Legal Question in Wills and Trusts in Virginia
My husband and I want to "gift" our son with money for a down payment on a house in Virginia. However we don't really want it to be considered community property. Is there a way we should present this?
1 Answer from Attorneys
Suggest you talk to an attorney who handles Federal/VA estate planning and Federal/VA taxation matters. Information will need to be assembled and carefully reviewed for a proper analysis and gift distribution plan to be implemented. An experienced estate/tax attorney in VA should be able to handle this type of matter and to protect the interests of the client. Please note that, in accordance with the VA Code of Professional Responsibility for Attorneys, a signed engagement letter is necessary in order to engage my legal services. If I can be of any help to you or people you know, contact me as I would be pleased to provide tax/legal support.
Sincerely,
Bob Beatson, 12-2-2015, 9:10 p.m. EST
Law Offices of Robert Beatson II, 9818 Glynshire Way, Potomac, MD 20854
Email: [email protected]
Website: www.beatsonlaw.com
Practice areas: Tax, business law, computer/high tech/biotech law, intellectual property, trusts/estates/wills, real estate, litigation, mediation.
Licensed to practice law in: DC, MD, VA, and NY.
ABA Member since 1980