When your child heads off to college, you're likely focused on tuition bills, dorm shopping and emotional goodbyes. However, what you may not realize is that Virginia law now recognizes them as a legal adult, meaning you no longer have automatic authority over their...
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Totten trusts can play an important role in estate planning
One of the most important decisions that’s made during the estate planning process is determining who’s going to receive which assets. Some of these assets might include bank accounts, such as checking and savings accounts. Totten trusts, which are a type of...
Why pre-retirement is a key time to review an estate plan
Wills and other estate planning documents typically do not expire. They retain their legal authority until the testator modifies their documents or replaces them with new legal instruments. There are many different experiences that may necessitate the review of estate...
How a deed can help homeowners during estate planning
There are specific legal documents that people tend to associate with estate planning. Wills, trust documents, advance medical directives and powers of attorney are all common inclusions in estate plans. Deeds are also potentially valuable for people with real...
Attorney vs. DIY estate planning: Key differences
If you’ve delayed starting your estate plan, many others wait until major life changes push them to act. In Northern Virginia, many families delay estate planning until their children are older or their assets have grown. When the time comes to put a plan in place,...