Estate planning can seem like a daunting or depressing task. However, without proper planning, you will not have a say in how the state divides your assets. If the process seems difficult, make small, simple steps to at least cover the basics of estate planning. 1....
A Power of Attorney plays a very important role in your estate planning. The person you designate must act in your best interests and can make decisions on your behalf should you become incapacitated. Choosing the right person for this role can be difficult. This...
There is a lot more to estate planning than writing out your last will and testament. If you want to ensure your heirs can follow out your wishes in the quickest and most effective manner after your passing, you will need to provide as much detail about your estate as...
Whether you have already set up an estate plan or you find yourself in the early stages of the estate planning process, it is pivotal to take a look at estate taxes if you have significant assets. In fact, federal estate taxes could apply, depending on the value of...
The idea of people using your money without your consent can feel like a major violation. However, this is what often happens during emergency situations when no power of attorney is in place. Your decision to name a power of attorney as part of your estate plan can...
It is important to consider what will happen when you step down as the owner of your business. You may also have key positions that will need filling if your current company leaders move on or retire. A good succession plan can help you realize a smooth transition and...
Estate planning is not about determining wealth. It is a way to ensure the fulfillment of your wishes after your death. Young couples, especially those with minor children, should have a plan to protect their children. What will happen to your assets? Without a proper...
If you have a child who has a disability or other special needs, you may have some well-founded fears about his or her ability to work as an adult. Luckily, if your child cannot work, he or she may be eligible for certain public benefits, such as Supplemental Security...
When you name someone executor over your Virginia estate, you place a large amount of trust in this individual to make sure that your wishes come to fruition. For this reason, you want to appoint an executor who you feel is responsible, conscientious and attentive....
