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In Virginia, they ensure privacy and avoid probate delays and the probate tax. But trusts cost $1,000 or more in legal fees. You will still need a pour-over will naming the trust as beneficiary.
In Virginia, a small estate affidavit can save time and money when transferring assets from the estate of someone who died.The affidavits can only be used when the estate is valued at less than ...
The Uniform Probate Code (commonly abbreviated UPC) is a uniform act drafted by National Conference of Commissioners on Uniform State Laws (NCCUSL) governing inheritance and the decedents' estates in the United States.
The Fairfax Circuit Court of the 19th Judicial Circuit, [1] is a court of general jurisdiction, serving the County and City of Fairfax, Virginia, in the United States. It is the largest trial court in Virginia and handles both civil and criminal cases. The Court comprises fifteen full-time judges. [2] Fairfax Courthouse main entrance
The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
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Additionally, the UTC incorporated provisions from smaller, more specific uniform acts related to trusts while also superseding some outdated ones (including Article VII of the Uniform Probate Code, the Uniform Prudent Investor Act of 1994, the Uniform Trustee and Powers Act of 1964, and the Uniform Trusts Act of 1937). [2]