Life can throw unexpected curveballs, leaving us unprepared for sudden changes. What happens when you cannot make critical decisions for yourself? This is where a power of attorney (POA) comes into play. Consider it your safety net, ensuring someone can fulfill your...
When a loved one creates an estate plan, it should reflect their true wishes. Unfortunately, sometimes others may exert undue influence, manipulating the process to benefit themselves. Recognizing signs of undue influence can help you protect your loved one’s...
Managing the intricate field of estate planning can be daunting, especially since you would not be able to correct any misunderstandings when it takes effect. One crucial component of your end-of-life plans is the power of attorney (POA). This legal document grants an...
As a sole proprietor, your business is more than just a source of income; it is a legacy you have built from the ground up. However, have you considered what will happen to your business when you are no longer able to run it? This is where business succession planning...
Blended families are becoming increasingly common, and with them comes the need for thoughtful estate planning. Virginia’s law might not automatically align with your desires for your loved ones, especially if it involves children from previous marriages. Six key...
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...
Charitable trusts are a remarkable tool for those who wish to leave a lasting legacy through philanthropy while also gaining tax advantages. Setting up a charitable trust can provide a structured way to support favorite causes over time. There are ways to use...
Through a Power of Attorney, you can grant someone the privilege to make the decisions you would usually make yourself. If the power of attorney no longer serves your needs or if you want to terminate an agent, you can make the necessary changes. Steps to regain...
Choosing a trustee is an essential step when establishing a trust. Some people may already have someone in mind for this role. But others can find it challenging. In specific scenarios, an individual may have no close family members eligible to become a trustee,...
