trusts, Estate Planning, Business
Status:  In Good Standing           

Nell King Bieger

Tax, Trusts, Estate Planning, Business
Status:  In Good Standing           Licensed:  32 Years

Randall Arthur Eads

Trusts, Estate Planning, Criminal, Insurance
Status:  In Good Standing           Licensed:  51 Years

Randall Cameron Eads

Trusts, Estate Planning, Criminal, Insurance, Malpractice
Status:  In Good Standing           Licensed:  51 Years

Randall Arthur Eads

Trusts, Estate Planning, Criminal, Insurance
Status:  In Good Standing           

Rob Peel

Tax, Trusts, Estate Planning
Status:  In Good Standing           Licensed:  20 Years

Robert Ferril Peel

Tax, Trusts, Estate Planning, Estate
Status:  In Good Standing           

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

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LEGAL TERMS

FAMILY POT TRUST

See pot trust.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)
Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

FUNDING A TRUST

Transferring ownership of property to a trust.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)
Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

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.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)
The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)
A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

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. ...