Virginia Beach Trusts Lawyer, Virginia

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Rachel S. Gunther

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Trusts, Estate Planning, Living Wills, Real Estate, Business Organization

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Dominic P. Lascara

Wills & Probate, Trusts, Business, Real Estate, Estate
Status:  In Good Standing           

Izaak David Glasser

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

Vonda Ward Chappell

Other, Real Estate, Trusts, Business
Status:  In Good Standing           

Kenneth L. Dietrick

Real Estate, Corporate, Trusts, Wills & Probate
Status:  In Good Standing           

Erik William Mccauley

Litigation, Trusts, Family Law
Status:  In Good Standing           

Jaime E. K. Tyler

Other, Trusts, Gift Taxation, Corporate
Status:  In Good Standing           

Michael Adam Peterson

Trusts, Employment, Family Law, Criminal
Status:  In Good Standing           

Andrew Becton Gibbs

Land Use & Zoning, Entertainment, Trusts, Bankruptcy
Status:  In Good Standing           

Stefani Ann Gillenwater

Trusts, Business
Status:  In Good Standing           

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LEGAL TERMS

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)
The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

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.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)
A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)
For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

CREDIT SHELTER TRUST

See AB trust.

CURATOR

See conservator.

FUNDING A TRUST

Transferring ownership of property to a trust.

FAMILY POT TRUST

See pot 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. ...