Blog Posts in 2018

  • Can You Probate a Missing Will?

    June brings the end of the school year and the beginning of summer. JGB just celebrated its 9 th birthday and we hope all our clients and friends are all doing well and are enjoying the Virginia spring. Note to our professional advisor friends: Please ‘save the date’ for JGB’s annual three-hour CE class this fall on the following afternoons (details to follow later): September 12: Virginia Beach ...
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  • Buy-Sell Agreements and How to Fund Them

    Buy-Sell Agreements are key documents that any business should have to establish the contractual obligations and rights of the owners at specific triggering events; e.g. death, divorce, bankruptcy, disability and/or retirement of an owner. Any good Buy-Sell agreement will have certain provisions such as establishing the priority for who can purchase an interest and a method to establish the ...
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  • A Cautionary Tale: Beneficiary Designations

    At Johnson, Gasink & Baxter, LLP every client with a trust-based plan has been given custom advice and instruction on “funding” their trust with their assets. Unfortunately, not everyone gives trust funding its due respect, and some clients fail to fully fund their trusts. When it comes to funding a trust, I can provide the advice and direction, but the responsibility is really on the client to ...
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  • Can the Bank Make Me Refinance?

    Heirs and beneficiaries often call the firm asking whether they need to refinance when they inherit property. Many worry they could not qualify for a loan on the property they inherited. Although the law regarding forced refinancing is clear and settled, most folks are unaware of their rights. Mortgages 101 Most debt is cancelled on the death of the debtor. The word ‘mortgage’ comes from French ...
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    Clients often ask if they should put their vehicle into the name of their trust. The answer, as you may have come to expect from me, is “it depends.” Academically, all currently income taxable assets should be held in your trust in order to avoid guardianship and probate exposure upon a disability or death. However, there are also some practical concerns that should be considered when deciding ...
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  • Choosing a Guardian

    On October 14, 2017, my husband and I welcomed our first child to this world. It has been an exciting—and exhausting—three month transition from a family of two to a family of three. Babies frequently bring both joy and stress to new parents. Dealing with doctor’s appointments, finding a suitable daycare, and ensuring baby is hitting her milestones are all common worries new parents face. ...
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