Sound estate planning helps you and your family successfully navigate some of the legal challenges that arise now and then. A will establishes your desire to pass on property to certain heirs and to make your wishes known in many circumstances. You might sometimes...
Northern Virginia Law Blog
What goes into the costs of a Virgnia funeral?
One avenue of estate planning that many families do not have at the top of their priorities is the cost of a future funeral. You and your loved ones may insist on talking about inheritances and powers of attorney. However, planning for these costs have a number of...
Tips for choosing the right trustee
When people create trusts, they must appoint trustees to own and manage the assets in the trusts. Grantors must consider the capabilities of the appointees and the legal responsibilities required of trustees when deciding who to appoint. The following tips may help...
What do estate executors do?
When choosing an executor for your estate, you may want to default to someone you know well. After all, your relationship with your executor is undeniably important. However, is it the most important part when it comes to picking an executor? Surprisingly, that is not...
What is a medical power of attorney?
An injury or illness can result in mental incapacitation. A medical power of attorney is a legal document that gives someone else authority to make health care decisions for you if you are unable to make them yourself. A medical power of attorney can be an important...
3 Common questions about estate planning
An estate plan with a will and any necessary trusts can protect your assets and ensure that your family receives the assets you wish without a lengthy and complicated probate process. Many people begin an estate plan without a thorough understanding of the...
What should you know about succession planning?
It has taken you years to build your business, so you naturally want to leave it in good hands when retiring. That is the goal of succession planning, which is the process of choosing people to fill essential positions long before the need arises. Creating a...
What should your estate plan include?
An estate plan can benefit people of all ages, no matter where you may be in life. Additionally, a good estate plan will include certain items to ensure you remain protected. While professional assistance is a must, you should also be aware of these essential items....
3 reasons to consider a revocable living trust
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...
Avoid these mistakes when making a business succession plan
If you want your business to continue after you retire, a solid succession plan could be essential. Given that some small businesses fail because of poor planning, you should know which mistakes to avoid as you compose a strategy to pass your business to a new owner....