Parker, Pollard, Wilton, and Peaden - Attorneys at Law

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Firm News

Firm Makes Management Changes Effective January 1

Paula L. Peaden and Stephen E. Scarce have been named managing directors of the firm. Peaden is chair of the trust and estate, elder law, and tax section, and Scarce is chair of the business, real estate, and litigation section. Meredith L. Yoder has been named administrative director and general counsel. H.R. (Harry) Pollard IV remains chairman of the board, and Donald […]

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Parker, Pollard, Wilton & Peaden has opened a second office at 12090 W. Broad Street in the Xenith Bank building, located at the intersection of West Broad and Gayton Road.  According to managing partners Stephen E.  Scarce and Paula L. Peaden, the new office was opened as an added convenience for the firm’s clients in […]

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The Effects of Divorce on Your Estate Plan

Divorce is an unfortunate reality for over half of all married couples.  From a legal standpoint, divorce sets changes in motion that can affect not only your life, but also your legacy. Divorce allows each person the legal right to re-marry and new children and/or step-children may come into the picture. Property division can be […]

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Leave a Legacy of Love with Three Essential Documents

It’s rather astonishing when celebrities, professional athletes, and other famous or wealthy individuals do not leave a will.  A will states one’s wishes as to how property is to be distributed at death, and names an executor or executors to manage the estate until its final distribution. This year’s untimely death of a famed musician […]

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Don’t Overpay – Draft or Revise Your Trust Today

Avoiding probate court can save a grieving family the time, money and frustration that come with probating the deceased’s estate. One of the most valuable estate planning tools for avoiding probate court is a revocable living trust. You can protect virtually any type of asset you own from probate costs by establishing a revocable living […]

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U.S. Government Simplifies Real Estate Forms for Consumer Protection

  Anyone who bought real estate prior to August 1, 2015 may recall the legal-sized HUD-1 settlement statement presented at closing. That form has been replaced by the TRID ”Closing Disclosure”, which eliminates the need for a separate truth in lending document. The government’s intent is to help consumers better understand their mortgage terms and make comparisons with other potential […]

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Why Do I Need Title Insurance?

Are you thinking about buying a home? Between lender’s fees, mortgage insurance premiums, escrow deposits, and recording taxes, closing costs can total thousands of dollars. Consequently, homebuyers often wonder whether title insurance is an unnecessary expense. For several reasons, we almost always advise our clients that title insurance is not the place to cut corners. […]

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What is a Residential Real Estate Closing?

If you are selling or purchasing real estate in Virginia there are many things you should know before, during, and after the closing (known as settlement). “Closing” and “settlement” are interchangeable terms used to describe the completion of a real estate sales transaction. The goal of every real estate transaction is to “close the deal.” Before […]

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