A planned gift can be defined as any major gift that is part of the donor's overall financial or estate plan. Whether the gift involves cash, appreciated stock, real estate or other types of assets, Stone Law Group can assist you with your philanthropic goals, and help you maximize the effect of your charitable gifts through strategic tax planning. We can help you make your lifetime or testamentary gifts in the manner that is most beneficial to both you and the charity, through outright gifts, charitable gift annuities, charitable remainder trusts and other charitable giving vehicles.
Who will control your financial affairs, you or the court and legislature? Having a well thought out estate plan allows you to determine the disposition of your assets and who will handle them. Stone Law Group attorneys have over 50 years of experience assisting clients with developing comprehensive estate plans involving the use of wills, trusts, durable powers of attorney, advance medical directives, and other estate planning documents. Whether your estate is $50,000 or $10 million or more, we work closely with you, your accountant and other financial advisors in crafting an estate plan that is appropriate for you based on your individual goals, concerns and circumstances, without overselling unnecessary documents. We can help you transfer your assets to future generations in an efficient and cost-effective manner.
Stone Law Group regularly assists families that have lost loved ones with the orderly and efficient settlement of their estate in a caring and compassionate manner. We realize that the aftermath of a death is a stressful and emotional time. We can guide you through the probate process, including the probate of the last will and testament, the payment of creditors and the proper distribution of estate assets. We can also assist you with the various court filings and processes and, where appropriate, the preparation of the federal estate tax return. We also have experience and expertise in administering various types of trusts, including revocable, irrevocable and life insurance trusts.
The firm handles both commercial and residential real estate transactions, from the drafting of the purchase contract through settlement. Whether you are purchasing or selling, and whether your transaction is bank-financed, seller-financed or a cash deal, we can lead you through the process, explaining the documents in "plain English." We also assist clients with tax-free "like kind" exchanges under Section 1031 of the Internal Revenue Code.
Judge Learned Hand once wrote that "Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes." From income taxes and capital gains taxes to gift, estate and generation-skipping transfer taxes, the Stone Law Group works with individuals, businesses and tax return preparers in assisting clients to conduct their affairs in the most tax-advantageous way. The firm also represents businesses and individuals before the Internal Revenue Service, assisting them with audits, tax controversies and, where appropriate, negotiating settlements.
Whether you are just starting your business, have been in business for years, or fall somewhere in between, the attorneys at Stone Law Group can advise you in selecting the most appropriate entity, including partnerships, corporations and "S" corporations, and limited liability companies. We can help you form your business, and we continue to be available to help you with ongoing business concerns, including contracts, governance and tax issues. Stone Law Group also assists business clients with the purchase and sale of their business, including both asset acquisitions and stock transactions. Our attorneys serve as general counsel to over two dozen local corporations and LLCs.
Non-profit organizations are subject to a unique set of tax and non-tax requirements. Stone Law Group can help you navigate the often complex regulations in setting up your organization, applying for tax-exempt status and maintaining your tax exemption. We can also assist with registration under Virginia's charitable solicitation laws. In particular, Stone Law Group has significant experience representing churches and other religious organizations.