Many people in Virginia and across the country are struggling with overwhelming debt, especially as credit card fees and interest rates mount. In March of 2018, the U.S. Federal Reserve announced an increase in the federal funds interest rate from 1.5 percent to 1.75...
Most people have a passing knowledge of bankruptcy, but when you are considering it as an option for your financial future, you need to know all the details. It can be overwhelming at first to research this information. If you want to find debt relief and reclaim your...
When a Virginia resident passes away, his or her assets will be distributed to other parties. A Will can ensure that those assets are distributed in accordance to the deceased's wishes. However, simply having a Will doesn't mean that an estate plan is...
Many people in Virginia are facing a daily crisis and financial struggle with the weight of overwhelming debt that may seem impossible to pay back. As late fees, interest charges and other expenses accumulate, these people may be looking for a solution or a way out...
A will is one of the most common legal documents around. It serves the very useful purpose for the will's maker of expressing clearly to the state and to potential heirs how an estate should be handled upon the author's death.Many would likely agree that a will is...
Bankruptcy can be an intimidating process when you do not know what to expect. You worry about your current and future financial security, you worry about losing property, you worry about how you are going to rebuild your credit, and you may even wonder how it will...
Virginia offers a few shortcuts in probate that not every state offers. One such shortcut is if the only asset that needs to be probated is real estate in Virginia. That means all other assets either had a joint owner on them (for example, a joint bank account) or had...
There are multiple ways to attempt to avoid probate including the use of beneficiary designations on life insurance policies, retirement accounts, and other similar accounts. Other ways to avoid probate are through joint ownership, however, joint ownership may not be...
I have had many people ask me - what happens if I don't have a Will? Well, the simple answer is that your assets will pass per the intestate law in Virginia, which is found in Virginia Code 64.2-200 and 64.2-201.What that code section states is the following order of...
The following question was asked on Avvo.com by a person in Roanoke, Virginia:"Is my wife's sister's husband entitled to assets from her brother's estate? My wife's brother passed away without a will, he was divorced for 35 years and had no children. His only...
