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....
Estate Planning
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...
Navigating Influences On Estate Planning
Estate planning is a critical process that empowers individuals to protect and distribute their assets according to their wishes. However, it is not uncommon for loved ones to attempt to influence or manipulate the estate planning process for their own gain....
What Are Executors Expected To Do?
Most people assign an executor based on who they feel most comfortable with. They do not often think about the responsibilities and duties the executor must shoulder. Many do not even know what the exact responsibilities are in the first place. So what do executors...
Does Moving Affect Your Estate Plan?
Even if you do not have many assets, it is advisable to write an estate plan. This plan directs what happens to your assets after your death. It might even include provisions for dealing with incapacitating illnesses. Still, writing an estate plan is something most...
3 Potential Estate-Planning Concerns For Business Owners
Preparing for the end of life is never simple. However, for small-business owners, complexity usually increases. A typical estate plan often involves the future of a family. A business estate plan might involve the future of a much larger group. 1. Business succession...