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Author name: mcdadm

IRS offers holiday season tidings on tax exclusions estate planners should remember

The holiday season upon us, meaning that the remainder of the year will see a significant amount of purchasing and bestowing gifts. The spirit of giving is not lost upon the federal government, particularly regarding those gifts with significant valuations, or those bequeathed by an estate. Accordingly, the Internal Revenue Service has announced its gift […]

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Parental communication helps pave the way for a reasonable visitation schedule

When couples with irreconcilable differences end their marriage through a divorce, the bonds between the spouses are effectively severed. Each party can proceed with his or her life separately. However, if a soon-to-be-splitting couple has children, some level of communication between the parents will necessarily linger, particularly once child custody has been determined and reasonable

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When spouses wish to part ways, the finality of divorce is usually best

As a popular culture would have us believe, breaking up is hard to do. With all the emotional and financial upheaval that is often involved with a nuptial parting of the ways, some on-the-rocks couples opt for what may seem to be the easier route of some form of separation.  Despite the first-blush attractiveness of

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With proper planning and the right choices, a person can spare heirs the probate process

Probate tends to be costly and lengthy — so much so that many people seeks ways to avoid asking their heirs to go through the process at all. There are legal, probate-free means for transferring assets to heirs in the United States, but they vary from state to state. Within the metropolitan Washington area, which encompasses

With proper planning and the right choices, a person can spare heirs the probate process Read More »

With proper planning and the right choices, a person can spare heirs the probate process

Probate tends to be costly and lengthy — so much so that many people seeks ways to avoid asking their heirs to go through the process at all. There are legal, probate-free means for transferring assets to heirs in the United States, but they vary from state to state. Within the metropolitan Washington area, which encompasses

With proper planning and the right choices, a person can spare heirs the probate process Read More »

Disregard their ambiguous names: living wills and powers of attorney are clearly key documents

Legal terminology can sometimes seem confusing, even misleading, to the layman. The names of some legal documents can suggest one meaning while actually operating as something else. Within estate planning law, for example, living wills and powers of attorney are two well-known but often misunderstood staples. A living will is not actually a will at

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Never-married parents face extra steps when establishing child custody

In Virginia, unmarried parents have the same rights and responsibilities to their children as married couples do. However, parents who were never married may face some additional steps when they establish child custody after a breakup. Paternity frequently complicates the process of determining custody in cases where the parents were never married. If either party

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Varied approaches to divorce offer couples different structures and tones

Adversarial divorce is perhaps the most visible type of divorce in pop culture. With this approach, both parties hire a divorce lawyer to hash out the divorce in court. This is a lengthy process that can lead to fighting over every detail of the settlement. The adversarial approach usually leads to a trial in court.

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Women Have Usually Trumped Men in Child Custody, But More Men May Win custody Cases

In divorce cases, child custody and child support (its possible financial corollary) have, traditionally, been skewed heavily in the mother’s favor. But changing legal doctrines, social mores and economic factors have been changing the balance. Statistics from recent decades show that women were consistently awarded custody of children from 1993 through 2007 — 83 percent

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