Trust Administration

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width="1/12"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row triangle_shape="no" css=".vc_custom_1652796527956{margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] WHY HIRING A TRUST ADMINISTRATION ATTORNEY MAKES SENSE The probate and trust administration process can be quite complicated. There is typically a myriad of paperwork, financial accounts, insurance policies and retirement plans, as well as real and personal property to deal with. Paying special attention to beneficiary designations and how assets are titled is crucial during this time, and Insight Law can help ensure the estate is properly administered. In the absence of a Will or Trust, property titled in the decedent's individual name will be settled under state intestacy laws. As the overseer of a decedent's estate, the personal representative or trustee has a duty to settle and the duties of a personal representative or trustee include but are not limited to: Petition the appropriate court for authority to settle the estate Take possession or control...

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Irrevocable Life Insurance Trusts

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] EXPERIENCED TRUST & ESTATE PLANNING LAWYERS SERVING VIRGINIA, MARYLAND, D.C., COLORADO AND CALIFORNIA An Irrevocable Life Insurance Trust (an “ILIT”) can be a great tool to include in your estate plan. All assets that a client owns, including their life insurance, is included in the value of their taxable estate. However, with an ILIT, the ILIT itself holds the ownership of the policy. Because the trust is irrevocable, the value of the policy is not included in the client's taxable estate. There are different methods of achieving ILIT ownership pf the policy (e.g. having trustee initially apply for policy, gifting existing policy, sale of policy, etc). An ILIT can serve many purposes, including: Removal of life insurance death benefits from a taxable estate, Asset protection, Providing for minor children, and Equalizing estates between married persons to utilize both estate tax exclusion amounts. Designing, implementing and...

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Legacy Planning

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] LEGACY PLANNING LAWYERS SERVING VIRGINIA, MARYLAND, D.C., COLORADO, & CALIFORNIA It has been said that stories and wisdom are more valuable than diamonds, but more fragile than flowers. Unless shared and preserved while in bloom, they are lost to future generations forever. We see life through our stories of the past and our vision of the future. We share the textures of our lives and discover meaning in our life's journey by recalling important events and significant relationships. This is why legacy planning is so important and why you should pass on your words of wisdom to the next generation.[/vc_column_text][/vc_column_inner][vc_column_inner width="1/12"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row triangle_shape="no" css=".vc_custom_1652796527956{margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][mkd_video_box video_link="https://www.youtube.com/watch?v=OX0CEkx_2Gg" video_image="5613" title="Video Legacy"][/vc_column_inner][vc_column_inner width="1/12"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row triangle_shape="no" css=".vc_custom_1652796527956{margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] WHAT IS LEGACY PLANNING? Through a series questions, Priceless Conversations provides a structure with which memories, accomplishments, and the meaning of life can be captured and preserved...

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Business Planning

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] Business Planning Attorneys serving Virginia, Maryland, D.C., Colorado, & California InSight Law offers a wide variety of business planning services. We tailor our services to the needs of our clients because we believe that knowing our clients and their business goals is imperative to understanding how to plan for your financial future. We are ready to work together to form a comprehensive strategy for your business, and build a relationship to ensure your business planning needs are taken care of. The InSight Law Business Maintenance Plan InSight Law offers a unique service to business owners by providing a structured yearly maintenance plan involving periodic reviews of important business matters, coordination with other professional advisors, and educational events for business plan members. Many small business owners get bogged down with day to day operations and leave behind some essential legal requirements of maintaining a business. Our services...

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Estate Planning

[vc_row triangle_shape="no" css=".vc_custom_1652796208956{margin-top: 50px !important;margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] ESTATE PLANNING LAWYERS SERVING VIRGINIA, MARYLAND, D.C., COLORADO AND CALIFORNIA Most people do not know they have the option to leave their estate protected from creditors and divorce. Take action by retaining the services of an experienced estate planning attorney who can provide you with assistance in protecting your affairs. Estate planning is much more than simply creating a Will to say what happens to your assets after you pass on. It is an act of love. It is a commemoration of your concern and care for your loved ones.[/vc_column_text][/vc_column_inner][vc_column_inner width="1/12"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row triangle_shape="no" css=".vc_custom_1652796527956{margin-bottom: 50px !important;}"][vc_column][vc_row_inner][vc_column_inner width="1/12"][/vc_column_inner][vc_column_inner width="10/12"][vc_column_text] IMPORTANT ISSUES TO CONSIDER IN ESTATE PLANNING Do you have an updated plan? What are the key issues to consider if you or a loved one becomes disabled Does your family know your health care wishes? Will your estate be subject to estate taxes? Are your assets...

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