Your wishes may change over the years, which means your will may change as well. There are several ways to update your will including making a whole new will to replace the old one or going through the process of altering your current will. Another method is to make a...
There are multitudes of ways to organize your estate, and trusts are a powerful component of that. There are many things that trusts can do that wills cannot, and most estate planners benefit from making use of trusts. The two varieties of a living trust are revocable...
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...
While a will is a part of most Virginia estate plans, far fewer state residents have trusts. However, trusts offer many different benefits, depending on the type of trust you establish. There are also many things a will does not do that a trust might be able to help...
When it comes to estate planning, among your goals is to protect the assets so your heirs may benefit from your success. But, in some situations, you need to protect those same assets from the heirs themselves who may be known for mismanaging money, making poor...
There are many reasons to create a trust. You probably have family members you want to provide for or you want to spare your family a lengthy period in probate. You may even know who you want as your trustee. Perhaps you wish to name a son or daughter. However,...
As the parent of a Virginia child who has special needs, you may need to make extra efforts to protect your child and make sure he or she is able to get by once you die. You may also count on government programs, such as Supplemental Security Income or Medicaid, to...
If you have a loved one who is getting older or has special needs, then you’re probably worried about what their future will look like without you there to help care for them. This is a valid concern, and one that you shouldn’t let go unaddressed for too long. If you...
Virginia and many other states have adopted a version of the Uniform Trust Code. This law establishes certain obligations toward trust beneficiaries, requiring that they get the necessary information about the trust to protect themselves. However, for various reasons,...
People in Virginia who are thinking about the future may consider how they can incorporate their favorite charities into their plans for their estates. Many people set goals for philanthropic and charitable giving during their lifetime, and they want it to continue...
