A legal guardian is someone who would step in and care for your children if you could no longer do so. Choosing someone as a guardian is one aspect of the estate planning process. Selecting a guardian for your children is an important decision you need to make as a...
Estate Planning
6 situations that require you to adjust your estate plan
A study from CNBC found that 33% of Americans have a current estate plan. These documents are important for securing your family's financial future. However, life is unpredictable, and situations change. You revisit and update your estate plan under certain...
How a power of attorney works in Virginia
In certain circumstances, you may find yourself unable to execute important financial, family or medical decisions. This could be due to various reasons such as physical or mental incapacitation, being out of the country or simply not having the time or expertise to...
Defending a will
To safeguard the wishes of a departed loved one in Virginia, it is important to understand the process of defending a will. The Commonwealth of Virginia has specific guidelines in place to ensure the orderly distribution of assets according to the deceased's...
What are some warning signs of undue influence?
When it comes to crafting a will or estate plan, it is important to ensure that the decisions made reflect the true intentions of the individual involved. However, there are instances where external pressures or undue influence can manipulate these crucial documents....
What documents to include in a basic estate plan
Creating an estate plan is an important step for Virginia residents. An estate plan helps ensure that your assets undergo distribution according to your wishes after your death. It also helps your loved ones establish financial security in your absence. There are...
How do you talk to your elderly parents about estate planning?
Discussing estate planning with aging parents is an important step in helping them stay financially secure and make their wishes known. For one reason or another, they may hesitate to talk about this topic with you. By approaching this discussion respectfully, you...
How should you split your assets for your Virginia estate plan?
Estate planning is an essential step in ensuring that your assets get distributed according to your wishes after you die. The way you choose to divide your assets in your Virginia estate plan can have long-lasting effects on your loved ones. It is a deeply personal...
Mistakes to avoid making when creating your Virginia estate plan
Planning for and talking about death is not easy for most people and crafting an estate plan can seem overwhelming. However, a well-structured estate plan can ensure that your assets will distribute according to your wishes after you die. At the same time, it is...
What Are Living Trusts In A Virginia Estate Plan?
Estate planning is a significant part of securing your financial future and ensuring your assets pass to your loved ones smoothly. One powerful tool at your disposal in Virginia is a living trust. As opposed to a will, a living trust comes into play while you are...