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Sister Who Made Brother’s Mortgage Payments Not Allowed Interest Deduction

“As a general rule, interest paid by individuals is not tax deductible. A principal exception to the general rule allows a deduction for “qualified residence interest,” i.e., interest with respect…

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ThompsonMcMullan Selected to U.S. News and World Report’s 2020 “Best Law Firms” List

ThompsonMcMullan is pleased to report inclusion in U.S. News and World Reports “Best Law Firms” 2019 list. The firm ranked in the following: Metropolitan Tier 1 in Richmond for: Commercial…

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Reverse Mortgages Can Pose Problems for Heirs

Reverse mortgages can be a big help to seniors needing extra cash- but they can become a nightmare for their heirs. Heirs who don’t know their rights may be faced…

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Can Mom Make Changes to Her Will Even Though She Has Dementia?

Signing a will while having dementia does not automatically make a will invalid. In order for a will to be valid- the person signing must have “testamentary capacity-” which means…

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Execute a Power of Attorney Before It’s Too Late

A durable power of attorney is an extremely important estate planning tool- even more important than a will in many cases.  This crucial document allows a person you appoint —…

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How Will the New Tax Law Affect You?

While most of the new tax law – the Tax Cuts and Jobs Act – has to do with reducing the corporate tax rate from 35 percent to 21 percent- some…

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Understanding Medicare’s Hospice Benefit

Medicare’s hospice benefit covers any care that is reasonable and necessary for easing the course of a terminal illness. It is one of Medicare’s most comprehensive benefits and can be…

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Acquiring a Business: An Overview

One of the many things I love about handling business sales and acquisitions is that every deal is different. As counsel, a lot of creative problem solving is required to…

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Some Nursing Homes and Assisted Living Facilities Are Snatching Residents’ Pandemic Relief Checks, FTC Warns

The Federal Trade Commission (FTC) is warning residents of long-term care facilities and their families that some facilities may unlawfully require residents who are on Medicaid to sign over their…

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Elder Law Basics CLE

Carolyn White co-taught CLE sponsored by Virginia CLE on Elder Law Basics. This class was geared for other lawyers to expand or refresh their knowledge of this fast-growing field of…