estate law richmond – Page 4

Can an attorney-in-fact (agent) be reimbursed for attorney’s fees? | Ryan C. Young | Richmond, Virginia Attorney

December 19, 2011October 10, 2019 Ryan C. Young, Esq.

Acting under a Power of Attorney + Attorney’s Fees An attorney-in-fact is the principal for an individual under a validly executed power of attorney. The term is confusing to some and can be used interchangeably with the word agent. The law governing power of attorney documents is somewhat similar to agency or contract law. In order to determine your rights... Read More

Gift Tax FAQ – Richmond, Virginia Lawyer – Ryan C. Young

December 19, 2011October 10, 2019 Ryan C. Young, Esq.

At first glance the gift tax regulations seem quite complicated. That is because the Internal Revenue Service hires writers who cannot write a simple sentence. If the tax code was written in plain English it would likely be hundreds, if not thousands of pages shorter. By using a FAQ format, we hope most of your questions will be addressed. The... Read More

Protecting your family through estate planning. | Ryan C. Young | Richmond, Virginia | Estate Planning

October 28, 2011October 10, 2019 Ryan C. Young, Esq.

An estate planning attorney can protect your family and assets. No one likes to think about estate planning. This is understandable: People don’t want to consider their own mortality. But if you want to offer financial protection to your family and children, estate planning is essential. And this means that meeting with an estate attorney is also critical. Everyone... Read More

Now is the Time for your Legal Check Up: Speak with a lawyer about your concerns. | Ryan C. Young | Richmond, Virginia Attorney

September 24, 2011October 10, 2019 Ryan C. Young, Esq.

All too often, clients come to me with legal problems which could have been avoided had we reviewed their particular situation or legal documents in advance. Many times, these problems could have been avoided in a cost-effective manner before they escalated out of control. Most of us recognize that our cars, homes and bodies require routine maintenance and inspection. At... Read More

Estate Administration: How our office assists clients. | Ryan C. Young | Richmond, Virginia Attorney

September 20, 2011October 10, 2019 Ryan C. Young, Esq.

Virginia Estate Administration and Probate The death of a loved one is already a difficult and emotional experience for family members and beneficiaries. The added stress of sorting through a person’s estate and estate documents can oftentimes be too much for a family in mourning. If you find yourself in this challenging and life-changing situation, Virginia probate attorney Ryan C.... Read More

Supplemental Needs Trust (Special Needs Trust)

May 9, 2011October 10, 2019 Ryan C. Young, Esq.

A supplemental needs trust (sometimes called a special needs trust) is an estate planning document created to benefit an individual who has a disability (“an individual under a mental or physical disability, or a person with a chronic or acquired illness”) without disqualifying him or her from benefits received from government programs such as Medicaid and Social Security; also it... Read More

What happens if a co-owner (co-tenant) of real estate is ousted or excluded from the property?

February 25, 2011October 10, 2019 Ryan C. Young, Esq.

As a general rule, each joint tenant, tenant in common, or coparcener (joint heir) has the right to possess the whole, regardless of the percentage that they own. For the purposes of this article, I will use the term “co-tenants”. Under established Virginia law, one co-tenant may oust the others. When this occurs, the ousted co-tenants may recover the... Read More

Virginia Estate Administration: What should I do after someone dies? | Ryan C. Young | Richmond, Virginia Attorney

January 4, 2011October 10, 2019 Ryan C. Young, Esq.

Take time to mourn your loss. Firstly, if you are reading this article, please let me extend my sympathy for the loss of your loved one. I hope that you are able to take some time to mourn your loss and to reflect on their life. The first days and weeks after someone dies can be extremely burdensome and hectic... Read More

Removal of a Personal Representative in Virginia Estate Administration and Probate | Ryan C. Young | Richmond, Virginia | Estate Litigation

December 14, 2010October 10, 2019 Ryan C. Young, Esq.

Removal of a Personal Representative in a Virginia estate administration or probate. In Virginia, the person whose duty it is to administer the estate of a deceased person is called the personal representative. Their job is to settle the financial affairs and distribute the assets of the decedent to the beneficiaries of a will or family members under the Virginia’s... Read More

Introduction to Probate Law in Virginia | Ryan C. Young | Richmond, Virginia | Estate Law

November 14, 2010October 10, 2019 Ryan C. Young, Esq.

A brief lesson on Probate Law in Virginia In Virginia, as in most states, a will must be submitted to the court for probate so that it may be declared valid. When someone dies, their personal representative cannot just walk into a bank with the will in hand and demand the money of the deceased. The personal representative must first... Read More

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