Transfer on Death Deeds: Additional Probate Avoidance Planning
Effective July 1, 2013, the Virginia legislature adopted Virginia Code Sections 64.2-621, et seq. which authorized the creation of transfer-on-death (TOD) deeds. Under the new law, an owner of real property (identified as a transferor) may execute a TOD deed which will transfer his or her property to one or more beneficiaries effective at the time of the transferors death. The TOD deed does not otherwise affect the tranferors rights to the property during his or her lifetime. Additionally, the transfer at death occurs outside of the probate process.
By Philip L. Hatchett and Private Client Services
Credit Union Legal Predictions - 2014
The nationally recognized Kaufman & Canoles Credit Union Team is once again revealing our top predictions or major legal challenges for credit unions in 2014. At Kaufman & Canoles we believe that legal fees for credit unions need to be better managed, controlled and hopefully even reduced.
By E. Andrew Keeney, Brian O. Dolan, Erin Deal, Dustin H. DeVore, Marc E. Darnell and Alfred M. Randolph Jr.
Credit Union Legal Update - Winter 2014
- Borrowers Bad Faith and Emotional Distress Claims Against Foreclosing Credit Union Dismissed
- Anti-Deficiency Statute Does Not Bar $1.35 Million Suit Against Guarantor
- Denying Loan Modication Did Not Violate HAMP or Borrowers Due Process Rights
By Brian O. Dolan
Matthew B. Chmiel Named Partner at Kaufman & Canoles
Kaufman & Canoles is pleased to announce that Matthew B. Chmiel has become a partner of the firm.
About Matthew B. Chmiel
Stephen E. Noona Inducted to Virginia Law Foundation Class of 2014
Kaufman & Canoles is pleased to announce that Stephen E. Noona has been inducted into the 2014 Class of Fellows of the Virginia Law Foundation. Induction into the Foundation recognizes excellence in the practice of law and public service and is limited to one percent of the active and associate membership of the Virginia State Bar.
About Stephen E. Noona
54 Kaufman & Canoles Attorneys Named to Virginia Business Magazine's Legal Elite 2013
Kaufman & Canoles is pleased to announce that 54 of its attorneys were selected for inclusion in Virginia Business Magazines 2013 Legal Elite.
About Debra C. Albiston, Aaron J. Ambrose, Allison W. Anders, Stanley G. Barr Jr., Robert J. Barry, Dale Truitt Berrett, John M. Bredehoft, Kristan B. Burch, Paul K. Campsen, James W.C. Canup, R. Johan Conrod Jr., Ann K. Crenshaw, Marc E. Darnell, Gregory R. Davis, Jason R. Davis, David M. Delpierre, Terry C. Frank, Paul W. Gerhardt, David B. Graham, Laura Geringer Gross, Bradley A. Haneberg, Nicole J. Harrell, Philip L. Hatchett, R. Braxton Hill III, David Kamer, Kirkland M. Kelley, Scott W. Kezman, Charles E. Land, Dennis T. Lewandowski, Jeffrey L. Marks, Vincent J. Mastracco Jr., T. Braxton McKee, Charles V. McPhillips, Christopher J. Mugel, Christy L. Murphy, Terence Murphy, E. Duffy Myrtetus, Stephen E. Noona, Patrick H. O'Donnell, Alfred M. Randolph Jr., Jonathan B. Reed, Winthrop A. Short Jr., Hunter W. Sims Jr., Robert E. Smartschan, Anna Richardson Smith, W. Edgar Spivey, Jeffrey M. Stedfast, Stephen E. Story, Timothy O. Trant II, William R. Van Buren III, Lewis W. Webb III, Kevin A. White, Burt H. Whitt and James L. Windsor
Kaufman & Canoles Represents Wheeler Real Estate Investment Trust in Initial Public Offering
Kaufman & Canoles, P.C., is pleased to announce that Wheeler Real Estate Investment Trust, Inc. (WHLR), successfully completed the initial public offering of its common shares on the Nasdaq Capital Market.
About Charles E. Land, Bradley A. Haneberg and Jonathan B. Reed
Kaufman & Canoles Represents Bank of America in Financing of New Retail at Williamsburg Pottery
Kaufman & Canoles recently served as bank counsel in connection with a $10,000,000 loan by Bank of America, N.A. to finance the development of three new retail buildings for the Williamsburg Pottery in Williamsburg, Virginia.
About Otto W. Konrad
Kaufman & Canoles Represents Taylor Farms in Conditional Use Permit Application
Kaufman & Canoles recently represented Taylor Farms Land Company, LLC in its application for a conditional use permit before the Virginia Beach City Council to allow a large scale sand borrow pit on a portion of its property.
About Ann K. Crenshaw