Thinking about estate planning can feel heavy, but it does not have to be complicated. In Virginia, a good plan simply makes sure your things go to the people you choose and that your family is not left guessing. Here are seven simple steps to get started. List your...
Settling an estate in Annandale involves several legal obligations that many families are not prepared for. Virginia law provides a structured process to provide oversight of fiduciaries and their administration of estate assets. At the center of that process is a...
A no-contest clause is not inherently bad. It can either be a bad or a good choice depending on your particular circumstances. You have to consider the pros and cons of adding it before making a decision. What is a no-contest clause? Most people include a no-contest...
When business owners are working on a succession plan, they often assume that the division should be equal between their family members. For example, say that a business owner has three adult children and is including them all in the estate plan. At the same time,...
There are multiple types of powers of attorney. People need different support in a variety of unique circumstances, including support with financial matters or with medical decision-making in an emergency. For those concerned about major, long-term medical challenges,...
A no-contest clause is one of the most effective ways to discourage your family members or estate beneficiaries from wasting time and money in court by contesting your will. However, before adding one to your estate plan, it is important to understand the full...
Protecting minor children is one of the objectives of estate planning. If you have a minor child, it’s crucial to name a guardian who will take care of them if you are unable to because of incapacitation or death. Virginia law allows parents of a minor child to...
The classic estate plan dispute that you’ll see in TV dramas revolves around money. One party is upset that the deceased left money or a large asset like a home to someone other than them. Not all disputes are things like this. Here are some other reasons for...
Most people think that they will always be able to make decisions for themselves, but that’s not always how life works. All adults should think carefully about who will manage their affairs if they’re unable to do so themselves. This person should be given a power of...
Many people created their estate plans while they are married. Their wills, trusts, powers of attorney and healthcare directives may name a spouse as a primary beneficiary, executor, trustee or decision-maker. After a divorce, those designations may no longer reflect...
