Estate and Trust Administration

The Law Offices of Jay B. Jackson, PLLC serves individual clients who seek to transfer assets efficiently to their chosen beneficiaries. As a part of our private client and estate planning services, we help clients consider the impact of federal income, estate, gift and generation-skipping transfer taxes on the transmission of wealth. We develop and implement strategies that can achieve tax savings by establishing trusts for the benefit of family members. We can also advise individuals and families about the many forms of charitable giving that may be used to reduce taxes.

One of the most crucial parts of estate planning is selecting the right individuals to handle affairs after one’s death. Many aspects such as wills and trusts require executors and administrators to determine the handling of those documents. The probate process also requires a chosen administrator, known as the personal representative if a will was left behind, to assemble all the decedent’s assets, pay any remaining bills like funeral costs and taxes, and distribute what is left. The Law Offices of Jay B. Jackson can work together with your chosen personal representative and administrators and help you understand the process better.

Unfortunately, there will be occasions when someone contests or disputes a provision made to a will or the appointment of a personal representative. This action is known as probate ligation, as it occurs in response to the probate process handled by county circuit courts. We can guide you through the complex process of probate litigation and the statutes of limitation associated with it and try to find a solution that will reconcile the demands of all parties involved.

Our team stands ready to serve as your fiduciary or represent your fiduciary, beneficiary, creditor, or other entity connected to your estate. Our goal is to provide the diligent legal protection that helps you come out ahead with services that include:

· Advising fiduciaries on all aspects of estate and trust administration, spousal rights and liability, and properly paying estate obligations

· Assisting fiduciaries in obtaining relief from further liability when distributing the estate

· Obtaining tax-qualified status for charitable trusts or foundations

· Preparing estate tax– and fiduciary income tax returns

· Representing the Estate or Trust before the Internal Revenue Service on valuation and other tax issues

If you or a loved one has questions regarding estate planning in Virginia, our law firm can help. We are nearby in Fredericksburg. Give us a call today at 540-322-1928.