There are a few common errors people make with their estate planning. One is leaving certain critical documents, such as a will, out of the plan. Others have to do with failing to update the plan. People in Virginia should review their estate plan roughly every three...
Year: 2018
Protecting your inheritance without losing Medicaid benefits
Your disability does not keep you from many important day-to-day tasks. However, it does make life expensive and difficult when it comes to your medical needs. A family member wants to leave an inheritance to you, but your medical needs will drain those assets....
Credit card debt in America passes $1.04 trillion
The amount consumers in Virginia and around the country owe to banks and credit card companies is expected to surpass $4 trillion by the end of 2018. This figure, which reflects revolving and installment debt but does not include mortgage balances, has risen by $1...
Stan Lee’s estate may not have such a happy ending
Fans of Spider-Man in Virginia are among the many superhero enthusiasts around the world who have been mourning the recent death of Stan Lee. Unfortunately, the last few years of the life of the former head of Marvel Comics were a tangled web of accusations coupled...
Navigating out of credit card debt
For many people in Virginia, debt is becoming a growing crisis. In the first quarter of 2018 alone, household debt increased by $63 billion in total across the United States. This marked the 15th consecutive quarter of growing debt burdens for consumers across the...
Including charitable gifts in an estate plan
People in Virginia who are thinking about the future may consider how they can incorporate their favorite charities into their plans for their estates. Many people set goals for philanthropic and charitable giving during their lifetime, and they want it to continue...
Common questions about filing for bankruptcy
If you are struggling with overwhelming debt, the practical and emotional stress is likely weighing heavily on you every day. Rather than avoiding the problem, you need to find a workable solution so you can begin to get your financial future back on track. Although...
Choosing the right executor for an estate plan
Some people in Virginia may put off creating an estate plan. It can be difficult to confront issues such as illness and death. However, all adults need an estate plan, and an important element of an effective estate plan is choosing the right executor.First, the...
Credit card debt spiral threatens finances of older millennials
Virginia residents in the 25-to-34 age group have a high likelihood of struggling with debts. While some may assume that these millennials are mostly dealing with high student loan balances, credit card debts are more common. The 2018 Planning and Progress Study from...
Estate planning can help young people
Young people in Virginia may not dedicate a lot of time or mental energy to thinking about estate planning. For many millennials, especially those who are single and do not have children, making out a will seems unimportant or a matter to be considered for the future....