Virginia Beach, VA23452 (Virginia beach city County)
Easily find Norfolk Estate Lawyers and Norfolk Estate Law Firms. For more attorneys, search all Estate areas including Estate Planning, Trusts and Wills & Probate attorneys.
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 (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.
A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of (more...)
A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.
A person appointed by a probate court to handle the distribution of property of someone who has died without a will, or with a will that fails to name someone (more...)
A person appointed by a probate court to handle the distribution of property of someone who has died without a will, or with a will that fails to name someone to carry out this task. administrator ad litem A person appointed by a probate court to represent an estate during a lawsuit. (Ad litem is Latin for 'during the litigation.') An administrator ad litem is appointed only if there is no existing executor or administrator of the estate, or if the executor or administrator has conflicting interests. For example, Jerry's will leaves most of his property to his brother, Jeff, and also names Jeff as executor of the will. But Jerry's sister, Janine, feels that Jerry made the will under improper pressure from Jeff, and brings a lawsuit to challenge it. The court appoints an administrator ad litem to represent Jerry's estate while the lawsuit is in progress. Also known as administrator ad prosequendum, meaning administrator 'during the prosecution.' administrator ad prosequendum See administrator ad litem.administrator cum testamento annexo See administrator with will annexed. administrator de bonis non (DBN) Latin for 'administrator of goods not administered.' This term refers to the person appointed by a probate court to finish probate proceedings when the executor or previous administrator can't finish the job.administrator de bonis non cum testamento annexo (DBNCTA) A baffling title for an administrator appointed by a probate court to take over probate proceedings when the named executor dies, leaving the job unfinished.administrator pendente lite Latin for 'administrator pending litigation.' This term refers to the person appointed by a court to begin probate proceedings during a lawsuit that challenges the will. The administrator pendente lite takes an inventory of the deceased person's property and handles the business affairs of the estate until the dispute is settled. Also called a special administrator.administrator with will annexed An administrator who takes the place of an executor under a will. The administrator steps in either when a will fails to nominate an executor or the named executor is unable to serve. Also called administrator cum testamento annexo or CTA, the Latin version of 'with the will annexed.'
A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.
Uniform Transfer-on-Death Security Act
A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker (more...)
A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.
See probate court.
A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.
deed of trust
See trust deed.
The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.
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, ...
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 ...
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 ...