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Signing a will requires witnesses who can testify if there are challenges against the document after the testator dies. Almost any competent adult can act as a witness to a Virginia will signing. Frequently, people turn to uninvolved or uninterested parties to act as...
Estate planning helps individuals protect their property, provide for loved ones, and prepare for future healthcare or financial decisions. In Virginia, estate planning laws cover wills, probate procedures, living wills and powers of attorney. The role of wills in...
When most people think about trusts, they imagine passing wealth to family members or loved ones. But what if you want to set aside funds for a specific goal rather than a person? That is where purpose trusts come into play. A purpose trust is designed to fulfill a...
Estate administration can become stressful when important documents are missing or outdated. Proper preparation during estate planning helps families manage financial matters, distribute assets and handle responsibilities more efficiently after a loved one passes...
If you have an estate plan, then congratulations are in order. You have completed a task that almost two-thirds of American adults haven’t even begun. But did you realize that updating your estate plan is just as important? It’s easy to forget about your estate plan...
If you die without a will in Virginia, state law decides who raises your children and who receives their inheritance. Those decisions may not match your wishes. Who will care for your minor children If both parents die and no will names a guardian, a Virginia judge...
Parents creating estate plans often want to leave as much as they can for their children. That is as true for those with adult children as it is for parents concerned about protecting minors in the event of a tragedy. For many Virginia parents, the home where they...
When appointing someone to serve as trustee, have you thought about what would happen if they became ill, moved away or simply could no longer handle the responsibility? What if they were no longer interested in the role and resigned after you’re gone? Such...
A power of attorney (POA) lets you decide who manages your money and healthcare if you cannot speak for yourself. Without one, a judge decides for you. Your family may spend months in court and thousands of dollars to gain authority over your own accounts. That delay...
Many parents assume that their children will eventually inherit family assets simply because “that’s what we intended.” Unfortunately, second marriages often inspire estate planning problems that families don’t see coming. Without careful planning, children from a...