Richmond Trusts Lawyer, Virginia

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Stephen E. Scarce Lawyer

Stephen E. Scarce

VERIFIED
Real Estate, Wills & Probate, Trusts, Corporate

Practice focuses on business and real estate matters, including purchases and sales, lender representation, business and loan workouts, commercial rea... (more)

Meredith L. Yoder Lawyer

Meredith L. Yoder

VERIFIED
Real Estate, Wills & Probate, Trusts, Corporate

Practice focuses on business and commercial law matters, including: civil litigation, mergers and acquisitions, general corporate matters; commercial ... (more)

Trevor B. Reid Lawyer

Trevor B. Reid

VERIFIED
Real Estate, Wills & Probate, Trusts, Corporate

Mr. Reid joined Parker, Pollard & Brown as an associate after receiving his law degree from the University of Richmond in 2008. His practice is co... (more)

Stephen  Scarce Lawyer

Stephen Scarce

VERIFIED
Real Estate, Wills & Probate, Trusts, Corporate

Steve Bryant is a member of the firm’s litigation section. Steve defends clients charged with serious traffic offenses including DUIs; he was recen... (more)

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Trevor  Reid Lawyer

Trevor Reid

VERIFIED
Real Estate, Wills & Probate, Trusts, Corporate

Mr. Reid joined Parker, Pollard & Brown as an associate after receiving his law degree from the University of Richmond in 2008. His practice is concen... (more)

Meredith  Yoder Lawyer

Meredith Yoder

VERIFIED
Real Estate, Wills & Probate, Trusts, Corporate

Practice focuses on business and commercial law matters, including: civil litigation, mergers and acquisitions, general corporate matters; commercial ... (more)

Donald W. Piacentini

Litigation, Wills & Probate, Trusts, Estate Planning
Status:  In Good Standing           

Jean B. Reynolds

Power of Attorney, Estate Planning, Prosecution, Trusts
Status:  In Good Standing           

Edward D. Barnes

Wills, Trusts, Estate Planning, Family Law
Status:  In Good Standing           

W. Lee Harris

Contract, Estate Planning, Real Estate, Trusts
Status:  In Good Standing           

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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)
Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)
A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

TESTAMENTARY TRUST

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

QTIP TRUST

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... (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.

FAILURE OF ISSUE

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

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)
All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)
Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

MARITAL LIFE ESTATE TRUST

See AB trust.

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. ...