Making plans to transition your business to a new owner or manager means preparing for different eventualities. Even if you have someone in mind to take over for you, your business succession plan could still fail without a comprehensive strategy. According to The...
When dealing with your executor, you may have an idea in mind for the technical skills you want them to have. Part of these skills should include how they handle unexpected problems with other people and the courts. Learning more about why the person you choose for...
When it comes to estate planning, it can be tricky enough dealing with personal assets. But what if you own a business? How does that fit into your Virginia estate plan? Owning a business adds another layer of complexity to estate planning. However, with the right...
Your will and trust lay out whom you want to inherit your cash, home and investments after you pass away. You probably also included personal items like your car, record collection and family keepsakes. But did you remember to include your digital assets? In 2023,...
Drafting a will is an important step in estate planning. A well-drafted will ensures that one's property and assets get distributed according to personal wishes after passing. However, it is not enough to merely decide to create a will; understanding what to include...
Having a solid estate plan is very important, but it is just as important to review your estate plan regularly to make sure that it meets your current wishes. In addition to reviewing your plan every three to five years, you should also review and update your plan...
More and more parents are making the choice to involve their adult children in their estate planning to ensure that their wishes are respected and that their children understand their desires. Benefits of involving your children Involving adult children in your estate...
When you are starting the process of estate planning, give some consideration to what you can do to make the probate process easier for your loved ones to navigate. A few strategic preparations could eliminate a lot of potential stress, uncertainty, and contention....
When some Virginia residents make estate plans, they do so as a means through which to leave a legacy behind for their children. However, this is not the only argument for creating an estate plan. On the contrary, there are many different benefits that come with...
Sound estate planning helps you and your family successfully navigate some of the legal challenges that arise now and then. A will establishes your desire to pass on property to certain heirs and to make your wishes known in many circumstances. You might sometimes...
