Wills And Trusts

One of the more common reasons that people create a trust when estate planning is to protect their assets. They don't want creditors to bring a lawsuit against them when they age and must live on a fixed income. They may also worry about claims during the probate...

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,...

Creating a trust is a process that requires extensive planning. First, someone has to set their goals and choose the right type of trust based on their needs. The person creating the trust will need to transfer assets to fund the trust and provide detailed...

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...

If you’re the executor of someone’s estate, one of the first orders of business is locating the original copy of their will – because that’s what the court generally needs to see when probate is opened. What do you do, however, if all you have is a copy and you aren’t...

Trusts have become more popular in recent years, as people increasingly realize that they can accomplish numerous different goals – including helping families of significant means safeguard their wealth and create a lasting financial legacy. A dynasty trust is a type...

People add trusts to their estate plans for numerous reasons. Sometimes, their goals are very practical, such as avoiding certain forms of taxes or being able to qualify for certain benefits later in life. Other times, goals have more to do with what will happen to...