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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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George Samuel Geis

Litigation, Trusts, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

1427 West Leigh Dr, Charlottesville, VA 22901

Gwenyth Emily Rankin

Estate Planning

Status: In Good Standing Licensed: 43 Years

CONTACT

1455 Brook Rd, Charlottesville, VA 22901

Michael David Erickson

Trusts, Estate

Status: In Good Standing Licensed: 21 Years

CONTACT

3280 Ridge Rd, Charlottesville, VA 22901

John Gregory Webb

Estate, Employment, Divorce & Family Law, Accident & Injury, Mass Torts

Status: In Good Standing

CONTACT

Charlottesville, VA 22902

Michael David Erickson

Trusts, Estate

Status: In Good Standing

CONTACT

3280 Ridge Rd, Charlottesville, VA 22901

April Russell Fletcher

Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

One Village Green Circle, Charlottesville, VA 22903

Jessica Amber Tiller

Wills, Estate Planning, Estate, Divorce & Family Law

Status: In Good Standing

CONTACT

Charlottesville, VA 22906

Charles Dunsmore Fox

International Tax, Trusts, Estate Planning, Estate

Status: In Good Standing

CONTACT

Charlottesville, VA 22902

James Morgan Vitt

Estate

Status: In Good Standing

CONTACT

880 A Rio East Court, Charlottesville, VA 22901

Elton Garrett Barlow

Wills, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 11 Years

CONTACT

Charlottesville, VA 22905

800-923-0641

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LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

CURATOR

See conservator.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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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Ivy Estate Lawyer, Virginia

Sponsored Law Firm

Bounds & Bounds, PLLC

SPONSORED LAWYERS

George Samuel Geis

Gwenyth Emily Rankin

Michael David Erickson

John Gregory Webb

Michael David Erickson

April Russell Fletcher

Jessica Amber Tiller

Charles Dunsmore Fox

James Morgan Vitt

Elton Garrett Barlow

TIPS

LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

INTESTATE SUCCESSION

IN TERROREM

TRUSTEE POWERS

CURATOR

INTER VIVOS TRUST

PROBATE

STATUTORY SHARE

PROBATE COURT

SAMPLE LEGAL CASES

Estate of James v. Peyton

Idoux v. Estate of Helou

Williams v. COM., REAL ESTATE BOARD

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