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...
Estate Planning
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...
New Legislation Requires Minimum Of Three Guardianship Visits
Court-appointed guardians are responsible for ensuring that their charges receive adequate care. New legislation intended to ensure the well-being of adults placed under the care of a guardian requires guardians to make at least three visits per year. How does this...
Can you reduce conflict over your will?
Conflicts often happen within families over wills for various reasons. Of course, no one wants them to happen, but is there anything a person can do to stop them? While it is impossible to fully stop any potential conflict, it is possible to reduce the chances of them...
When should you create a will?
A will lays the framework for your personal estate plan. This document allows you to designate who you want to take ownership of your assets after you die. According to the CDC Foundation, a will also lets you name the executor of your estate and designate...
