Many people mistakenly believe estate planning is exclusively for those with substantial wealth. But every adult should consider making an estate plan, regardless of how many assets they have to their name. You need an estate plan if you want to control the...
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How do I make certain my will is valid?
In Virginia, people are often advised as to the value of estate planning. This is true regardless of their income, family situation and age. Everyone can benefit by being fully prepared for the future with an estate plan of some kind. Taking this step is important,...
Can I update my will or make a new one?
Virginians are independent folk, and we grow with time. This is why, even if you have a will, you may want to update your will or even make an entirely new one. And, the answer is that you definitely can. Why update it? So, why update your will? Life changes, and your...
When do you need to modify your estate plan?
It can take a lot of courage to get your initial estate plan together, as it requires you to consider your own mortality and what your loved ones’ lives will look like when you’re gone. But even though you breathed a sigh of relief when that plan was first put...
What you should know about your “residuary estate”
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...
How can you protect your assets from creditors?
You've worked hard to build financial security for yourself and your loved ones. And it is probably frustrating to think that protection could be lost. However, there is a way to protect your assets from creditors, lawsuits and other risks. Asset protection as part...