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Hook Law Center
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A living trust is a legal entity that is used to hold title to your assets while you are alive. Upon your death, the assets are then transferred to the beneficiaries named in the trust. You can transfer such assets as bank accounts, stocks, bonds and…
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During your retirement years, you may expect to receive Social Security payments. A few people may also receive payments from public or private pension plans. However, it is best not to rely on such sources to provide a sufficient amount of income to…
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The Effect of Divorce on Your Estate Plan

An unfortunate, but common, scenario: You and your spouse get divorced.  You remarry, but die shortly thereafter.  Your loved ones discover that amidst all the excitement of your divorce and remarriage, you forgot to update your estate plan.  Your will…
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There are two ways in which the 3.8 percent net investment income tax (NIIT) can have an impact on your estate plan. It can raise your tax on capital gains, taxable interest and other investment income, thereby lowering the amount of wealth that is…
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About a year ago (May 22, 2015), I wrote a newsletter article highlighting the possibilities of protecting your assets using a relatively new (to Virginia) device called a self-settled asset protection trust. In case you missed the article, a self-settled…
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by Shannon A. Laymon-Pecoraro, Esq. One of the most frequent issues I face revolves around the discharge of a resident from a nursing home. Often times, an agent or advocate visits my office with a concern, because their loved one is being discharged from…
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