Midlothian Wills & Probate Lawyer, Virginia, page 2

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Daniel J. Bounds
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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: Estate Administration, Living Wills, Wills

Daniel Joseph Renfro

Commercial Real Estate, Employment, Wills, Trusts, Collection

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11600 Busy Street, Richmond, VA 23236

Carolyn A. H. Bourdow

Real Estate, Trusts, Wills & Probate

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3218 Shallowford Landing Ter, Midlothian, VA 23112

Christopher Grady Cudebec

Family Law, Estate Planning, Real Estate, Wills

Status: Licensed: 15 Years

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11618 Hardwood Drive, Midlothian, VA 23114

Mary-Leslie Duty

Juvenile Law, Wills & Probate, Trusts, Family Law

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5913 Harbour Park Drive, Midlothian, VA 23112

John Joseph Drudi

Wills & Probate, Social Security

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13531 Trilithon Rd, Midlothian, VA 23113

Joe Thompson Cravens

Premises Liability, Wills & Probate, Collaborative Law, Family Law, Employment

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9011 Arboretum Parkway, Richmond, VA 23236

David Edward Noll

Traffic, Wills, Wills & Probate, Family Law, Bankruptcy

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9011 Arboretum Parkway, Richmond, VA 23236

Edwin Gadberry

Commercial Real Estate, Wills, Civil & Human Rights

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9100 Arboretum Pkwy, Richmond, VA 23236

Melanie P. Jennings

Government Agencies, Wills, Family Law, Wrongful Death

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10138 C Hull Street Road, Midlothian, VA 23112

Jonathan Southall Cave

Real Estate, Corporate, Trusts, Wills & Probate, Criminal

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2800 Buford Rd, Richmond, VA 23235

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LEGAL TERMS

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

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.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

GRANTOR

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

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.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

SAMPLE LEGAL CASES

Matthews v. Matthews

... Present: All the Justices. OPINION BY Justice S. BERNARD GOODWYN. In this case, we consider whether the circuit court erred in failing to dismiss a probate appeal when the party appealing the probate order of the clerk had also submitted a different will for probate. ...

Schilling v. Schilling

... In this appeal, we consider whether Code Â§ 64.1-49.1, effective on July 1, 2007, applies to a writing made in 2005 but not offered for probate as a holographic will until after the maker's death in September 2008. I. BACKGROUND AND MATERIAL PROCEEDINGS BELOW. ...

Keener v. Keener

... The purpose of this Trust is to reduce or eliminate probate costs to the extent possible while maintaining complete control of my assets. ... Debra went to the clerk's office of the Circuit Court of Prince William County to ascertain whether her father's will had been offered for probate. ...

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Midlothian Wills & Probate Lawyer, Virginia, page 2

Sponsored Law Firm

Bounds & Bounds, PLLC

SPONSORED LAWYERS

Daniel Joseph Renfro

Carolyn A. H. Bourdow

Christopher Grady Cudebec

Mary-Leslie Duty

John Joseph Drudi

Joe Thompson Cravens

David Edward Noll

Edwin Gadberry

Melanie P. Jennings

Jonathan Southall Cave

TIPS

LEGAL TERMS

TESTAMENTARY TRUST

QDOT TRUST

SUCCESSION

GRANT DEED

TAKING AGAINST THE WILL

ADEMPTION

GRANTOR

BYPASS TRUST

GENERATION-SKIPPING TRUST

SAMPLE LEGAL CASES

Matthews v. Matthews

Schilling v. Schilling

Keener v. Keener

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