It is important to consider what will happen when you step down as the owner of your business. You may also have key positions that will need filling if your current company leaders move on or retire. A good succession plan can help you realize a smooth transition and...
Estate planning is not about determining wealth. It is a way to ensure the fulfillment of your wishes after your death. Young couples, especially those with minor children, should have a plan to protect their children. What will happen to your assets? Without a proper...
If you have a child who has a disability or other special needs, you may have some well-founded fears about his or her ability to work as an adult. Luckily, if your child cannot work, he or she may be eligible for certain public benefits, such as Supplemental Security...
When you name someone executor over your Virginia estate, you place a large amount of trust in this individual to make sure that your wishes come to fruition. For this reason, you want to appoint an executor who you feel is responsible, conscientious and attentive....
Planning for your death is important, but it is equally important to plan what should happen if you are still living but unable to make critical decisions for yourself. A key step in this process is assigning power of attorney to an agent you trust to make decisions...
Having a Virginia estate plan in place helps ensure that you maintain a certain degree of control over your personal, financial and medical affairs. If you have put off estate planning because you were fearful of the time or monetary commitment involved, rest assured...
A will is a legal document that provides instructions on what to do after your death. More specifically, wills deal with things like the distribution of assets and who to have custody of your children. This document makes it easier on grieving family members, as it...
In an unexpected situation where an immediate need arises for new leadership, your succession plan can eliminate a lot of confusion and uncertainty. You can provide detailed instructions for people involved in the operations of your business. Following the guidelines,...
As in other states, in Virginia, your estate may have to pass through probate before distributing to your heirs and beneficiaries. This is the process the government uses to confirm that your will is valid and ensure the transfer of your assets according to your...
While a will is a part of most Virginia estate plans, far fewer state residents have trusts. However, trusts offer many different benefits, depending on the type of trust you establish. There are also many things a will does not do that a trust might be able to help...
