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...
Year: 2020
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...
The health advantages of filing for bankruptcy
When it comes to the bankruptcy process, many people recognize the financial advantages of eliminating debt. However, it is also important to think about some of the health-related benefits of getting rid of excessive debt. In fact, many people experience positive...
New parents should not wait to execute an estate plan
The birth of a child is one of the greatest moments in a new parent’s life. Becoming a parent brings many responsibilities to ensure the child is protected, well cared-for and loved. One step new parents in Northern Virginia should not put off in protecting their...
Are you leaving things out of your estate plan?
Our readers in Virginia know that drafting an estate plan needs to be a comprehensive effort. That means including a will, power of attorney documents, healthcare directives and potentially even a trust in most, if not all, estate plans. However, every person’s family...
A special needs trust might be the best way to care for your loved one
If you have a loved one who is getting older or has special needs, then you’re probably worried about what their future will look like without you there to help care for them. This is a valid concern, and one that you shouldn’t let go unaddressed for too long. If you...
Understanding bankruptcy exemptions
Many residents of Northern Virginia avoid filing a petition for bankruptcy because they are afraid that the court will seize all of their assets, including their home. This belief greatly overstates the power of the bankruptcy court and distorts the exact working of...
Personal bankruptcy: honest answers to frequently asked questions
Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy is a big step. It is not something you should do lightly before getting all the facts. Which form of personal bankruptcy is right for you? What is the process like, and what long-term effects should you expect?...
Considering the benefits of personal bankruptcy
Most Virginia residents who are struggling with seemingly insurmountable debt look at every option to attempt to address the problem. Many people have thousands of dollars in credit card debt, for example, so they look to consolidate the debt on a low interest credit...
The different types of trusts and how they help estate plans
Trusts are a valuable estate planning tool that may sometimes be less understood than other estate planning tools. As a consequence, estate planners should understand the different types of trusts and how they can help them. Trusts manage the property of the estate...