Wills And Trusts

Many parents believe that trusts are only for the wealthy or families with mansions. In reality, a trust is an essential tool for every parent in Virginia who wants to protect their children. Whether you have a modest savings account or a large estate, establishing a...

An A-B trust, also called a bypass trust, is a two-trust structure commonly created by a married couple to manage wealth transfer at death. This legal tool can help to minimize the impact of estate taxes, support control over asset distribution, protect assets from...

Estate planning involves preparing for the management and transfer of your assets during life and after death, with two of the most common tools used in this process being wills and trusts. Although they often serve related purposes, wills and trusts function in...

Cultural trends have shifted away from the written word in recent years. Widespread access to audio and video recording equipment has made it easier than ever for people to share videos or recordings of spoken communication with one another. People creating estate...

Taking on the role of a trustee for a family trust can feel like a big responsibility, especially if you are new to legal responsibilities. You may be anxious about making mistakes or letting the beneficiaries down. Knowing your key responsibilities can help you...

If you plan to pass your estate to your heirs, how sure are you that it will truly benefit them and the generations that follow? Life can be unpredictable, and circumstances beyond your control, like divorce, mounting debts or financial mistakes, can diminish what...

Planning for the future is something many people delay. Life feels busy and the most uncomfortable topics are often pushed aside. However, having a clear plan in place protects not only your assets but also the people you care about most. A will or trust gives...

When a loved one leaves behind both a will and a trust with conflicting terms, it puts you in a difficult position. You want to respect their wishes, but it’s not always obvious which document takes priority or how to move forward without making costly mistakes....

Setting up and funding an irrevocable trust is one option that offers wealth preservation for your beneficiaries. Because you hand control of the assets in the trust over to the trustee, creditors can’t touch the contents to satisfy your debts.  The downside of an...

People who are going through the estate planning process in Virginia have many things to consider. One of these is where assets will go after the creator dies. This isn’t something that’s easy to determine, but it’s critical to ensure that it’s handled properly.  If...