Estate planning in Virginia is important at all stages of life. It can help with financial security, peace of mind and wealth preservation, among many things. Revocable trusts stand out as a valuable tool to give people flexibility and control over their assets. 1....
As unmarried partners navigate the journey of life together, it is important to consider how to safeguard your shared assets and ensure a secure future. Without proper estate planning, unexpected events can lead to unintended consequences. 1. Clear beneficiary...
Creating an estate plan is an important step in managing your assets and ensuring your loved ones receive your legacy as intended. Incorporating trusts into your estate plan can offer numerous benefits, including avoiding probate, reducing estate taxes and protecting...
Probate can be a lengthy, costly and complex legal process that follows someone's passing, tying up assets and causing stress for loved ones. Fortunately, there you can take steps to simplify your estate and protect your family from the probate process. Establish a...
Losing a loved one is undoubtedly a difficult experience, and navigating the probate process that follows can add an extra layer of stress. However, there are practical steps one can take during their lifetime to help ease the burden on their family when the time...
CNBC reported in 2022 that only 33% of Americans have an estate plan, For those that do, an important step is choosing an executor. Selecting an estate executor is a significant decision that demands careful consideration. The executor, usually a close family member...
Estate planning is an important step in preparing to distribute your assets according to your wishes after your passing. If you live in Virginia, there are several essential considerations to keep in mind when creating your estate plan. According to a study by Gallup,...
Virginia does not have a probate court system. All probate matters go through circuit courts, according to the Virginia Court Clerks' Association. Despite this difference in the state, there is still the right to contest a will once it is in probate. Contesting a will...
When you have children, your responsibilities multiply, and so do your concerns. One often overlooked yet important aspect of responsible parenting is making a will. This legal document ensures the following of your wishes after your passing and can provide...
Business owners should incorporate business succession planning in their estate planning process. Proper business succession planning ensures a smooth transition of the business while preserving its stability and value. A well-structured succession plan should outline...
