Registration is required.

Member: Free

Non-Member: $45.00 (1 CLE Credits)

Presenter:

Peyton Farley, Atty with Woods Rogers Vandeventer, PLC
Lynne Marie Kohm, Professor at Regent University School of Law

Speaking Points:

I. Understanding the Problem

a. Intro our work with history of Black Wall Street prior to the massacre in 1921 - business savvy, property value, wealth growth - all destroyed in a day - with no hope from damages litigation, and no state law protection. We proffered there that a trustee could make a big difference in fighting for compensation of lost black wealth, etc.

b. This presentation is a follow on to Empowering Black Wealth in the Shadows of the Tulsa Race Massacre

c. The MYTHS

II. Use of the Law to Create/Preserve Black Wealth

a. Estate planning tools, such as trusts, can be a helpful resource to families to help manage, invest, diversify wealth while protecting privacy and creating legacy.

b. Tools to Protect Black Wealth–Celebrity Mistakes & How to Avoid Them

i. Know the Plan (Flo Jo & Aretha Franklin)

1. Will Requirements in VA- Overview of code and case law on holographic wills

ii. Work the Plan (Michael Jackson)

1. Overview of Trust Code – duties to manage, invest, diversify wealth.

2. Funding the Trust in VA

iii. Plan Early! (Etta James)

1. Power of Attorney – Capacity Requirements in VA, Use of Power of Attorney, Introduction to “Hot Powers” (powers requiring specific provisions)

iv. Consequences of Dying Intestate (Prince & Jimi Hendrix)

1. Overview of Intestacy in VA

v. Rules on Disinheriting Spouses - (Chadwick Boseman & Barry White)

III. Summary & Conclusion

You will receive the course materials and a login information email on August 14, 2023, containing information on how to join the webinar. 

Please contact bar association staff at (757) 622-3152 or

contact@norfolkportsmouthbar.org if you have any questions.

*Application for approval for this course or program is pending with the Virginia Mandatory Continuing Legal Education Board.