If you own a business in Virginia, succession planning will play a significant role in your estate plan. You will want to make sure you have clear directions for your predecessors to follow in regards to the operation of the company you have worked so hard to build....
Month: September 2020
Estate planning and estranged family members
Everyone is in a unique position with respect to their estate, not only as a result of their financial circumstances but family matters as well. For example, if one of your family members is estranged, you likely have different issues to consider with respect to your...
What are the guidelines for writing a will?
Many people decide to set up a will in order to protect their estate and ensure that their loved ones receive the support they need down the road. However, there are many issues to take into consideration when it comes to creating a will and you need to understand the...
Choosing the right type of bankruptcy for your situation
Medical expenses and unemployment can result in mountains of debt and little recourse for Virginia residents. If you use credit cards for daily necessities and are struggling with minimum payments that don’t lower your balance, it may be time to change your strategy....
3 tips on dealing with the stress of debt
Most adults in the United States find that finances cause significant stress in their lives. You might feel overwhelmed about the future if you find yourself struggling with debt or facing the possibility of bankruptcy. Do not lose all hope. You can follow a few tips...
3 ways to pay for your funeral
Paying for your funeral is probably not something you have on your mind a lot. But when it comes to estate planning, it is important to consider every checkpoint—including the immediate weeks after your death. Grieving a loved one is stressful and taking care of these...
What is a living will and why should you have one?
The effects of age, as well as unexpected accidents and illnesses, may leave you unable to care or speak for yourself. In such circumstances, the responsibility of making medical-related decisions on your behalf may fall to your loved ones. Without your voice there to...
How can we make estate plans as a childless couple?
Many married couples have children that they can leave their estate to. If you don’t have any children of your own, estate planning might not seem like a priority. Still, just because you and your spouse are a childless couple does not mean you have no one to leave...