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June 2018 Archives

Divorce and retirement planning

When couples in Virginia divorce, financial issues are often a major consideration. This is particularly the case when a spouse divorces later in life. By age 50, if not earlier, many people are planning for retirement. The process of asset division and moving into separate households can throw current plans into disarray.

Breaking down the basics of getting a DUI in Virginia

Alcohol consumption in America has been highly regulated since ending prohibition in 1933. The laws vary from state to state, but there are legal consequences that span jailtime and legal fees depending on the type of alcohol related offense. If you are facing DUI charges, it is normal to seek legal relief and protect your personal record.

Estate planning for art and collectibles

Art collectors in Virginia may have special concerns to address during the estate planning process. There are an array of tax laws that apply to these types of assets, which can carry significant sentimental value in addition to their assessed value. In fact, many collectors consider their art collections to be an appreciating investment.

Reasons for estate planning

Virginia residents should understand that estate planning is a way to make sure that their financial assets are managed and protected in a manner that is in accordance with their wishes. It can be used to minimize the various taxes that can be assessed, including gift, individual and estate taxes. Regardless of the size of their estate, everyone who possesses assets should develop an estate plan.

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The Law Office of C.W. Roop, PLLC
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