tag:blogger.com,1999:blog-59041571691943442712024-03-13T20:01:00.021-07:00William J. Kovatch, Jr.: Elder Law NewsWilliam J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-5904157169194344271.post-64289945140037832762013-03-31T11:03:00.002-07:002013-03-31T11:03:41.305-07:00Happy Easter from Attorney William Kovatch<div class="separator" style="clear: both; text-align: center;">
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William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a> William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-35867312565626211542013-03-28T08:30:00.000-07:002013-03-28T08:30:08.278-07:00Historic Supreme Court Arguments over Same Sex Marriage<div class="separator" style="clear: both; text-align: center;">
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<a href="http://www.nytimes.com/2013/03/28/us/supreme-court-defense-of-marriage-act.html?pagewanted=all&_r=0">The Supreme Court heard arguments yesterday on whether the Defense of Marriage Act is constitutional</a>. The session capped two days of arguments which could determine the future of same sex marriages in the United States.<br />
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<a href="http://www.washingtonpost.com/politics/on-the-second-day-supreme-court-considers-doma/2013/03/26/331bb5ae-966e-11e2-9e23-09dce87f75a1_story.html">Five of the Justices questioned the constitutionality of the law</a>, noting that the issue of marriage has traditionally been an issue reserved to the states. However, other justces questioned whether proponents of the law had standing to bring the challenge to the Supreme Court. This gave rise to a possibility that the Supreme Court will not itself rule on the constitutionality of the Act, but instead let the Second Circuit case of <u>Windsor v. United States</u> stand. <a href="http://kovatchelderlaw.blogspot.com/2012/10/second-circuit-finds-that-us-government.html">In <u>Windsor</u>, the Second Circuit found the Defense of Marriage Act unconstitutional.</a><br />
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The Defense of Marriage Act defines marriage for federal law purposes as a union between one man and one woman. As a result of the Act, legal benefits available to heterosexual married couples are not available to same sex legal unions.<br />
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The case itself involves the availability of the marital deduction in calculating the federal estate tax when the decedant was one spouse in a legal same sex marriage. By striking down the law as unconstitutional, the Second Circuit permitted a same sex spouse to benefit from the marital deduction and thus lower the estate's federal estate tax.<br />
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If the Act were struck down, it would have far-reaching implications from federal employee benefits to estate planning to possibly even immigration benefits.<br />
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On the day before, the Supreme Court held arguments on California's Proposition 8, which outlawed same sex marriages in California. <a href="http://www.latimes.com/news/politics/la-pn-supreme-court-gay-marriage-ruling-20130326,0,1511924.story">On that case, the Justices appeard to be sharply divided</a>. As with the argument over the Defense of Marriage Act, there appeared to be a real possibility that the Court would dismiss the case on a technicality ground, allowing a Ninth Circuit decision that found Proposition 8 unconstitutional stand.<br />
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By: William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a> William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-27973610411620814662013-01-30T21:41:00.000-08:002013-01-30T21:41:15.350-08:00Oral Argument in Same Sex Marriage Cases Scheduled<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-9eKjABVYbJAMl9xhGKEne6IyZk_P7G-tGa9cZqDKuOiCmGQR-2j-0t271ZFr8cK6SkZK951foWG67-X9JXYqDXZCyXTlgLuM16pC-InQnlxRdwhf3Gem-7GYXAb-Shdy1ZsL-KJ7i94/s1600/Gaymarriage.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="196" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-9eKjABVYbJAMl9xhGKEne6IyZk_P7G-tGa9cZqDKuOiCmGQR-2j-0t271ZFr8cK6SkZK951foWG67-X9JXYqDXZCyXTlgLuM16pC-InQnlxRdwhf3Gem-7GYXAb-Shdy1ZsL-KJ7i94/s320/Gaymarriage.jpg" width="320" /></a></div>
The Supreme Court has scheduled oral argument for two cases which involve the legality of same-sex marriages. <a href="http://www.cbsnews.com/8301-34222_162-57562556-10391739/supreme-court-schedules-same-sex-marriage-arguments/">The arguments will be heard on March 26 in both <i>Hollingsworth v. Perry</i>, a case involving California's Proposition 8, and <i>United States v. Windsor</i>, a New York case involving the constitutionality of the Defense of Marriage Act as it applies to the Federal Estate Tax</a>.<br />
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By: William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a><br />
<br />William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-44271208223928105872012-12-09T17:01:00.001-08:002012-12-09T17:01:41.169-08:00Help Me Raise Money for the Cub Scouts!<div class="separator" style="clear: both; text-align: center;">
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Want to help me do something goofy and raise money for my Cub Scout
pack? Check out this video. If I receive a total of $500 in donations
to the Cub Scout Pack 95 before the annual Blue and Gold Banquet, I will
dye my hair a goofy color scheme. Not only that, I will publish photos
on the Internet.<br /><br />I'm not afraid to get goofy in front of my boys for a reason. And this seems like a good enough reason.<br /><br />Plus,
as an added incentive, you get to choose the color scheme. The color
scheme getting the most donations wins. You vote with your dollars.
Your choices: (1) blue and white to represent my high school, J.R.
Masterman; (2) orange and green to represent my undergrad school, the
University of Miami; (3) red, white and blue to represent my graduate
school, The American University; or (4) scarlet and white to represent
my law school, Temple University. But wait, you could go off the
board. My daughter has suggested neon pink and purple.<br /><br />If you
would like to donate, make your checks out to Cub Scout Pack 95. Mail
them to me at: William J. Kovatch, Jr., 2121 Eisenhower Avenue, Suite
200, Alexandria, VA 22314.
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<br />William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-40990582015329906082012-12-07T13:37:00.000-08:002012-12-07T13:37:45.313-08:00Supreme Court to Address Same Sex Marriages<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjURO-u0I2zpxK1Qr2Xcj8CG71tdXjKEYX2DE8-KVcEdRj8VGtXBPGVxLNqxvHctVElynT8gNDxmE-Y-wHrl_cNgl0EaK_L4yrJUCmVn0wVlL3MwJbhXMEGVluZNgHH806vG2EaQIaGHII/s1600/DSCF3203.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjURO-u0I2zpxK1Qr2Xcj8CG71tdXjKEYX2DE8-KVcEdRj8VGtXBPGVxLNqxvHctVElynT8gNDxmE-Y-wHrl_cNgl0EaK_L4yrJUCmVn0wVlL3MwJbhXMEGVluZNgHH806vG2EaQIaGHII/s320/DSCF3203.JPG" width="320" /></a></div>
The Supreme Court announced that it would hear two cases which involve same-sex marriages. One case is from California, and concerns a ban on same sex marriages approved by California voters. The other is an appeal from the U.S. Court of Appeals for the Second Circuit which held that part of the Defense of Marriage Act was unconstitutional.<br />
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The Second Circuit case concerned a lesbian couple who had married in Canada, but lived in New York. One spouse died, leaving her estate to her surviving spouse. <a href="http://kovatchelderlaw.blogspot.com/2012/10/second-circuit-finds-that-us-government.html">The surviving spouse claimed the marital deduction against the federal estate tax</a>. The Second Circuit held that the Defense of Marriage Act, which prohibits the Federal Government from recognizing same-sex marriages, violated the Equal Protection Clause of the U.S. Constitution.<br />
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The move by the Court does not necessarily mean that the Court will reach the central issue of whether same-sex marriages should be recognized in the United States. Nonetheless, a possible outcome of the cases could be the resolution of whether same-sex couples can enjoy the same benefits under federal law as heterosexual couples.<br />
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By: William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a>William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-60764785932034037832012-11-08T13:10:00.000-08:002012-11-08T13:10:18.077-08:00The Pro Se Guardianship Proceeding<div class="separator" style="clear: both; text-align: center;">
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I don't want to sound as if I want to restrict access to our courts. However, there is a trend, at least here in Fairfax County, Virginia, that has me concerned. That trend is the rise in number of pro se guardianship petitions, or guardianship petitions that are filed without the help of a lawyer.<br />
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I understand the reason these petitions get filed without a lawyer. Usually, there is a well-intentioned family member who just wants to make sure that an older person who appears more and more confused is getting the help they need. In many cases, resources are tight, and the family member wants to try to avoid spending a lot of money.<br />
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Indeed, guardian petitions are costly. This is one of the reasons why I warn people that they should put a comprehensive estate plan in place. If drafted properly, a few dollars spent now can avoid thousands of dollars in expense and hassle down the road. To properly pursue a guardianship petition, you should expect to pay a lawyer somewhere between $1,500 to $2,500, to pay a court-appointed guardian ad litem somewhere between $1,000 to $2,500, court costs of a little under $100, and additional costs such as doctor's fees, surety fees and other expenses<br />
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Even though the petitioners appear to be well-intentioned, and may resent the notion that they have to spend thousands of dollars out of their own pockets to pursue a guardianship case in Virginia, there is a reason for it. A guardianship petition should never be taken lightly. First, in Virginia, anyone can file a guardianship petition against anyone else. If successful, the petitioner will be taking away numerous fundamental rights from the potential ward. This could include the right to make medical decisions, the right to control your finances, the right to drive, and the right to vote. Given the seriousness of the matter, courts simply cannot grant guardianship petitions on a whim. They must be supported by evidence, and the potential ward must be given the meaningful right to contest the proceeding.<br />
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Those who file guardianship petitions pro se are often surprised to find out how they work in Virginia. Before a guardian can be appointed, there must be an evaluation by a licensed health care worker who certifies that the person is incapacitated. When the guardianship petition is filed a lawyer, called a guardian ad litem, is appointed to provide guidance to the court. The guardian ad litem is required to investigate the matter, interview all of the relevant players, including family members and doctors, review all relevant information, including medical reports and financial records, and give a report to the court on whether a guardian is necessary. This takes time. And, that time gets billed. Petitioners who choose not to hire their own lawyer are often surprised to find out that Virginia law places the cost of all of this on them.<br />
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To be certain, if a guardianship petition is granted, it is possible to get the court to order that the costs associated with the petition be borne by the ward, assuming the ward has sufficient funds. In some cases, if the ward is indigent, the cost of the guardian ad litem is paid by the Commonwealth. But, petitioners are taking the risk that all of the expenses will come out of their pocket.<br />
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Then, there is the case of the contested guardianship. In most cases, the guardian is appointed through a simple hearing after the guardian ad litem files the report with the court. But, if the potential ward objects, then there may need to be a hearing where the rules of evidence apply. In fact, the potential guardian has the right to insist on a jury trial. All of this adds to the hassle and expense. Indeed, a contested guardianship case can cost n the tens of thousands of dollars in lawyer's fee, including the fee of the guardian ad litem.<br />
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Filing a guardian petition without a lawyer is also unfair to the guardian ad litem. The guardian ad litem's role is not to be the layer of the petitioner. It is to represent the best interests of the potential ward. Yet, when a guardian petition is filed without a lawyer, inevitably legal requirements, such as the need for a doctor's evaluation, are overlooked. This places the guardian ad litem in the very uncomfortable position. Should the guardian ad litem help out the petitioner, and in effect do things that the petitioner's counsel would have done? Or should the guardian ad litem simply recommend rejecting the petition for failing to meet the legal requirements, and foot the petitioner with a bill for his or her services in doing so.<br />
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And all of this is why pursuing a guardianship petition without a lawyer is a very bad idea. Petitioners need to be forewarned on exactly what the process involves, and how much it can cost. In the end, hiring a lawyer to guide you through the process will save everyone involved in the process time and expense, while protecting the rights of the potential ward.<br />
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By: William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a>William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-39858603267939472782012-10-30T13:19:00.000-07:002012-10-30T13:19:12.206-07:00Using Trusts and Powers of Attorney in Your Estate Plan<div class="separator" style="clear: both; text-align: center;">
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There are various tools that you can use in your estate plan to make sure that your property is handled the way you want. Two such tools are the trust and the power of attorney.<br />
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A trust is a legal arrangement where one person, a trustee, holds and manages property for the benefit of another person, the beneficiary. Through a trust agreement, the trustee is given instructions on what to do with the property held in trust. This includes instructions on what to do with the property once the beneficiary has died.<br />
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The most common type of trust used in estate plans is the inter vivos, or living, revocable trust. The owner of the property appoints himself or herself as both the trustee and the beneficiary. He or she then appoints a successor trustee to take over when the original trustee dies or becomes incapacitated. The trust includes instructions on what to do with the property upon the owner's death.<br />
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Revocable living trusts are commonly used to avoid probate. That is, by owning your property through a trust, you do not have to file it with the probate division of the court, and go through the expensive and tedious process of probate. In Virginia, where every estate with more than $50,000 (exclusive of real estate) must go through probate, using a living trust can save your heirs money and hassle after your death.<br />
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But, revocable living trusts can have other purposes. They include assisting an older person who needs hep managing money by appointing a co-trustee to help make financial decisions. <br />
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A power of attorney is a document that appoints a person to make decisions for you. You appoint an agent, also known as an attorney-in-fact. Your agent has the power to act as if her or she were you. That can make it easier for you to have someone do your banking or sign documents in a real estate transaction. Of course, since the agent can do things on your behalf, you better make sure your agent is a person you trust to act in your best interests. Powers of attorney can be limited. An example is a power of attorney to complete a real estate transaction while you are out of town. Powers of attorney can also be general. This is where you appoint an agent to do anything you can do. They should also be durable, meaning that the powers of attorney is effective even when you are incapacitated.<br />
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The most common reason to have a power of attorney is to protect your estate from the need to engage in guardianship proceedings. That is, if you become incapacitated, and you do not have a power of attorney, then in order for someone to take care of your estate for you, that person would have to go through a guardianship proceeding. Guardianship proceedings are expensive and can be embarrassing. By contrast, a power of attorney is usually a fairly simple and inexpensive document to create.<br />
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<a href="http://ezinearticles.com/?What-Are-Trusts-and-Powers-of-Attorney,-and-How-Can-I-Use-Them-in-My-Estate-Plan?&id=7346080">I go into more detail on trusts and powers of attorney in this article</a>.<br />
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When you are ready to discuss you estate plan, you should contact a knowledgeable attorney to discuss the options available and the advantages and disadvantages of each option.<br />
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By: William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a>William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-32337533466154561042012-10-24T06:42:00.000-07:002012-10-24T06:42:48.965-07:00A Family with Young Children Should Have a Comprehensive Protection Plan<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHCCIhKsCvZZOvpvd372lEg5D7xOi1ATfi0grqZe473IOG1TdKjdjNCBopxhqKyNfd8_8-XTs_aH3YobbbL4SjLfeCqAPVWHy07UVYGhssuYJFWvUEMLpnQDF0nwIIdOOLyVwtCbG2CEg/s1600/photo(6).JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHCCIhKsCvZZOvpvd372lEg5D7xOi1ATfi0grqZe473IOG1TdKjdjNCBopxhqKyNfd8_8-XTs_aH3YobbbL4SjLfeCqAPVWHy07UVYGhssuYJFWvUEMLpnQDF0nwIIdOOLyVwtCbG2CEg/s320/photo(6).JPG" width="320" /></a></div>
If you have young children, you should put together your Comprehensive Family Protection Plan. A will is simply not enough. You need to ensure that you have appointed a guardian for your children, should you meet your untimely demise, and given instructions to all of your loved ones on how to proceed.<br />
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<a href="http://ezinearticles.com/?Is-Your-Family-Protected?-How-to-Put-Together-a-Comprehensive-Plan-to-Protect-Your-Children&id=7346082">I go into more detail on exactly what you Comprehensive Family Protection Plan should look like in this article.</a><br />
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Make an appointment now so we can discuss how best to protect your family.<br />
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By: William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a>William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-7558537820583021902012-10-21T06:48:00.000-07:002012-10-21T06:48:43.352-07:00Social Security and Retiring Overseas<!--[if gte mso 9]><xml>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtrfvtBC28YAXY2XUF30mb_U6qQh-ywz_Tt2c-1GVFHXKlM3jm93IQEAHuFiCJEdI0nwtFaKsIJvVPfkMEtC6KMMjGiauSjBXFp6mx-WqOnos-L6VPkys6Xed7gAMwzBDUbS1XWVz536A/s1600/Money-By-Public-Domain-Photos.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtrfvtBC28YAXY2XUF30mb_U6qQh-ywz_Tt2c-1GVFHXKlM3jm93IQEAHuFiCJEdI0nwtFaKsIJvVPfkMEtC6KMMjGiauSjBXFp6mx-WqOnos-L6VPkys6Xed7gAMwzBDUbS1XWVz536A/s320/Money-By-Public-Domain-Photos.jpg" width="320" /></a></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%;"><span style="mso-tab-count: 1;"></span>Some people look forward to retirement as an opportunity
to live overseas.<span style="mso-spacerun: yes;"> </span>It may be a chance to
spend some time relaxing on a tropical island in the Caribbean.<span style="mso-spacerun: yes;"> </span>Perhaps it is time to open a boutique or
restaurant in an exotic location.<span style="mso-spacerun: yes;"> </span>Or
maybe, retirement is a chance to give back to the community, by performing a
service, such as medical care, at low-cost or no charge to people of an
impoverished nation.</span></div>
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<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%;">Whatever the reason, retiring to live overseas may raise
a number of legal and financial questions.<span style="mso-spacerun: yes;">
</span>Will living overseas affect Social Security benefits? What about working
overseas?<span style="mso-spacerun: yes;"> </span>Are there tax issues to
consider?</span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%;">For U.S. citizens, the good news is that for the most
part, living overseas will not affect your ability to collect Social Security
retirement benefits.<span style="mso-spacerun: yes;"> </span>Such benefits are
contingent on your working for 40 qualifying quarters.<span style="mso-spacerun: yes;"> </span>So long as you have those 40 quarters of
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benefits.<span style="mso-spacerun: yes;"> </span>The payment of benefits to
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Cuba, North Korea, </span><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%;">Cambodia, Vietnam or areas that were in the former Soviet Union (other than Armenia, Estonia, Latvia, Lithuania and Russia).</span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%;">For non-U.S. citizens, otherwise eligible for Social
Security benefits, the issue is a little more complicated.<span style="mso-spacerun: yes;"> </span>Currently, citizens of <a href="http://www.socialsecurity.gov/international/countrylist1.htm">List 1</a> will continue to
receive Social Security payments no matter how long they live outside of the United
States.<span style="mso-spacerun: yes;"> </span>In some other countries, <a href="http://www.socialsecurity.gov/international/countrylist2.htm">List 2</a>, a
citizen may not receive U.S. Social Security benefits if those benefits are
based on being a dependent or survivor of the wage earner.<span style="mso-spacerun: yes;"> </span>Finally, some countries only permit Social
Security payments for the first six months of living outside the United
States.<span style="mso-spacerun: yes;"> </span>However, if you return to live
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another six months when you return to the foreign country. A complete
explanation of these rules can be found on the Social Security website, <a href="http://www.socialsecurity.gov/pubs/10137.html">http://www.socialsecurity.gov/pubs/10137.html</a>
(“Your Payments While You Are Outside The United States”).</span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%;">Retiring overseas, therefore, creates some
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impact living and working overseas will have on you and your income.</span><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: Arial;">■</span><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: Calibri;"> </span><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%;"><span style="mso-spacerun: yes;"> </span></span><span style="font-size: 11.5pt; line-height: 115%;"></span></div>
William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-68519297407577541202012-10-20T20:29:00.000-07:002012-10-22T14:24:43.970-07:00Steps Same-Sex Couples Should Take When They are Legally Unable to Marry<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCHFkn-OfYc9472j7NZzdmJJoyY_Md1AvNlZbX3IUhpuDnshmF4D3DuA-WPWkfGd14G1yYZDWZUD6Zf8pgIKemuy2oZ7Yh-kV2JLciGy707Ux9QyBaFEq5Mt8owPUHtUaiEMsOlewa7jw/s1600/gay_marriage-wedding_cake11.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCHFkn-OfYc9472j7NZzdmJJoyY_Md1AvNlZbX3IUhpuDnshmF4D3DuA-WPWkfGd14G1yYZDWZUD6Zf8pgIKemuy2oZ7Yh-kV2JLciGy707Ux9QyBaFEq5Mt8owPUHtUaiEMsOlewa7jw/s320/gay_marriage-wedding_cake11.jpg" width="320" /></a></div>
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<br />
<div class="MsoNormal">
As the debate rages on, a majority of states do not
recognize same-sex marriages.<span style="mso-spacerun: yes;"> </span>One
argument to permit committed homosexual couples to marry has been that such
couples are denied some of the same rights that married heterosexual couples
have.<span style="mso-spacerun: yes;"> </span>If you live in one of the states
that do not recognize same-sex marriages, there are steps you and your partner
can take to replicate some of those rights.<span style="mso-spacerun: yes;">
</span>Here are the documents you need to create:</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<b style="mso-bidi-font-weight: normal;">A Health Care Directive (also known as an advance medical directive, a
health care proxy, a health care agent or a living will)</b></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Through a health care directive you
appoint whom you want to make medical decisions for you when you cannot.<span style="mso-spacerun: yes;"> </span>In Virginia, if you have not appointed a
health care agent, and you are unmarried, then the law will first look to your
parents to make such decisions for you, and if they are deceased, then to your
siblings.<span style="mso-spacerun: yes;"> </span>If you do not want that, then
you can appoint your partner to make your health care decisions for you through
a health care directive.<span style="mso-spacerun: yes;"> </span>You can (and
should) also give guidance on how you would want your medical decisions made.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<b style="mso-bidi-font-weight: normal;">A HIPPA Release and Authorization</b></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
If you want to make sure that your
partner has access to you medical information, then you should execute a HIPPA
release and authorization.<span style="mso-spacerun: yes;"> </span>This tells
your medical service providers that it is OK to speak with your partner about
your health care issues.<span style="mso-spacerun: yes;"> </span>Otherwise,
under HIPPA rules, your doctor will not share information with your partner.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<b style="mso-bidi-font-weight: normal;">Durable Power of Attorney</b></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Through a power of attorney, you
appoint an agent who can act for you (and thus legally bind you) for a host of
different things.<span style="mso-spacerun: yes;"> </span>When you execute this
document, you can give your agent broad powers to act n your behalf, or very
narrow powers.<span style="mso-spacerun: yes;"> </span>You also want to make
sure that the power of attorney is durable, meaning it will be effective even
if you are incapacitated.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<b style="mso-bidi-font-weight: normal;">A Living Trust</b></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Married couples have the benefit of
buying real estate as “tenants in the entirety.”<span style="mso-spacerun: yes;"> </span>This means that they each own an undivided
share of the whole.<span style="mso-spacerun: yes;"> </span>One spouse cannot
sell his or her share without the authorization of the other.<span style="mso-spacerun: yes;"> </span>Creditors of one spouse cannot place a lien
on the real property.<span style="mso-spacerun: yes;"> </span>Tenants in the
entirety also have the right of survivorship, which means that when one spouse
dies, the other automatically inherits the property without the need to go
through probate.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Same-sex can replicate these rights
through a living trust.<span style="mso-spacerun: yes;"> </span>The trust can be
set up appointing oh partners as co-trustees, and prohibiting one trustee from
selling property without the consent of the other.<span style="mso-spacerun: yes;"> </span>A trust can also be set-up to protect the property
held from the creditors of just one of the partners.<span style="mso-spacerun: yes;"> </span>Finally, a trust can ensure that when one
partner dies, the property in the trust is passed to the surviving partner,
without the need to go through probate.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<b style="mso-bidi-font-weight: normal;">A Will</b></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
Although much can be accomplished
through a living trust, you should still have a will to make sure that your
property goes to the people you choose.<span style="mso-spacerun: yes;">
</span>Without a will, the law of intestacy applies, which means that your
blood relatives will likely inherit your property.<span style="mso-spacerun: yes;"> </span>If here is some property you do not own
through a trust, then a will is essential to ensure that the property goes in
accordance with your desires.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
<b style="mso-bidi-font-weight: normal;">Funeral Designation</b></div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .5in;">
I Virginia, you can execute a
document to appoint a person to be in charge of making your funeral
arrangements.<span style="mso-spacerun: yes;"> </span>Without such<span style="mso-spacerun: yes;"> </span>document, a funeral director may look to your
family to make decisions about your funeral instead of your partner.</div>
<div class="MsoNormal" style="margin-left: .5in;">
<br /></div>
<div class="MsoNormal">
One word of warning with all of these documents.<span style="mso-spacerun: yes;"> </span>Make sure that your partner is
trustworthy.<span style="mso-spacerun: yes;"> </span>If there are issues of
trust in your relationship, then appointing your partner to be the person to
make these decisions for you could wind up being disastrous.<span style="mso-spacerun: yes;"> </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
As always, it is best to consult with a lawyer to make sure
your arrangements are set up the way you want them to be.<br />
<br />
For more information, see "<span style="font-size: small;"><span style="font-weight: normal;"><a href="http://ezinearticles.com/?Same-Sex-Couples-Can-Take-Steps-to-Replicate-Some-Rights-of-Married-Heterosexual-Couples&id=7340943">Same Sex Couples Can Take Steps to Replicate Some Rights of Married Heterosexual Couples</a>".</span></span><br />
<br />
<br />
By: William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a> </div>
William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-82470680444099535632012-10-19T13:46:00.002-07:002012-10-24T06:49:20.271-07:00Second Circuit Finds that U.S. Government Cannot Discriminate Against Legal Same-Sex Marriages in Applying the Estate Tax<div class="separator" style="clear: both; text-align: center;">
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The U.S. Court of Appeals struck down the Defense of Marriage Act in the case of <u>Windsor v. United States</u>. Specifically, the Court found that section 3 of the Act, which defines marriage as the legal union between one man and one woman, violated the Equal Protection Clause of the Constitution.<br />
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The case involved a same-sex couple who had legally married in Canada, and lived in New York. One spouse died, leaving the other to inherit property. The surviving spouse claim the spousal deduction for federal estate tax purposes, which was disallowed under the Defense of Marriage Act. As a result, the estate tax bill amounted to over $300,000.<br />
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Under the Court's decision, the Federal Government would be required to recognize legal same-sex marriages when applying the federal estate tax. In some respects, the Court's decision could be far-reaching, as legal same-sex marriages would have to be treated equally to heterosexual marriages for a variety of federal laws and programs, such as Social Security benefits, family leave and employee benefits. On the other hand, the Second Circuit has jurisdiction only over Connecticut, New York and Vermont. The only other federal court to find the Defense of Marriage Act to be unconstitutional is the First Circuit. For the rest of the country, the Defense of Marriage Act remains the law of the land. Nonetheless, the Second Circuit's decision makes it more likely that the U.S. Supreme Court will hear a case involving the Defense of Marriage Act.<br />
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<a href="http://www.articlesbase.com/marriage-articles/second-circuit-defense-of-marriage-act-cannot-discriminate-against-same-sex-couples-in-estate-tax-6262406.html">I go into more detail in this article</a>. <br />
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<a href="http://www.nytimes.com/2012/10/19/us/appeals-court-rules-against-defense-of-marriage-act.html?_r=0">A New York Times article on the decision can be found here</a>.<br />
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<a href="http://www.ca2.uscourts.gov/decisions/isysquery/d5ef52b6-2260-42f0-b1b6-a75eb20e515c/1/doc/12-2335_complete_opn.pdf#xml=http://www.ca2.uscourts.gov/decisions/isysquery/d5ef52b6-2260-42f0-b1b6-a75eb20e515c/1/hilite/">The text of the decision can be found here</a>.<br />
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By: William J. Kovatch, Jr.<br />
(703) 837-8832<br />
<a href="mailto:info@kovatchelderlaw.com">info@kovatchelderlaw.com</a>William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-11222751531179756392012-09-27T05:06:00.000-07:002012-10-19T14:49:40.877-07:00Choose Your Trustees, Agents and Health Care Proxies Wisely<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5fm5wtQl23CeRCa-9p7GhH_BJHZA2hK_dUgWYjd4bPNno8mOd2XCBFe2GNP4kBtoRQV8ezZP_z966c44UoKkOgaDsuF_TxP2u5GJH5MjD5T-1d7DZrdFnA3ubSLLF7j6hFj2FH2oJhZQ/s1600/Signing+(Cropped).bmp" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="252" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5fm5wtQl23CeRCa-9p7GhH_BJHZA2hK_dUgWYjd4bPNno8mOd2XCBFe2GNP4kBtoRQV8ezZP_z966c44UoKkOgaDsuF_TxP2u5GJH5MjD5T-1d7DZrdFnA3ubSLLF7j6hFj2FH2oJhZQ/s320/Signing+(Cropped).bmp" width="320" /></a>This week, a colleague asked me to review a trust for her. We were concentrating on the tax provisions. But what struck me most of all were the provisions concerning the Trustee.<br />
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There were instructions to the Trustee about what to do if the beneficiaries engaged in drug abuse. There was a provision about how to handle the house, because the client had feared that one sibling might use the house as a tool to bully the other. Then, to my surprise, the siblings were named as the successor co-trustees. Wow. That was odd.<br />
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As the name suggests, appointing a trustee requires trust. You have to trust that the person you appoint is going to fulfill your wishes and going to be fair with your beneficiaries. The same concept applies to appointing an agent through a power of attorney and a health care proxy or health care agent through an advance directive. If you can't trust the person, then you are giving that person way too much power.<br />
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This is where family dynamics come in. In way too many cases, people choose trustees, agents or health care proxies because they don't want there to be hurt feelings. One sibling was chosen over the other as trustee, so that must mean you favor that one. Quite frankly, I think those types of considerations should be given minimal weight in the grand scheme of things. The primary consideration should be do you trust this person to do the things you want done, while being fair to the beneficiaries. If you fear that the person you want to appoint will bully others, then you've made the wrong choice. If you appoint co-trustees because you fear one will bully the other, then you are forcing two people to work together who probably shouldn't. Again, you've made the wrong choice.<br />
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In most families, choosing an adult child as a decision-maker or fiduciary is a good choice. But, if your family dynamics is such that you cannot trust siblings to work together, then you need to make another choice.<br />
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Here are some considerations I give to my clients when choosing a trustee. Number one, trust. Can you trust this person? Number two, age and health. Is this going to be a person who will be around and able to act when you get sick or pass away? Number three, proximity. If you want a decision to be made quickly, then it may be advantageous to have someone who lives nearby to be the decision-maker, and not the adult child who lives on the other coast or on another continent.<br />
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Sometimes, we come to a point where it is clear that a friend living close by is a better choice for fiduciary than an adult child. If that is the case, don't be afraid to hurt your family's feelings. This is an important choice for you, not for them.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-70201315326737347022012-09-05T05:37:00.000-07:002012-10-19T14:48:07.199-07:00Why Parents Need an Estate Plan<div class="separator" style="clear: both; text-align: center;">
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Everybody should have an estate plan. But, planning is critical for parents with minor children. Surely, one of the things a new parent does is to make sure that they have life insurance to protect their young ones. Well, think of an estate plan as an extension of that life insurance.<br />
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First, and most important, every parent should think about whom they would want to raise their children if the parents were gone. This is by far the hardest thing for any parent to think about. But, it is the most critical. You don't want your children to find themselves the wards of the court. Court battles can be messy, and can take time. Meanwhile, the children may need to be in foster care until the case can be completed and a new guardian appointed. You want to make sure that you decide who is going to raise them. Plus, in Virginia, this step is easy to do. Appointing a standby guardian who can act immediately upon an emergency is a simple act of completing a one page document.<br />
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Once you know who could be taking care of your children, you need to give them the tools. In this regard, note that leaving a large sum of money to a minor directly is a bad thing. If no one is named as custodian, then there will have to be proceedings to name a guardian of the estate. This includes the appointment of a guardian ad litem to investigate the case. In Fairfax County, I've noticed that not all guardians ad litem understand the law completely and may insist that the money left to a minor, including insurance proceeds, be deposited with the court until the minor reaches eighteen. Plus, we have the added problem that under the law, any money left to a minor directly becomes the minor's money at age eighteen with no strings attached. How many eighteen year olds who you know are responsible to manage thousands of dollars given to them all at once?<br />
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The simple and most flexible solution is a living trust, either naming the potential guardian as the contingent trustee to take over after the parents' deaths, or naming another responsible person as the contingent trustee with instructions to cooperate with the potential guardian. Naming the trust as the beneficiary of life insurance proceeds should both parents pass is one way to make sure that all of the money is managed in a single, simple plan.<br />
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The point is that all of this is simple to create. It takes just a few meetings with a lawyer to plan, and some thought on the part of the parent. But, for a parent, it is one of the most critical things you can do to protect your children.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-31500990881370358252012-05-25T10:13:00.003-07:002012-09-27T17:12:18.745-07:00We Specialize in Small EstatesAre the executor or personal representative on a Virginia estate worth more than $50,000, but less than $200,000? These estates are particularly troublesome, because you still have to file inventories and accountings, and pay the Commissioner of Accounts filing fees as well.<br />
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We specialize in assisting with small estates, and doing it at a price that is reasonable. We have a good working relationship with a fiduciary accountant who can prepare the filings at an hourly rate that is lower than an attorney's rate. Attorney rates will only be charged for court proceedings, and reviewing the filings before they are submitted to the Commissioner of Accounts Office.<br />
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If you are responsible for an estate that is worth less than $200,000, contact William J. Kovatch, Jr. now for help.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-81372715220187637932012-05-03T07:17:00.000-07:002012-10-19T15:04:48.887-07:00Giving a Gift to a Minor Through Your Estate Plan<div class="separator" style="clear: both; text-align: center;">
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Whether to a child, a grandchild, a special niece or nephew, many people wish to give gifts to minors through their estate plan. It can be accomplished through a will, a trust, a life insurance policy, or even by naming a beneficiary on a retirement account. Making the gift correctly can avoid a lot of hassle.<br />
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In this article, I am not addressing the tax implications through the estate tax, the gift tax or the general skipping transfer tax. I am only addressing the mechanics of how the transfer is made.<br />
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Many states, like Virginia, have the Uniform Transfer to Minors Act. If a minor is the beneficiary of a gift from a will, trust, insurance policy or other source, then the gift-giver has the power to appoint a custodian. The custodian then has the authority to hold the gift for the minor until the minor reaches 18, and use the money for the minor’s benefit.<br />
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If the gift-giver fails to name a custodian, then this can create problems. In Virginia, the person who wants to hold the property for the minor must then petition the court to be appointed the guardian of the estate of the minor. This is true, even if that person is the minor’s custodial parent. The guardian of the estate must post a bond with surety, and then comes under the supervision of the Commissioner of Accounts. Before using the money for the minor’s support, the guardian of the estate must consider all other sources of income or support for the minor. Generally, this means that the money cannot be used until the minor reaches the age of eighteen. As you can see, the need to go to court and the supervision afterwards creates a hassle and expense.<br />
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Other options in this situation can be for the Commissioner of Accounts to hold the money in an interest bearing account until the minor reaches the age of eighteen. Or, if insurance proceeds, the insurance company can hold the money until the minor reaches the age of 18.<br />
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Nonetheless, these options all leave something to be desired. It involves giving up control, and/or accepting court supervision.<br />
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The way to solve that problem is by leaving the gift through a well crafted trust. By creating a trust, the gift giver can define how the money is to be used, and when the money is to be turned over the to minor. For example, the trust can provide that the money can be used at the discretion of the trustee for the minor’s expenses. The money need not be turned over when the minor reaches age 18. Rather, if there is a concern that the minor would not be responsible enough, then the money can continue to be held in trust until the beneficiary reaches a suitable age, as defined by the gift-giver. Moreover, if the minor is disabled, as defined by Social Security law, then the trust can and should be drafted in such a way so as to avoid disqualifying the beneficiary from government benefits.<br />
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Gifts to minors through an estate plan are usually best made through a trust. For advice on how to craft such a trust to suit your specific needs and desires, call me at (703) 837-8832.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-53750485503126722502012-03-26T18:51:00.002-07:002012-10-19T15:07:33.662-07:00Beware the Contested Guardianship!<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlfZW5yql7QXg-F_tXkaZG_mVwXNqeRmXcotK61xOmRmiTadn5_RUTbKw0OOk2h0J4eaqTzbiUNWAA_7jjUO81L4BmwurOEojo0-4zY5LQ7BLEuX3rJUWXcPE7RKsz2o-zTMJSORro4CE/s1600/photo-32.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlfZW5yql7QXg-F_tXkaZG_mVwXNqeRmXcotK61xOmRmiTadn5_RUTbKw0OOk2h0J4eaqTzbiUNWAA_7jjUO81L4BmwurOEojo0-4zY5LQ7BLEuX3rJUWXcPE7RKsz2o-zTMJSORro4CE/s320/photo-32.jpg" width="320" /></a></div>
Guardianship proceedings exist to create protection for people who are no longer capable of making decisions for themselves. Often, a relative, such as an adult child, will bring a guardian petition when the mental abilities of an elderly person has started to deteriorate. Sometimes, a guardian petition is brought by a concerned family member to protect the elderly person from the exploitation of another.<br />
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In my experience, most guardianship petitions are uncontested and well-intentioned. But sometimes, a guardianship petition becomes just another phase in a bigger dispute among adult children. Far too often, disputes between adult siblings get heated because there is a belief that mom has money.<br />
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A contested guardianship case can become a problem quickly. In Virginia, if a guardianship petition is successful, and the elderly person's estate has the funds, all of the costs, including lawyers' fees, are paid from the elderly person's estate. If the adult children cannot agree on what is best for the elderly parent, and litigation ensues, this means that money that should be used for mom's care winds up getting eaten away by lawyers' fees. <br />
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Morally, adult children should give serious thought to just how hard they want to fight in a contested guardianship case. In fighting to control what happens to mom and her assets, the children could wind up throwing her money away.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-4087388648159475172012-03-14T10:46:00.002-07:002012-09-27T17:15:32.917-07:00Special Needs Trusts and Your WillA colleague asked me when a special needs trust is written into a will, does a new document creating the trust need to be drafted. I answered that if the trust was created properly, then no.<br />
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However, this raised a separate question for me. Why was the special needs trust created by will, as opposed to a living trust?<br />
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To back up, a special needs trust is an instrument to make funds available to benefit a person with disabilities, so that the person would not be disqualified for public assistance. It must be drafted and administered properly, or else the funds in the trust can be considered resources, and thus disqualify the person for government programs such as Medicaid.<br />
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The problem with writing a special needs trust in the will is that the will has to be probated. Once the will is probated, here in Virginia, the Commissioner of Accounts for that county will be responsible to oversee the administration of the trust. This will necessarily involve the filing of inventories and accountings, filing fees, and the expense of hiring professionals, such as a lawyer and accountant, to make sure the filings are done properly. All of this can add to the hassle and expense of administering the trust.<br />
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A better way to handle the desire to make a special needs trust as part of an estate plan is to create the trust as part of a living trust. That way, upon death, the trust does not have to go through probate, and you do not have the watchful eye of the Commissioner of Accounts over you.<br />
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If you want to benefit a person with disabilities through your estate plan, it is best to consult a lawyer experienced and educated in special needs trusts to assist you and create the most efficient plan for you.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-69343460953573060402012-03-13T12:13:00.002-07:002012-10-19T15:13:17.816-07:00Who Will Make Your Funeral Arrangements?<div class="separator" style="clear: both; text-align: center;">
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While many people do not want to think about their own funeral arrangements, there are some who have some pretty strong feelings about the subject. The question is, how do you enforce your wishes, since you will not be around to direct your family?<br />
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Under Virginia law, the next of kin are entitled to make the decision regarding the disposition of a loved one's body and the funeral arrangements. But, the definition of next of kin is broad, including a spouse and any adult children. If there is disagreement, then the disagreeing next of kin can petition the circuit court.<br />
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This seems like an awful lot of trouble. It is especially problematic where a person has entered into a second marriage, or where a person is separated from his or her spouse and has not yet gotten a divorce.<br />
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Virginia law does have a solution. A person can designate an individual to be the person to make the decisions regarding the funeral arrangements and the disposition of the body. The designation must be in writing and notarized. It must also be accepted in writing.<br />
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If you feel strongly about the disposition of your body and your funeral arrangements, this should be part of your estate plan. You should put your desires in writing, and designate a person whom you trust to go through with your plan. A lawyer can help you accomplish this.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-53666025081224328282011-09-17T14:44:00.000-07:002012-09-27T17:17:24.591-07:00Administrative Agency Cases Require Special AttentionMany people involved in a case before an administrative agency do themselves a disservice by not hiring a lawyer. They assume that because the procedures are informal, they can just as easily present their case as a lawyer. Even before an administrative agency, however, lawyers are vital.<br />
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The most important thing to do before an administrative agency is to make a record. That is the case is decided on the testimony, documents and other information submitted to the agency. This is the record. Often, administrative agency cases involve highly technical subject matter. A person before the agency maybe an expert. But, he or she should not assume everyone else is. Thus, it is vital to submit documentation to back up your case. An experienced lawyer knows how to make a record. Indeed, an experienced lawyer will understand that the case could go to court, where the judge will not be a technical expert. Putting enough evidence on the record to convince a judge is key.<br />
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Next, people are often anxious to state their case. But, they may not realize that there words can be misinterpreted. A lawyer can help select the right message and be careful in word selection.<br />
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Finally, a good lawyer will research the law and learn how to set up the legal arguments.<br />
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So, if you find yourself in a case before an administrative agency, you should invest the resources to find an experienced lawyer to help you.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-65438220210272342622011-08-27T08:51:00.000-07:002012-09-27T17:19:03.540-07:00Non-Probate Assets Are an Important Part of Your Plan<a href="http://www.digitaljournal.com/pr/403016">This article</a> reminds us of how important it is to make sure you are naming your beneficiaries properly. Pay on death accounts or accounts with a death beneficiary are an important part of your estate plan. They are meant to pass property, such as life insurance proceeds, or retirement accounts, without the need to go through the probate court. But, since they are not governed by the court, you need to make sure that you are naming your beneficiaries properly. <br />
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For example, when I have a couple with young children, I normally recommend a living trust as the corner stone of the estate plan, so money can be managed for the children should the parents meet an early demise. But, for most young couples, their "wealth" will be held in pay on death accounts like life insurance. For the plan to work, the couples have to change their beneficiaries to the trust. <br />
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Likewise, it is important on major life events to change the beneficiaries of the accounts. Such events include a marriage, a divorce, a death in the family, or some similar event. It is a good idea to review the beneficiaries regularly to make sure your estate plan is working the way you intend it to work. <br />
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William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-73972771881680600872011-08-18T20:59:00.000-07:002012-09-27T17:20:08.078-07:00Young Families Need a Good PlanEstate planning is not just for more established people, who want to direct who gets their money. Families with young children have special reasons to plan. Parents need to plan to make sure that their children are protected and cared for. <br />
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Your estate plan is not just about money. You can name whom you want to act as the guardian of your minor children should you meet an early demise. This avoids leaving the decision entirely to a judge who knows nothing about you. Your estate plan can include instructions to your child's guardian on how you would want your children raised, and what values are important to you. <br />
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For a young family, a good estate plan should also include a method to manage money until the child reaches an age when he or she can be more responsible. This is often done through a trust, which can act as the beneficiary for insurance policies and retirement accounts. You can appoint a trusted person to manage the money, and instruct that person to cooperate with your child's guardian. <br />
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Young families should contact an attorney early, and make sure that their children are protected.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-43474002670197796312011-08-17T20:29:00.000-07:002012-09-27T17:21:25.722-07:00Even Those With Less Than $1 Million Need to Plan<a href="http://www.crestonnewsadvertiser.com/articles/ara/2011/08/08/8059340102/index.xml">This article</a> explains what estate planning is, and why even those without $1 million need to plan. For Virginia residents, anyone with more than $50,000 in assets needs to plan. I have seen estates worth around $100,000 incur over $10,000 in estate administration costs. Spending $2,000 or less to consult with a lawyer can save both the expense and the hassle.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-34184874529376128112011-08-11T05:06:00.001-07:002012-09-27T17:22:33.328-07:00Article on Why Women Need to Do Estate PlanningMore and more of the clients coming to me to consult about estate planning are women, which I think is a good sign. Whether it's to plan after a divorce, to protect from the credit problems of a spouse, or just to make sure that minor children are protected in the event of something tragic, it is extremely important that women explore their options and take action. <a href="http://www.forbes.com/sites/deborahljacobs/2011/08/09/nice-girls-talk-about-estate-planning/">This article in Forbes</a> is a good explanation of the importance of estate planning.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-45389988084449971722011-08-10T22:42:00.000-07:002012-09-27T17:23:09.907-07:00The 25 Documents You Need Before You Die<a href="http://online.wsj.com/article_email/SB10001424052702303627104576410234039258092-lMyQjAxMTAxMDAwNzEwNDcyWj.html">The 25 Documents You Need Before You Die</a>William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0tag:blogger.com,1999:blog-5904157169194344271.post-7898850204274059432011-02-10T18:20:00.000-08:002011-02-10T18:38:31.599-08:00Rethinking Living TrustsPersonally, I tend to think living trusts are oversold. Some attorneys, looking for fees, try to talk all sorts of clients into creating a living trust when the trusts may not be necessary or even appropriate.<br /><br />The main purpose of a living trust is to avoid probate. Probate is the court proceeding to make sure a person's debts are paid, and then the remaining property distributed to heirs and legatees.<br /><br />But, it may not always be advisable to avoid probate.<br /><br />For example, in Virginia, when the only probate asset a person has is real estate, a living trust may not be the right answer. That is because the real estate passes automatically upon filing the will. There will be a probate tax of $1 per every $1000 of value. But, even if you have a $600,000 house, that amounts to $600 in probate tax, as opposed to a few thousand dollars to set up a living trust.<br /><br />On the other hand, if a person has any appreciable amount of assets other than real estate, a trust may actually make sense and save the estate some money. That is due to the exorbitant filing fees due as the probate process progresses.<br /><br />Probate starts with the filing of the will and qualification of the executor. There are fees associated with this, as well as the probate tax. But, then, the executor will be required to file an inventory, setting forth the assets of the estate. On an estate worth less than $100,000, the filing fee in Fairfax County for the inventory is $166.<br /><br />After the inventory, the estate is well advised to request a debts and demands hearing, which involves a newspaper notice. This process can add a cost of about $300.<br /><br />Then, the executor must file accountings. In Fairfax County,a first accounting of an estate worth between $50,000 and $100,000 will incur a filing fee of $416.<br /><br />When you add fees for a lawyer and an accountant to all of this, you could easily find that probate will cost over $6,000 even if the assets are worth less than $100,000. Given this analysis, a living trust to avoid probate may make sense.William J. Kovatch, Jr.http://www.blogger.com/profile/09727246163087206235noreply@blogger.com0