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The Consequences of Modifying an Irrevocable Trust

By Buck, Toscano & Tereskerz, LTD. |

The formation of irrevocable trusts has been a fairly popular estate planning strategy for several decades, especially among those with significant assets. The primary goal of these types of trusts is to reduce the size of the client’s estate. This is done in a bid to minimize the estate tax. Irrevocable trusts are not… Read More »

recording spouse during divorce

The Legalities of Recording Your Spouse during a Virginia Divorce

By Buck, Toscano & Tereskerz, LTD. |

Getting divorced is a stressful experience under any circumstances, and this is especially true when both spouses have no other practical option but to share the same residence while going through the proceedings. Those who are involved in a contentious divorce are sometimes tempted to make recordings of their spouse in an effort to… Read More »

the difference between a trust and a will

What’s the Difference Between a Will and a Trust?

By Buck, Toscano & Tereskerz, LTD. |

Wills and trusts are two of the most important estate planning tools. While there are some similarities between the two, they are separate vehicles that accomplish different sets of goals. A will can be used in conjunction with a trust in many cases, although there are instances when a simple will is sufficient. It… Read More »

planning for incapacity

Why Planning For Incapacity Is Essential

By Buck, Toscano & Tereskerz, LTD. |

None of us knows what the future holds, and this truth has been realized more than ever during the past few years. Despite diligent planning, an unexpected event can abruptly turn our lives upside down. And this is why planning for incapacitation is so important. Incapacity planning is an area of estate planning that… Read More »

joint-tenancy

Joint Tenancy Problems in Estate Planning

By Buck, Toscano & Tereskerz, LTD. |

When two or more individuals hold title to real estate property together, the type of ownership that is very often used is called “joint tenancy with a right of survivorship.” Under this arrangement, each owner, referred to as a “joint tenant”, possesses an equal share of the property. And when one of the owners… Read More »

transfer on death

Virginia’s Transfer on Death Deed: What You Need to Know

By Buck, Toscano & Tereskerz, LTD. |

Virginia residents who own real estate property can use a transfer on death deed (TODD) to automatically transfer property directly to beneficiaries upon the owner’s death. This can be a good estate planning strategy, especially for those whose primary asset is their house and they do not have much other property. With a transfer… Read More »

dividing annuity in divorce settlement

Dividing an Annuity in a Virginia Divorce Settlement

By Buck, Toscano & Tereskerz, LTD. |

When a couple gets divorced, one of the most complicated issues that will need to be resolved is the division of marital property. This is especially true if the spouses have accumulated significant assets during the time that they were married. One marital asset that is particularly difficult to divide is an annuity. This… Read More »

how to recognize fraud in estate planning

How to Recognize Fraud in Estate Planning

By Buck, Toscano & Tereskerz, LTD. |

The goal of anyone making an estate plan is to make the probate process stress-free for their surviving loved ones as their final wishes are carried out. Usually, estate planning documents, such as a legally valid will, can mitigate the majority of potential challenges and help avoid probate court controversy. However, estate planning fraud… Read More »

revising estate planning after heir dies

Revising Your Estate Plan After The Death Of An Heir

By Buck, Toscano & Tereskerz, LTD. |

When an heir to an estate plan passes away, it is time to get in touch with an experienced estate planning lawyer to make the necessary changes to your plan.   If you need legal help with any type of estate planning matters in Virginia, contact Buck, Toscano & Terezkerz. We work closely with… Read More »

transferring the family house after divorce

Navigating a Home Transfer During a Virginia Divorce

By Buck, Toscano & Tereskerz, LTD. |

One of the most contentious issues that must be resolved during a divorce is the division of the marital estate. Whenever there is money and property involved, it can trigger emotional responses. One question that often causes these types of feelings is which spouse gets to keep the house that the couple is currently… Read More »

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