We are pleased to announce both shareholders, Kevin B. Rack and Jennifer L. Moccia, have made the 2018 “Top Lawyers” list for Coastal Virginia Magazine and CoVa BIZ Magazine. Look for their “Top Lawyers” listings in the upcoming year-end issues of CoVa BIZ and Coastal Virginia Magazine to see how their peers recognized them in … Continued
“Saving Our Racks” – The attorneys and staff of Rack & Moccia, P.C. are so proud to recognize those who bravely participated in the fund-raising activities of the law firm team in the American Cancer Society’s 2017 “Making Strides Against Breast Cancer” campaign. As co-captains, Wanda Parsons and Tania Dilley organized a chili cookoff, hosted … Continued
Congratulations to one of our shareholders, Jennifer L. Moccia, who has once again been selected by her peers to be included in the combined category of “Taxes, Estates, Trusts, Elder Law” category of “Virginia’s Legal Elite” for 2017.
Kevin B. Rack recently presented “Client Confidentiality in a Digital World: New ABA Ethics Opinion #477” as a part of the 36th Annual Trusts and Estates continuing legal education program hosted in Fairfax, Roanoke and Williamsburg in October. Mr. Rack’s representation clarified for Virginia attorneys the implications of the “technology amendments” to the Rules of … Continued
During its 2016 Session, the General Assembly of Virginia amended its elective share statutes (which allow a surviving spouse to claim a percentage of the augmented estate of the deceased spouse) to include new terms of the Revised Uniform Probate Code. While the previously enacted Code provisions for the determination of an elective share were … Continued
The Justice Department moved Tuesday to fight a federal judge’s order that its lawyers undergo mandatory ethics training, digging in after the DOJ was accused of misleading the courts over President Obama’s immigration executive actions. In filings Tuesday, the department said the order would “far exceed the bounds of appropriate remedies” and would cost the … Continued
In 1999, Randy Read established an irrevocable trust for his children, naming himself as Trustee, and contributed stock options (earned by his wife) worth well over $700,000. Two years later, the trust assets had a value of just over $160,000 and a tax liability of about $122,000. Thereafter, he made distributions from the trust for … Continued
The 2010 Tax Relief Act provides a two-year respite for valuable tax breaks that would have been eliminated after 2010 by sun setting tax rules.
Rev. Rul. 2011-13, 2011-23 IRB
Rev. Rul. 2011-22, 2011-41 IRB