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IRA Beneficiary Trusts March 29, 2017

IRA Beneficiary Trusts Many people use Individual Retirement Accounts (“IRAs”) as an investment tool when planning for retirement.  Like any other asset, IRA owners have the right to name whomever they wish to be the beneficiary of the account.  If you have significant assets, you might want to consider setting up a trust that is …[Read More]

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Estate Planning After Divorce February 14, 2017

Estate Planning After Divorce Talking about, and planning for Estate Planning After Divorce is generally considered an off-putting conversation, and is often afforded low-priority status for most individuals. This rings especially true for people going through the emotional and financial turmoil that is divorce and the necessary changes to an estate plan that must follow.  However, …[Read More]

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The Basics of Mechanic’s Lien Priority January 12, 2017

The Basics of Mechanic’s Lien Priority Mechanic’s lien priority functions differently than the priority of other types of liens. As is generally the case, a lien priority is typically determined by the timing of their filing. For example, the first lien filed with the Recorder of Deeds will be the first mortgage, which carries with …[Read More]

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What Is A Term Sheet? January 11, 2017

WHAT IS A TERM SHEET? A term sheet is the first material written document that passes between a potential buyer and a potential seller in a business transaction. It can range in length and format, although some conventions have developed over time governing what elements are important to include in the document. A term sheet is …[Read More]

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Guide to Elder Law December 6, 2016

Elder law is focused on addressing the issues faced by people over the age of 55 as well as their families. The practice of elder law involves preparing each client to deal with the complex issues that arise as we grow older through discussion. There are many legal options available to manage future age-related mental …[Read More]

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Why Bother With Business Succession Planning October 16, 2016

Why Bother With Business Succession Planning? Business succession planning is one of the most important things the owner of any business can do. There are five compelling and universal reasons to plan for the succession of your business: (A) Taxes If the business owner has no plan for succession at the time of his or …[Read More]

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Probate In The District of Columbia October 14, 2016

When a person in the District of Columbia wishes to open and disburse a probate estate they must follow the steps and procedures set forth in the District of Columbia Code Title 20, §§ 100 – 1305 and summarized below. First, the interested party must file a petition for probate with the probate court. Interested …[Read More]

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Estate Tax For Resident Aliens October 13, 2016

Estate Tax For Resident Aliens Each year, the number of resident aliens in the District of Columbia swells as flocks of individuals, diplomats, and business professionals come to Washington, D.C. for either short­term assignments, as long term residents, or as part of a plan to one day become a U.S. citizen. Through globalization, the world has …[Read More]

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When It’s Time To Remove A Trustee October 13, 2016

When It’s Time To Remove A Trustee? Selecting a trustee is no small matter or easy choice. Make a bad selection and the results can be disastrous. While it seems obvious that the selection of a trustee is one of the most important choices a person setting up a trust will make, unfortunately most people breeze …[Read More]

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Mechanic’s Lien Priority (Part III) October 13, 2016

Mechanic’s Lien Priority Explained (Part III) A very common question that I am often asked is “What is mechanic’s lien priority?” For contractors as well as real estate owners, the priority of a mechanic’s lien is of paramount importance and the answer regarding mechanic’s lien priority may surprise you. As is generally the case, the …[Read More]

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