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News
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Private Client Services Update - Incapacitated Without a Power of Attorney . . . Where Do We Go From Here?
Many people, for a variety of reasons, become unexpectedly incapacitated without having executed a well-drafted Power of Attorney authorizing his or her designated agent(s) to act in the event that he or she is unable to manage and conduct his or her affairs. Whether it is because of denial, procrastination or simply due to the fast-paced lives we live today, it is not uncommon for individuals to have overlooked this critical issue in connection with their financial and personal planning.
By Vonda W. Chappell and Private Client Services Group
Information for Kaufman & Canoles Clients in Light of Estate Tax Repeal
Effective January 1, 2010, the federal estate tax has been eliminated. Confusingly, next year on January 1, 2011 the estate tax returns, with an exemption only for estates under $1 million. When Congress enacted these changes back in 2001, estate and tax planners widely predicted that Congress would never allow the estate tax to end, but in fact Americans now find themselves facing an estate tax law which is changing, frustratingly complex and extremely difficult to plan for. In these unprecedented times, the lawyers of the Kaufman & Canoles Private Client Services Group want to provide you with this update and some concrete suggestions for reacting to the current law.
By Gregory R. Davis and Private Client Services Group
Private Client Services Update - Asset Protection
In these litigious and debt-stressed times, more and more high net worth clients are asking their financial and estate planners to address protection of assets from creditors. Lawyers have responded by creating asset ownership structures which are designed to thwart creditors liens and claims. Legislators have also reacted, creating innovative laws in a number of states aimed at allowing individuals to avoid attachment of assets. It is important to have a basic understanding of the techniques available to clients in protecting assets, and it is equally valuable to understand that not every person needs extensive asset protection planning.
By Gregory R. Davis and Private Client Services Group
Press Releases
2 K&C Attorneys Named in Corporate Counsel Edition of Super Lawyers 2010
Kaufman & Canoles, P.C. is pleased to announce that Stanley G. Barr Jr. and Hunter W. Sims Jr. were selected as the top attorneys in business litigation for inclusion in Virginia Super Lawyers, Corporate Counsel Edition 2010.
About Stanley G. Barr Jr. and Hunter W. Sims Jr.
Kaufman & Canoles Announces New Partners (2010)
Kaufman & Canoles is pleased to announce that Marc E. Darnell and Timothy O. Trant II have become partners of the firm.
About Marc E. Darnell and Timothy O. Trant II
Alfred M. Randolph Jr. Inducted to Virginia Law Foundation Class of 2010
Kaufman & Canoles, P.C. is pleased to announce that Alfred M. Randolph Jr. has been inducted into the 2010 Class of Fellows of the Virginia Law Foundation.
About Alfred M. Randolph Jr.