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Tag Archives: Wills & Trusts

New ‘trust protector’ role is emerging in state (access required)

Lawyers setting up trusts for clients are forging a new role for an advisor charged with seeing that the client’s original intent is carried out: trust protector. Broadly speaking, the trust protector does not have a day-to-day role in managing ...

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‘Interested’ Trustees May Not Terminate Trust (access required)

Co-trustees may not terminate a trust due to “defendant’s persistent and repeated requests for documentation and accountings” by the trustees, says a Richmond Circuit Court. Plaintiffs allege these persistent requests cost the trust unnecessary time and expense, including legal fees. ...

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Sister wins $1.4M in suit against brother over mom’s estate – $1,422,523 Verdict (access required)

Plaintiff filed suit naming three defendants: 1) plaintiff’s brother in his capacity as the administrator of their mother’s estate, 2) plaintiff’s brother individually, and 3) plaintiff’s sister-in-law. The case involved the defendant brother/son obtaining funds from his parents’ trusts in ...

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Res Judicata Bars Suit Against Law Firm (access required)

After another circuit court sustained pleas in bar filed by defendants in this lawsuit, preventing three claims relating to defendant’s representation of plaintiffs of a decedent’s estate from going forward, the Richmond Circuit Court says the current suit is barred ...

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Basic estate and long-term planning a must for LGBT seniors (access required)

Virginia does not recognize same-sex marriages or domestic partnerships, and also does not recognize the validity of same-sex marriages or domestic partnerships entered into in other states. As a result, the lesbian, gay, bisexual, and transgender (LGBT) population of Virginia ...

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