Over the last several years, we have seen a substantial evolution in the transfer tax arena here in the United States. As a result of several favorable legislative changes, it has become the case that only for a very small and rarified layer of...
As of July 1, 2010, a new power of attorney statute for Virginia went into effect. The new statute, which applies prospectively to both existing powers of attorney and powers of attorney created years ago, makes some significant changes about...
One of the most interesting and esoteric of the planning problems which we deal with is the area of asset protection. Asset protection is often done in the context of estate planning. Whether the primary goal is to protect assets or to plan for...
Most of us are the recipients of numerous sources of information pertaining to taxes and a number of newsletters cover tax topics. However, it is important to realize that tax planning is not a once in a year, do at the very end of year,...
In our estate planning practice, we often see Powers of Attorney prepared as part of a normal estate planning package. Because the terms and conditions of a typical, well-designed power of attorney are fairly standard, there is a tendency to treat...
There is one aspect of estate planning which is often neglected, but which continues to be of critical importance in order to achieve the best possible estate planning results. Once the documents have been drafted and signed it is important to...
A major financial institution recently commissioned a study which was designed to pinpoint individuals with investable assets of $1 million or more. The study estimated that worldwide approximately 9.5 million individuals and families fall into...