Coates & Davenport, P.C.

June 2018 Archives

Football player pulled over by police, accused of drug dealing

Being accused of a crime can damage anyone's reputation, but this damage is only amplified when the accused is a celebrity. Celebrities live their life in the public eye, so any alleged wrongdoing can quickly be blown out of proportion, even if they are innocent. However, should a celebrity claim they were the victim of police misconduct, this too will likely make the nightly news.

There are many good reasons, besides taxes, for estate planning

People in Virginia may wonder, "Should I have an estate plan?" After all, thinking about one's death is unpleasant, and some people may want to avoid making the tough decisions that must be made in the estate planning process. Moreover, when the Tax Cuts and Jobs Act of 2017 was passed, it increased the federal estate tax threshold two-fold to $11.8 million. As far as estate planning goes, this means that fewer people will be subject to the estate tax upon their death. Some people may think, then, that they do not need a will or trust, because the estate tax will not apply to them.

Virginia courts may consider certain factors in property division

Some of the hardest decisions a couple going through a divorce in Virginia will have to make have to do with dividing their property. After all, over the course of their marriage they may have accumulated many highly-valuable assets such as a house, vacation home, artwork, investments, retirement accounts and more. Moreover, there are assets that may not necessarily have a high retail value, but have a high sentimental value. While some couples are able to work out their property division issues on their own, others may need to look to the court to determine how some or all of their property will be divided.

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