Estate Planning

When you designate the intended beneficiaries of your assets in your will or living trust, you’ll likely include valuable assets like your home and other real estate, cars and boats, bank, retirement and investment accounts, valuable jewelry, art and collectibles. You...

Retired adults in Virginia usually expect that Medicare will largely cover their health needs later in life. It is certainly true that Medicare provides near-universal coverage for adults over retirement age in re: their basic healthcare needs. However, when...

When you set out to do your estate planning, thoughts turn to whom to appoint as executor of the estate. You may have one or more people in mind, but when you ask them to accept the appointment, they all have excuses for why they can’t do it. What could this mean?...

One of the most important things people can do is make an estate plan. Estate planning is a complicated process, however, and people often misunderstand how it works. Because of that, you may be wrongly informed about how estate plans work. Here’s what you should...

Many people prepare for their passing far in advance by making an estate plan. An estate plan can help dictate what happens to the testator's estate after they pass away. There’s a lot to include in an estate plan. Here’s what you should know: 1. Will A will is the...

When you’re making your estate plans, addressing bank accounts and other major possessions is usually pretty easy. You’re only talking about money (or things that can easily be liquidated). But, what about all the rest of your stuff? If you’re like most people, you...

As an adult, it is crucial to consider your healthcare and potential complications. Advance directives can help ensure that no matter what happens in the future, you can still make decisions about your health care.  However, sometimes someone other than yourself may...

Estate planning is a legal process that can make your final wishes legally binding. A fundamental component of any estate plan is the will. This document allows you to pass on instructions about who should inherit your assets.  Once you reach the age of 18, you are...

Two documents related to the estate planning process that are discussed most frequently in popular culture are wills and trusts. If you are getting ready to craft an estate plan, you may be wondering about these two consequential legal resources. Do you need both of...

If you’re making an estate plan and you have a life insurance policy, you do not necessarily need to include it in the plan. Understandably, this is a major asset. Many people think that they need to mention it in their will or discuss how they want the money to be...