A financial power of attorney (POA) is a crucial document that allows someone to manage your finances should you become incapable of handling them. This includes situations where you are physically or mentally compromised or medically unable to manage personal...
Choosing the right people to manage your assets is crucial when planning for the future. If you're considering estate planning, you've likely come across the term "corporate trustee." But what exactly does a corporate trustee do, and why do you need one? In this blog,...
When a loved one passes away, their financial obligations do not automatically disappear. The probate process manages and settles any outstanding debts and liabilities left behind. Understanding how probate works with these debts helps families navigate this...
While there's no specific "right" age, preparing early is a good decision. Virginia law allows any adult (18 or older) to create an advance directive. There's no maximum age limit, either. But whether you're a college student, a new parent, or approaching retirement,...
Having a will can provide peace of mind, especially if you have concerns that could escalate after you pass on. This document is often a fundamental part of an estate plan. Theoretically, it may sound simple and easy to draft, but the process could be more complex in...
As a digital nomad, you can work from anywhere. However, this lifestyle creates unique estate planning challenges. How can you protect your assets and ensure others honor your wishes after you’re gone? Let’s look at your options. Virginia law regarding digital assets...
It is common for people to think about leaving their legacy to their family when they get older. However, choosing a trustee among family members can be difficult without considering how it will affect their relationship. What are the reasons for setting up multiple...
If you own a small business in Virginia, you’ve likely invested significant time and effort into building it and want to ensure its protection. One effective way to safeguard your company is by establishing a trust. A trust enables you to manage your assets in a...
As you plan for the future, ensuring your final wishes are honored is crucial. However, will contests can overturn these plans, causing stress, emotional turmoil and additional grief for your loved ones. Understanding common reasons behind these disputes can help you...
No matter how big the business is, so much can be at risk if you fail to prepare as its owner. Aside from your livelihood, your employees may suffer if the organization suddenly tanks because of unpredictable incidents. Fortunately, there are ways to address these...
