09 May

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Five Life Questions You Should Ask Your Parents Sooner Rather than Later

One of the undeniable realities of life is that it is fleeting and we are not guaranteed tomorrow. With this realization in mind, ask your parents the following five questions sooner rather than later: [mkd_unordered_list style="circle" animate="yes" font_weight="bold"] Can you write my child's name in your handwriting? Can you write a letter to my child/children discussing what you love most about them and your future hopes for them? Can you share your favorite childhood memory? Can you share your favorite memory from when I was a child? What do you want to leave to your grandchild/grandchildren and why? [/mkd_unordered_list] Five Life Questions Go...

28 March

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Estate Plan Lawyer in Ashburn Explains Intrafamily Loans

Posted by InSight Law Team

in Bobby's Blog

Intrafamily loans can be an effective strategy for families to transfer wealth to the next generation, but they also have potential pitfalls and risks that must be considered and mitigated. Basically, intrafamily loans can be an incredibly effective tool to help create capital for families and successfully maintain and build wealth for future generations, but they must be completed with rigorous attention to detail. Navigating the IRS Tightrope Between a Loan and a Gift If you are contemplating an intrafamily loan, it is critically important to adhere to the requirements set forth by the Internal Revenue Service (IRS). Why? Because failing to...

03 November

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Estate Tax Savings – Inflation’s Golden Lining?

Posted by Bobby Feisee

in Bobby's Blog

The inflation rate in the United States hit 8.2 percent year over year in the month of September meaning it is at a multi-decade high, according to NBC News. The spike in inflation has caused pain for many Americans due to the increase in food prices, housing prices, and medical care. However, there may be a golden lining to the ever-increasing inflation rate - reduced estate taxes. Reports indicate inflation could actually help save high-net-worth individuals close to $700,000 by reducing the estate tax bill that’s imposed on their assets when they pass on. How Inflation Impacts Estate Taxes Many people do not...

01 November

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Does Virginia Recognize Wills from Another State? Ashburn Estate Planning Lawyer Provides the Answer

Posted by Bobby Feisee

in Bobby's Blog

[vc_row triangle_shape="no"][vc_column][vc_column_text] According to migration data tracked by the U.S. Census Bureau, more than 264,000 people relocated to the Commonwealth of Virginia from another state in recent years. This likely means thousands of people who drafted a Will in another state will need to get the answer to an important question: Does Virginia recognize a Will drafted and notarized in a different state? Here is the answer: A Last Will and Testament created and effectuated in a different state will generally be considered valid in Virginia if it meets the legal requirements. Requirements to Create Legally Enforceable Will in Virginia If you do not...

08 September

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Battle for Baltimore’s Professional Baseball Future Will Be Determined by Estate Planning

Posted by Bobby Feisee

in Bobby's Blog

Whether the Orioles professional baseball franchise is going to remain in Baltimore, Maryland is now an open question in the wake of lawsuit filed by Louis “Lou” Angelos (son of beloved team owner Peter Angelos) against his mother and brother. Lou Angelos filed his complaint with a Baltimore County court on June 9, 2022 demanding recent amendments to a family trust be voided. In addition, the complaint demand that his aforementioned brother, John Angelos (current CEO of the Orioles) be held liable for fraud and intentionally interfering with Lou Angelos’ inheritance. Proverbial Dirty Laundry Aired in Public When an estate-related dispute arises and is allowed to...

22 February

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Bobby Featured in Law Technology Today

Posted by Bobby Feisee

in News, News at the Firm

Bobby was quoted in Law Technology Today magazine discussing a book he co-authored with David Ginsberg titled, "How Successful Law Firms Really Work." Bobby was asked about what motivated him and his co-author to write this book. Bobby stated that the goal was to help attorneys develop and implement processes to run a successful law firm. The book addresses everything from technology to office décor. Our goal was to demystify owning and operating a law firm – the business side of the firm – and to provide a practical and easy to follow roadmap to create a business plan. Read the full...

14 April

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Which Trust is Best for Leaving a Portion of Your Estate to a Charity?

Posted by Bobby Feisee

in Bobby's Blog

When planning your estate, you may want to leave some money to a charity you support. If you are charitably inclined, there are two types of trusts you should consider utilizing to protect yourself from excessive taxation and maintaining the value of your future charitable donation. The two trust options include (i) the charitable lead trust and (ii) the charitable remainder trust. What is a Charitable Lead Trust? Compared to a charitable remainder trust, the roles are basically reversed when you set up a charitable lead trust. The charitable beneficiary will receive annual payments from the trust at the beginning of the...

02 March

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InSights from February 27, 2021 Annual Client Meeting

Posted by Bobby Feisee

in Bobby's Blog, News

The Annual Client Meeting is a key component of the Insight Law Maintenance Program. We are in the 13th year of hosting these meetings and have found them to be incredibly helpful to both the firm and our clients. The objective of the Annual Client Meeting is to ensure we stay connected with our clients and they stay educated on their estate plan. https://www.youtube.com/watch?v=LMOxNtQRDBk...

15 January

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Bobby Feisee Publishes Law Practice Management Book

Posted by Bobby Feisee

in News, News at the Firm

Bobby Feisee, in collaboration with fellow attorney David Ginsberg, published How Successful Law Firms Really Work through the American Bar Association. This in-depth book is designed to assist attorneys at all levels of law firm management create and implement business strategies. Each chapter provides an easy-to-follow overview of a key aspect of law practice management, with actionable guidance for a variety of situations and contexts. Get a Copy of Bobby's Book Here ...

02 November

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You Were Named the Executor or Administrator of an Estate – What To Expect

Posted by Bobby Feisee

in Bobby's Blog, News

When someone is designated as a personal representative for an estate, their mind is often inundated with questions and concerns about what they are legally obligated to do. In many instances, personal representatives are named an Executor/Executrix or an Administrator/Administratrix. Similarities and Differences between an Administrator and an Executor You may be wondering, "What is different from being named an Administrator versus an Executor?" Well, an Administrator is the individual appointed by a court to oversee an estate when someone passes away without a Last Will and Testament. In contrast, an Executor is the individual named by a decedent in their estate...