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 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...
If you just recently got married, you probably have no one in mind that you want to give all of your property to except for your spouse. Naturally, you might find it easy to just write up a small will that passes your estate to your husband or wife. However, there are...
Life is unpredictable, and its twists and turns affect people of all ages. Therefore, having a last will and testament may help you prepare for unexpected and unwanted situations that could lead to death. With a will, you can direct what will happen to your property...
Creating an estate plan is an important step in managing your assets and ensuring your loved ones receive your legacy as intended. Incorporating trusts into your estate plan can offer numerous benefits, including avoiding probate, reducing estate taxes and protecting...
A revocable or “living” trust allows you to make changes to your trust’s documents up until your death. As reported by Entrepreneur.com, a living trust allows you to add or remove your assets and properties whenever you choose. Living trusts commonly hold real estate,...
Estate planning is not just one afternoon of dedicated dictation. You have a lot to work through when it comes to communicating with your family and making sure your will describes your wishes clearly. In the event that you change your mind about any of it, you may...
When you create your Virginia estate plan, you have many different avenues through which to make arrangements. While a will is an important foundation for any estate plan, there are limits to what you may do with a will. Sometimes, you may have specific goals in mind...
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...
