Rhodes & Butler, PC, lawyers in Roanoke, VA, Virginia

Trusts, Public and Private - II

An express trust is either public or private. A public trust, also known as a charitable trust, is an express trust created for a charitable purpose. If an express trust is not a charitable trust, it is deemed to be a private trust. A private trust is an express trust created to benefit a few persons. This article discusses some aspects of public and private trusts.More...

State Death Taxes - Returns and Allocation

Each state usually has its own forms for inheritance-tax or other death-tax returns. Obtain these forms at the earliest possible date so that you will be aware in advance of your responsibilities and can accumulate the necessary information during the administration of the estate. As soon as reasonably possible, become familiar with the time requirements for filing the state death-tax returns. Some states give a discount for early payment, and this early payment can be due several months after death. The tax return often is due in less than a year, with penalties for late payment. More...

Failing to Make and Leave a Will

Although estimates vary, it's pretty safe to say that more than 50 percent of the people who could make and leave a will fail to do so. More...

Trust Apportionment

When a trustee receives a distribution, it can be difficult to determine whether he should pay it to the beneficiary or add it to the "corpus" (the trust property). More...

Resulting Trusts

Trusts are sometimes classified by the intent, if any, of the settlor to create a trust. This article discusses the kind of trust for which the settlor's intent is implied: the resulting trust.More...