Hugh J. M. Jones, III, P.C. Hugh J. M. Jones, III, P.C.
Lynchburg Law Firm

Create a living trust, protect your assets by avoiding probate

Perhaps you are reaching retirement age, and you wish to create a document that outlines which beneficiaries will receive your substantial assets. Perhaps you want to ensure that your property falls into the correct hands when you pass away, or maybe you have a collection of valuables that you want given to a specific loved one.

Many adults choose to create a living trust to gift large assets to their beneficiaries after they pass away. Yet the need for a living trust extends beyond those who have acquired significant money and property throughout their lifetime. If you wish to protect your assets from probate, or the process of proving that your will is your legal and valid last testament, you want to establish a living trust. Probate does not allow your beneficiaries to receive your assets immediately.

Estate planning: two powers of attorney to consider including

To those not involved in the legal or financial fields, estate planning feels like a monumental job. Because there are so many options for individuals in the Lynchburg area, they often put off the important process. If unexpected death or incapacity occurs, when there's no estate plan, families may be at the mercy of the Virginia judicial system to address finances and other important matters.

Many people feel that if they have a solid will or trust, powers of attorney are unnecessary. This might be true in some cases, but these important legal documents add another layer of security to an existing estate plan.

How can a lawyer assist in forming a Limited Liability Company?

When you decide that it is time to begin the process of business formation in Virginia, one of your first tasks will be deciding how to structure your business. For many, forming a Limited Liability Company (LLC) is the best structuring choice.

However, before going forward with the process, it is important to know what is involved in forming an LLC. Acquiring such knowledge assists in making the right decisions during the business formation phase and for many years thereafter.

Property line disputes: Avoid going to war with the neighbors

Property line disputes can turn good neighbors into serious enemies really quickly, so it's always in your best interest to settle a boundary issue with a minimum of fuss. Otherwise, what starts out as nothing more than a simple mistake can morph into a complicated lawsuit.

Do you think that your neighbor may be encroaching on your land? Here's what you should do to resolve the boundary dispute:

What are some basic elements to include in your estate plan?

Estate planning in today's world seems very complicated to most people. Some estate plans include many complex elements, but it is not as difficult as you may believe to get started on setting up your plan. Many Lynchburg residents choose to start small in the beginning and then add any necessary additional elements as they learn more about the process.

Like any important event or item in a person's life, completing the tasks associated with estate planning may proceed more smoothly by taking a simple approach. Learning which components to start with goes a long way in helping Virginians acquire the estate protections that will best meet their immediate needs.

What Virginia residents should know about the state's lemon law

What is a lemon? It is a tasty yet sour fruit, and it is a defective motor vehicle. Like eating a lemon, purchasing a defective vehicle can leave a sour taste in your mouth. The federal government understands how buying a lemon (not the fruit) can affect your life and your bank account. As such, it has developed lemon laws on the federal level.

State laws addressing lemons also exist, and Virginia happens to have such a law. It's known as the Virginia Motor Vehicle Warranty Act. This law requires the manufacturer of the defective motor vehicle to replace the vehicle or to buy it back from you.

Understanding the rights of bicyclists in Virginia

Summer is one of the best times of the year to take your bicycle out and enjoy what Virginia’s roads have to offer. Unfortunately, there are many drivers in the state that are too impatient or negligent to give bicyclists the space they deserve. In 2017, there were around 670 bicycle crashes in the state. Over 600 of them resulted in personal injuries while 13 of them were fatal. The amount of fatalities is a 30 percent increase over 2016.

Motorists need to respect a cyclist’s rights when they come across each other on the streets. There are many laws in place to try and give cyclists the protection they deserve during their rides. If you plan on putting your helmet on and taking your bike out for a ride near major roads, it is important that you know your rights as a bicyclist if a motor vehicle ends up harming you.

Dealing with insurance companies after a car accident

If you have ever had to deal with an insurance company for any reason, you probably agree that it is challenging, to say the least. When it comes to car accidents, it can be even more challenging to communicate effectively with these companies. You can look at it from the side of the insurer to understand why it can feel so difficult.

Insurance companies are businesses and they have a deep interest in protecting their bottom lines. As a result of this, you can expect a claim denial in some accident scenarios. In our experience as personal injury lawyers serving Lynchburg residents, claim denials are more likely to occur if the victim of a car accident does not have legal representation.

Virginia: A Top Place For Retirees

There are many hopes a person may have regarding his or her retirement, including hopes related to financial security and a high quality of life. Many things can impact what retirement actually ends up looking like for a person. People approaching retirement age here in Virginia might be encouraged to hear that, according to a WalletHub report, the state may be a place particularly conducive to a good retirement.

The report ranked it the No. 5 best state in the country for retirees. The rankings were based off of a score calculated using over 40 factors. These factors were grouped into three categories: affordability, quality of life and health care.

Are you buying an investment property?

The American dream has always been tied to real estate. Owning your own home is a proud achievement for you and your family. Now it is time to get a little further up the property ladder.

People become landlords for lots of different reasons. When you are buying a property for a financial return, you might not think about your future responsibilities. Instead, you may be only focused on researching house prices, lending rates and budgets. Few first-time investors will think they need legal advice. However, it may help you avoid a few basic problems.

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20580 Timberlake Road
Lynchburg, VA 24502-7297

Phone: 434-333-7051
Fax: 434-237-3782
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