Category Archives: Probate Assets

The Basics of D.C. Probate Administration…Part VI: the Inventory

This is the sixth in a series of posts on the basics of D.C. probate administration. You can read previous posts in this series including Part I: high-level differences between Virginia and D.C. estate administrations (here), Part II: qualifying to … Continue reading

Posted in D.C., Forms, Inventory, Probate, Probate Assets, Process, Uncategorized | Tagged , , , | 2 Comments

The Basics of the District of Columbia Probate Administration…Part I

Seems like only yesterday, but way back in September of 2010, I wrote a series of posts on   the Virginia probate administration process. If you missed it, you can click here and work your way through the ten part … Continue reading

Posted in Asset Ownership, Non-Probate Assets, Personal Representatives, Probate, Probate Assets | 9 Comments

What’s the Difference between Probate and Non-Probate Assets?

About 7 months ago, I went though the various concerns people confront using joint tenancy with the right of survivorship (JTWROS) as an estate plan. The next step is to demonstrate the issues between probate asset and a non-probate asset. As … Continue reading

Posted in Asset Ownership, Assets, Non-Probate Assets, Probate Assets | Leave a comment

Inflexible Joint-Tenancy Ownership Can Create Estate Planning Issues.

I talk with many people that believe that simply having all of their assets owned as joint tenants with the right of survivorship (JTWROS) is an adequate estate plan to avoid probate. Most of the time, the person wants to … Continue reading

Posted in Asset Ownership, By Individual, Joint Tenancy, Probate, Probate Assets, Tenancy by the Entirety | 2 Comments

How Do People Own Property or Assets? – Part I – Ownership by One Individual

Estate planning encompasses a wide range of topics from familial relationships to complex tax planning, understanding how property is owned and transferred upon death is vital to any estate plan. For a single person, how property is owned is very … Continue reading

Posted in Asset Ownership, By Individual, Estate Planning, Probate, Probate Assets, Wills | 4 Comments

To Trust or Not to Trust…Part VI: Simple Estates Might Delay the Need to Create a Revocable Living Trust.

This is the sixth in a series of posts on whether it makes sense to create a revocable living trust or not.  You can read previous posts here (health and age), here (family dynamics), here (privacy and estate size), here … Continue reading

Posted in Estate Planning, Factors for not Creating, Probate Assets, Revocable Living Trusts, Trusts | 3 Comments

What is Intestacy? Part II: The Assets

This is the second in a series of posts on intestacy.  Click here for the first part (Introduction to Intestacy). The next issue becomes what assets are covered by the intestate statutes.  It seems pretty simple but, just like probate administration, … Continue reading

Posted in Intestate, Probate, Probate Assets | 1 Comment

Maybe Billionaires Beneficiaries aren’t skipping out on 2010 Estate Tax

There is an interesting article in the Wall Street Journal last week that discusses how the beneficiaries of Dan Duncan’s estate might not have been greatly impacted by the lack of an estate tax in 2010.  Duncan, natural gas tycoon … Continue reading

Posted in Estate of the Month Updates, Estate Planning, Federal Estate Tax, Probate Assets | Leave a comment

The Basics of the Virginia Probate Administration…Part II: the Personal Representative

My last post was the start of a series of posts on the basics of administering a Virginia estate in probate.  This is part II.  I will be focusing on the personal representative including a definition, requirements needed to qualify … Continue reading

Posted in Personal Representatives, Probate, Probate Assets, Process, Qualifications, Wills | 7 Comments

The Basics of the Virginia Probate Administration…Part I

In my practice, estate planning is composed of two areas.  One area is the effective planning of the estate prior to death to meet the desires of the client.  The second aspect of my practice is counseling clients after the … Continue reading

Posted in Joint Tenancy, Probate, Probate Assets, Wills | Tagged , | 8 Comments