Estate Planning, Administration & Wealth Transfer Attorneys
Related Practices
You’ve invested extraordinary amounts of time, effort and determination to achieve security, build a business or provide for loved ones. Now it may be time to consider making a modest investment in planning for your legacy. Without planning and proper documentation, much of what you have worked to accomplish may dissipate on your death in ways you never intended. Nearly half of your assets may be consumed by taxes. Your spouse may end up with a third or less of your property. Your business may have to be liquidated.
Estate Planning Strategies – Wills and Trusts
Bean, Kinney & Korman can help you take stock of your estate, define and organize your objectives, and develop appropriate strategies to best suit your desires. Although taxes may not be entirely avoidable, they can be minimized. To the extent specific circumstances allow, spouses and other dependents may be assured of support and maintenance. Our attorneys are adept in preparing wills and trust documents in Virginia, Maryland and the District of Columbia that work together to accomplish your goals.
Business Succession Planning
We also undertake succession planning with our clients who want to provide for the continuation of their business enterprises as a legacy for the next generation. The capabilities of our business, real estate and tax practices contribute to developing a comprehensive roadmap, resulting in a tax efficient and practical transfer of enterprise ownership and control.
Wealth Transfer Strategies
Trusts can serve a variety of useful purposes for individuals apart from their estate planning objectives. They may be used to transfer wealth to subsequent generations, on terms that promote its responsible use. They may be used to provide for dependents who are incapable of taking care of themselves. They may be special needs trusts, created to ensure that beneficiaries who are disabled or mentally ill receive gifts or other funds without losing any government benefits to which they may be entitled.
A well-conceived and skillfully arranged trust may advance any number of your aspirations for the future use and disposition of your assets. We provide thoughtful and practical counsel on trust formation, assisting our clients in constructing workable and effective trust structures.
Providing for Incapacity
You should consider the possibility of your incapacity and the extent to which you want extraordinary life-extending measures taken in the event of a terminal illness or injury. Our lawyers can help you address these circumstances with a durable power of attorney and an advance medical directive.
Estate Administration Services
Taken together, your will, trust documents and personal directives allow you to determine in advance what happens to you and your estate in the event of death or disability. When your estate representatives and trust fiduciaries have to take on their responsibilities, we provide knowledgeable and responsive assistance in the process of estate and trust administration. We can help guide them through the intricate requirements of tax compliance, accounting and closure. We also provide representation of executors and administrators who are administering decedent’s estates related to personal injury, wrongful death or class action suits and to guardians of minors’ estates.
Reported Cases
Principal drafter of the brief of appellee. The D.C. Court of Appeals upheld the dismissal of claims based on plaintiff's failure to respond to discovery and established the standards for invalidating wills in the District of Columbia based on allegations of fraud and undue duress.
Published Articles
- March 2017
- BKK Wills, Trusts & Estates Newsletter, November 2015
- BKK Wills, Trusts & Estates Newsletter, November 2015
- BKK Wills, Trusts & Estates Newsletter, November 2015
- BKK Wills, Trusts and Estates Newsletter, February 2015
- BKK Wills, Trusts and Estates Newsletter, December 2014
- BKK Wills, Trusts and Estates Newsletter, December 2014
- BKK Wills, Trusts and Estates Newsletter, December 2014
- BKK Wills, Trusts and Estates Newsletter, August 2014
- BKK Wills, Trusts and Estates Newsletter, August 2014
- BKK Wills, Trusts & Estates Newsletter, May 2014
- BKK Wills, Trusts & Estates Newsletter, May 2014
- BKK Wills, Trusts & Estates Newsletter, May 2014
- BKK Wills, Trusts & Estates Newsletter, February 2014
- BKK Wills, Trusts & Estates Newsletter, February 2014
- BKK Wills, Trusts & Estates Newsletter, November 2013
- BKK Wills, Trusts & Estates Newsletter, November 2013
- BKK Wills, Trusts & Estates Newsletter, November 2013
- BKK Wills, Trusts & Estates Newsletter, August 2013
- BKK Wills, Trusts & Estates Newsletter, August 2013
- BKK Wills, Trusts & Estates Newsletter, August 2013
- BKK Wills, Trusts & Estates Newsletter, August 2013
- BKK Wills, Trusts & Estates Newsletter, May 2013
- BKK Wills, Trusts and Estates Newsletter, February 2013
- BKK Wills, Trusts and Estates Newsletter, February 2013
- February 2013
- BKK Wills, Trusts and Estates Newsletter, February 2013
- BKK Wills, Trusts and Estates Newsletter, November 2012
- BKK Wills, Trusts and Estates Newsletter, August 2012
- BKK Wills, Trusts and Estates Newsletter, August 2012
- Expert Views, Financial Advisor Magazine, August 2012
- Arlington Animal Welfare League's Pawpourri, Spring 2012
- BKK Wills, Trusts and Estates Newsletter, May 2012
- BKK Wills, Trusts and Estates Newsletter, May 2012
- BKK Wills, Trusts and Estates Newsletter, May 2012
- BKK Wills, Trusts and Estates Newsletter, February 2012
- Masonry Magazine, January 2012
- BKK Wills, Trusts and Estates Newsletter, November 2011
- Masonry Magazine, September 2011
- Financial Advisor Magazine, June 2011
- BKK Business Law Newsletter, January 2011
- BKK Wills, Trusts and Estates Newsletter, November 2010
- BKK Wills, Trusts and Estates Newsletter, November 2010
- BKK Wills, Trusts and Estates Newsletter, November 2010
- How to Help Clients with Mentally Impaired Family MembersFinancial Advisor Magazine, August 13, 2010
- BKK Business Law Newsletter, July 2010
- BKK Wills, Trusts and Estates Newsletter, March 2010
- BKK Wills, Trusts and Estates Newsletter, December 2009
- BKK Wills, Trusts and Estates Newsletter, August 2009
- BKK Wills, Trusts and Estates Newsletter, August 2009
- BKK Business Law Newsletter, January 2009
- VLTA (Virginia Land Title Association) Examiner, Summer 2004
News
- January 2018
- JD Supra Law News, February 7, 2014
- MemoryBanc, July 29, 2013
- Case: Frozen Embryos: Uncharted TerritoryNorthern Virginia Magazine, December 2011
- April 4, 2011
Seminars & Events
- Online, January 21, 2021
- Done with Divorce SeminarOnline, November 18, 2020
- Online, October 14, 2020
- Nostos Restaurant, Vienna, VA, November 7, 2019
- Estate PlanningWeWork 80 M Street Southeast, Washington, DC 20003, August 21, 2019
- Estate PlanningWeWork 641 S Street Northwest Washington, DC 20001, May 15, 2019
- Arlington, VA, May 8, 2019
- Westover Library, Arlington, VA, May 7, 2019
- Centreville High School, Clifton, VA, February 26, 2019
- Virginia Society of CPAs, October 29, 2015
- McLean Community Center, October 14, 2015
- Wills, Trusts and You (Whose Life is it Anyway?)National Science Foundation, July 10, 2014
- "Special Needs Planning" PresentationBethesda, Maryland, April 9, 2013
- Special Needs Planning FairRockville, Maryland, February 23, 2013
- "Smart Families, Smart Planning" PresentationRockville, Maryland, October 24, 2012
- June 13, 2012
- "It’s the Law! Understanding Wills, Trusts and Powers of Attorney"National Science Foundation, May 9, 2012
- 1608 Russell Road, Alexandria, Virginia, January 22, 2012
- "Estate Planning for Special Needs Families"Alexandria, Virginia, June 5, 2011
- "Estate Planning for Children"Alexandria, Virginia, March 29, 2011