Choosing a trustee is an essential step when establishing a trust. Some people may already have someone in mind for this role. But others can find it challenging. In specific scenarios, an individual may have no close family members eligible to become a trustee,...
Month: April 2024
Are there benefits to choosing family as an estate executor?
Estate planning involves many important decisions. One of the most crucial is selecting an executor. This person will be responsible for carrying out the directions in your will, settling any debts and distributing your assets. But is choosing a family member as your...
3 key benefits of irrevocable life insurance trusts
An irrevocable life insurance trust is a powerful estate planning tool. It also offers several advantages for individuals and families in Virginia. Understanding the key benefits of an ILIT is helpful for making informed decisions about estate planning strategies. 1....
Key documents for a comprehensive estate plan
Creating an estate plan involves preparing a set of legal documents that guide the distribution of your assets and specify your wishes regarding healthcare and guardianship, should you become unable to make decisions for yourself. Given the importance of having a...