Estate Planning

The number of adults choosing not to have children has steadily increased over recent years. In 2023, 47% of Americans under 50 don’t have children, nor do they intend to. Many childless adults may think there is no reason to create an estate plan. If they’re married,...

Estate planning is essential in ensuring your loved ones are provided for when you pass away, and someone will handle your financial affairs if you are incapacitated. It’s easy to make mistakes when creating your estate plan, especially if you’re unfamiliar with the...

Estate planning is part intention and part practicality. People decide what kind of legacy they want to leave based on personal values and close relationships. They then draft legal documents that help them achieve those goals. Those hoping to leave a positive legacy...

When creating an estate plan, you consider assets and properties, determine how to distribute your belongings and address other related matters. But what about your children? While contemplating your passing is uncomfortable, it's necessary to plan for your children's...

You have spent years nurturing and providing for your children as a parent. But what happens when circumstances force you to consider disinheriting a child? This is not easy, yet sometimes it becomes necessary. Below are reasons you might consider this option and the...

Creating an estate plan is essential for anyone looking to safeguard their assets and ensure their wealth is distributed according to their wishes.  Here’s how an estate plan can protect your wealth in Virginia. Minimizing estate taxes One of the primary benefits of...

Virginia's inheritance laws determine how a deceased person's assets are distributed to heirs. These laws govern situations with or without a valid will, ensuring fair property transfer.  Here’s an overview of how inheritance works in Virginia. Inheritance with a will...

Estate planning encompasses more than just arranging for the distribution of assets after death. It also involves protecting your wealth during your lifetime. One often overlooked tool in this regard is Virginia's Homestead Exemption. This legal provision can play a...

For some people, estate planning is synonymous with drafting a will. Their main concern is setting aside property for beneficiaries and determining what happens with their resources when they die. Others may recognize the importance of planning for changes in their...

A payable-on-death account, or a POD account, is a financial account that has a beneficiary. As such, it is often used as part of the estate planning process. If you are working on drafting your estate plan, you can choose a beneficiary for this account and add them...