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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

Jonathan Y. Short

Estate Planning, Criminal, Contract, Credit & Debt

Status: In Good Standing

FREE CONSULTATION

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2121 Eisenhower Avenue, Alexandria, VA 22314

Khalid A. Shekib

Immigration, Estate Planning, Family Law, DUI-DWI

Status: In Good Standing

FREE CONSULTATION

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1700 Diagonal Rd, Alexandria, VA 22314

Edward M. Quinto

Corporate, Estate Planning, Real Estate, Trusts

Status: In Good Standing

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3441 Commission Court, Woodbridge, VA 22192

Joseph Gerard Lynch

Commercial Real Estate, International, Estate Planning, Business & Trade

Status: In Good Standing

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9204 Byron Terrace, Burke, VA 22015

Joseph Gerard Lynch

Commercial Real Estate, Estate Planning, Business & Trade, Business

Status: In Good Standing

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9204 Byron Terrace, Burke, VA 22015

Mark E. Kellogg

Income Tax, Wills & Probate, Gift Taxation, Estate Planning

Status: In Good Standing Licensed: 53 Years

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5501 Backlick Rd, Springfield, VA 22151

John D Varley

Gift Taxation

Status: In Good Standing Licensed: 29 Years

CONTACT

6306 Millwood Court, Springfield, VA 22152

Walter Hong Woo

Gift Taxation, Tax

Status: In Good Standing Licensed: 53 Years

CONTACT

9000 Fox Lair Dr, Burke, VA 22015

Stanley F. Krysa

Gift Taxation, Tax

Status: Inactive Licensed: 68 Years

CONTACT

7825 Friars Court, Alexandria, VA 22306

Ryan Joseph Voorhees

Corporate, Trusts, Gift Taxation

Status: In Good Standing Licensed: 12 Years

CONTACT

6184 Edsall Rd, Alexandria, VA 22304

800-923-0641

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LEGAL TERMS

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

FAILURE OF ISSUE

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

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

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.

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.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

FAMILY POT TRUST

See pot trust.

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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Quantico Estate Planning Lawyer, Virginia

Sponsored Law Firm

Bounds & Bounds, PLLC

SPONSORED LAWYERS

Jonathan Y. Short

Khalid A. Shekib

Edward M. Quinto

Joseph Gerard Lynch

Joseph Gerard Lynch

Mark E. Kellogg

John D Varley

Walter Hong Woo

Stanley F. Krysa

Ryan Joseph Voorhees

TIPS

LEGAL TERMS

ADMINISTRATION (OF AN ESTATE)

FAILURE OF ISSUE

POUR-OVER WILL

AUGMENTED ESTATE

ALTERNATE BENEFICIARY

TAKING AGAINST THE WILL

OFFICER

FINAL BENEFICIARY

FAMILY POT TRUST

SAMPLE LEGAL CASES

Ott v. L & J HOLDINGS, LLC

Keener v. Keener

Campbell v. Campbell

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