Rosslyn-based media company Politico is being acquired by the German publishing conglomerate Axel Springer.
The deal is worth around $1 billion, according to initial reports as the news broke this morning.
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Lebanese Taverna Helping to Feed Refugees — From World Central Kitchen: “Today’s scene at Dulles Airport outside DC To support families landing from Afghanistan, the WCK team is here to provide fresh, hot meals upon arrival. People have not eaten in hours — or days — by the time they land. Today’s plates came from @lebanesetaverna.” [Twitter]
Air Quality Alert Today — “The Metropolitan Washington Council of Governments… has issued a Code ORANGE Air Quality Alert Thursday for the DC metro area. A Code Orange Air Quality Alert means that air pollution concentrations within the region may become unhealthy for sensitive groups. Sensitive groups include children, people suffering from asthma, heart disease or other lung diseases and the elderly.” [National Weather Service]
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Many people who look into estate planning ask, “What is the difference between wills and trusts?” While both wills and trusts deal with estate planning, they serve different purposes. In this post, the legal team of PJI Law, PLC, estate planning lawyers from Fairfax, VA, outlines the key principles of wills, trusts, and their role in asset protection.
Wills and Trusts in a Nutshell
Here are the basic features of wills and trusts:
A Will
- Only comes into effect once the will-maker is deceased
- States who will receive the decedent’s assets
- Appoints an executor to carry out the decedent’s wishes
- Is potentially contestable and must go through probate, a legal examination by the court
A Trust
- Can take effect immediately after its creation
- Allows a person or an institution (a “trustee”) to hold assets for beneficiaries
- Can distribute property before or after the trustor’s passing
- Can be irrevocable or revocable/changeable
- Assets in trust generally avoid probate
While we recommend that everyone have at least a will (whether or not you also have a trust), trusts aren’t strictly necessary for all individuals. Trusts are particularly helpful for individuals who have assets that are potentially going through probate, own property across several states, or have minor children.
Wills: the Basics of Estate Planning
A will, also known as a last will and testament, is a legal document specifying how the will-maker wishes to handle asset distribution and other affairs after their death. A will typically includes all of the principal’s assets, such as real estate, vehicles, and other property, and usually a list of debts. A will may also provide directions for a funeral or memorial service.
Usually, every will must go through a probate court before execution. In some states, it may be possible to avoid probate under specific conditions. Certain assets, such as insurance policies and retirement accounts, may, if planned properly, pass directly to named beneficiaries without probate. (more…)
Last month, we asked the question: What will $1 million get you in real estate?
The results varied from three-bedroom homes in Arlington and Alexandria to multi-story six-bedroom homes in Reston and Ashburn.
Mental health shapes how we lead, love, work, parent, communicate, and show up in the world—yet too often, these conversations stay hidden.
This Mental Health Awareness Month, join local nonprofit Rock Recovery for Strength Not Stigma—an unforgettable evening of honest conversation, community, and impact.
Good morning, Arlington. Jo here. It’s Thursday, August 26: National Women’s Equality Day and NBA star James Harden’s 32nd birthday.
Morning Notes
*Mamistad Groups meet IN PERSON-only the introductory Zoom call is virtual. :)
Pregnancy and new mom groups are a lifesaver when it comes to normalizing those feelings we just can’t be prepared for.
A man armed with a pair of knives threatened officers outside Arlington police headquarters Wednesday evening, police said.
The incident happened just before 5 p.m., outside the entrance to the police department on 14th Street N. in Courthouse.
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A parent group that got its start advocating for a full return to school during the pandemic is calling on the Arlington County Democratic Committee to end its School Board caucus.
Arlington Parents for Education (APE), which has been vocal recently in its criticism of School Board leadership and Arlington Public Schools’ American Rescue Plan spending amid the coronavirus, says the caucus — most recently held in May, to determine who local Democrats endorse in the general election — discourages broad election participation and makes officials beholden to the political party.
Peter’s Take is a biweekly opinion column. The views expressed are solely the author’s.
Arlington County government should increase substantially the amount of Arlington taxpayer dollars devoted to providing housing for our lowest income Arlington households — those living on 30% or less of Area Median Income (AMI).
With a membership list that has included five presidents and 19 Supreme Court justices, Washington Golf & Country Club is known as the “Club of Presidents.”
Without the help of one prosperous Arlington doctor, however, the elite club founded in 1893 would have closed in 1906.
Meet Arlington’s latest Pet of the Week, Cthulhu. Cthulhu is a 5-year-old gargantuan aloe plant. Some of her favorite activities include lying in the sun and drinking water.
Here’s what Cthulhu had to say about her life here in Arlington:
Running now through May 23rd, at Gunston Arts Center, Ghost Limb is a timely and haunting examination of authoritarianism set during Argentina’s Dirty War that draws poetic inspiration from the Persephone and Demeter myth. When Consuelo’s son is “disappeared” by the military, she discovers a psychic link between her injured arm and her tortured child-and races to find him before it’s too late.
90 minutes with no intermission