Probate, a legal process to validate a dead person's will, can bring along a tough time for those left behind. The issues involved with this process often seem overwhelming to people. There are many ways the probate process can inadvertently become a source of...
Northern Virginia Law Blog
What do filing inventories and preparing accountings mean?
The primary goal of estate administration is to ensure a systematic and lawful transfer of a deceased person's property to their heirs or beneficiaries. In Virginia and other states, estate administration includes filing inventories and preparing accountings. This...
How can you reduce arguments among beneficiaries during probate?
Probate, the legal process of giving away a dead person's assets, may lead to challenges for beneficiaries. Arguments often arise, creating tension among family members. However, it is possible to reduce conflicts during this difficult period. Clear communication...
What should business owners know about estate planning?
For business owners, estate planning involves preparing for the future management and distribution of your assets, including your company, in the event of death or incapacitation. This planning is essential not just for personal reasons but also for your business's...
5 advantages of revocable trusts in Virginia
Estate planning in Virginia is important at all stages of life. It can help with financial security, peace of mind and wealth preservation, among many things. Revocable trusts stand out as a valuable tool to give people flexibility and control over their assets. 1....
4 estate planning tips for unmarried partners
As unmarried partners navigate the journey of life together, it is important to consider how to safeguard your shared assets and ensure a secure future. Without proper estate planning, unexpected events can lead to unintended consequences. 1. Clear beneficiary...
Choosing the right trusts for your Virginia estate plan
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...
Tips for avoiding probate
Probate can be a lengthy, costly and complex legal process that follows someone's passing, tying up assets and causing stress for loved ones. Fortunately, there you can take steps to simplify your estate and protect your family from the probate process. Establish a...
4 ways to simplify the probate process for loved ones
Losing a loved one is undoubtedly a difficult experience, and navigating the probate process that follows can add an extra layer of stress. However, there are practical steps one can take during their lifetime to help ease the burden on their family when the time...
Tips for choosing an estate executor
CNBC reported in 2022 that only 33% of Americans have an estate plan, For those that do, an important step is choosing an executor. Selecting an estate executor is a significant decision that demands careful consideration. The executor, usually a close family member...