There are many reasons to create a trust. You probably have family members you want to provide for or you want to spare your family a lengthy period in probate. You may even know who you want as your trustee. Perhaps you wish to name a son or daughter. However,...
Year: 2021
3 reasons to revise your estate plan
Putting together your estate plan gives you the opportunity to dictate what you want to happen to your assets after you die. But many people have yet to create their estate plan and make a plan for the future. According to a survey conducted by Caring.com, only 4 out...
Your divorce settlement: fair vs. equal distribution of assets
Even if your divorce is amicable, the dividing of property can bring out the worst in people, and the court may end up making the final decision about who gets what. Whether you have pension plans and retirement accounts, a vacation home, or a beloved pet, a judge may...
How do I make my estate plans easier to carry out?
The death of a loved one is a time of grieving for the survivors. You likely know how hard it will be on your family after you die. This is why you want to make it as easy as possible for your loved ones to carry out your estate plans. One way you can do so is to...
Should we try “nesting” when we co-parent?
Divorce on its own is difficult but rebuilding your life in the aftermath can be even more of a challenge in many circumstances. Particularly if you have children with your ex-spouse, it is likely that you are looking at a joint custody situation. Typically, joint...
Do grey divorcees face bigger financial struggles?
Every divorcing couple will face their own unique hurdles throughout the process. However, your general age bracket can and does impact the type of hurdles you may face. There are a number of issues older divorcees deal with that younger couples may never even think...
How a special needs trust protects your child with a disability
As the parent of a Virginia child who has special needs, you may need to make extra efforts to protect your child and make sure he or she is able to get by once you die. You may also count on government programs, such as Supplemental Security Income or Medicaid, to...
Why should younger people draw up estate planning documents?
Perhaps you are just out of college and focused on your first job. Perhaps you are a new parent, or perhaps you are busy settling in with your new spouse or significant other. In any case, you may not have given much thought to estate planning believing you are too...
What should I know about bankruptcy credit counseling?
If you want to file for personal bankruptcy, you must follow all the rules under the bankruptcy code. One of those rules requires you to complete credit counseling. The Federal Trade Commission explains that you must complete one course prior to filing and then one...
How do Chapter 7 and Chapter 13 bankruptcies differ?
Having too much debt may haunt you day and night, and you may be looking for ways to get your finances back under control. You may be able to give yourself a fresh start by filing for either Chapter 7 or Chapter 13 bankruptcy. How do the two types of personal...


