Have you written a will but are unsure when to update it? In general, you should go over your will every five years with an estate attorney. Besides regular checkups, you should also keep track of significant life events and incorporate them into your updated will. If...
Year: 2021
Should you name your child as your trustee?
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,...
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...
How can I minimize conflict while co-parenting?
Whether you worry about what school your child will attend in the upcoming year or another major decision, you may find yourself at odds with your co-parent. Important topics can lead to arguments and high tension between you both. After a divorce, you may wonder how...
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...
Revise your estate plan after these life-changing events
You may believe that once you create an estate plan, there is nothing else you need to do with it. However, this is a myth, and there are times when you need to make it a point to go back and make changes to it. Your will and the other fiduciary tools in your estate...
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 do Virginia courts divide marital assets?
If divorcing couples cannot reach an agreement about dividing property, a judge will hear evidence and issue a ruling. There is no uniform formula that Virginia courts apply to divide marital property. While each couple’s circumstances are different, courts tend to...