Fun Fact Friday: Debt Forgiveness = Income
From the IRS website: Generally, if you borrow money from a commercial lender and the lender later cancels or forgives the debt, you may...
May 16, 2014
Fun Fact Friday: New Virginia Resident Drivers Licenses
If you have just moved to Virginia, welcome! Your new home state - er, commonwealth - gives new residents 60 days to obtain a Virginia...
May 9, 2014
Fun Fact Friday + PSA: Lynchburg City Council Election next week!
Three City Council at-large seats will be elected on Tuesday, May 6. Polls will be open from 6:00 a.m. until 7:00 p.m. (More...
May 2, 2014
Fun Fact Friday: Accidental Partnership Formation
Did you know that you can form a partnership without a formal agreement? Actually, it is possible to form a partnership without even...
Apr 24, 2014
Fun Fact Friday: Adult Adoption
In Virginia, one adult can adopt another adult, subject to certain conditions. The person to be adopted must fall into one of four...
Apr 18, 2014
It's Health Care Decisions Day in Virginia!
This video does a great job of showing why you should think about your health care decisions and what actions you can take to help plan...
Apr 16, 2014
Fun Fact Friday: Transfers to Minors
In Virginia, minors are considered by law to be "incapacitated." This means, in effect, that they cannot receive property from a...
Apr 11, 2014
Fun Fact Friday: Gardening . . . and the law?
Spring is officially here; gardeners, rejoice! One of the difficult things about gardening is keeping animal visitors away. What's a...
Apr 4, 2014
Fun Fact Friday: The Checking System
The checking system (how our checks work) is governed by a complex set of rules. Though not strictly related to estate planning, many...
Mar 28, 2014
Fun Fact Friday: Estate Tax
After a person dies, his property and assets turn into his "estate." The federal government takes a part of his estate -- an estate tax...
Mar 21, 2014
