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Estate planning is one of the most important aspects you’ll ever address in your life. Having a sound estate plan can ensure that you always receive the medical care and support you need, and it also means that your loved ones will gain an inheritance. However, it...
New parents have a lot on their plates. When a couple first adds a child to the family, they may not understand how that decision will look like their sleep schedule and daily lives. It can take a year or more for the new family unit to find equilibrium, and then that...
As the executor of someone’s estate, you have many responsibilities. Not the least among those tasks is your duty to notify the heirs of the deceased in writing about their loved one’s passing and the opening of probate. But, what if someone who has an interest in the...
It’s always seemed like a shame to you that burials were so expensive. As of 2021, the median cost of a funeral with burial was nearly $8,000 – and you hate the whole idea. After all, that money could make a big difference to your loved ones. Besides, you also dislike...
Creating a will is one of the most responsible decisions you can ever make. With a valid will, you can have peace of mind knowing that your wishes will be honored when you are no longer around to speak for yourself. If you die without a will, on the other hand, the...
A will is a legal document that articulates what you want to happen to your estate when you die. For your Virginia will to be enforceable, it must be made in writing. Additionally, it must be witnessed by at least two competent adults. A will that is not witnessed can...
The passing of a loved one is never easy. Even if you were prepared for the eventuality, the emotional toll that comes with losing a loved one can be overwhelming to most people. However, alongside the funeral arrangements, it is important that you take certain steps...
There are an incredible number of options available when estate planning. Maybe that is what puts many people off ever making one – they can’t work out where to start because there are too many choices. Yet, like anything that appears complex, you can simplify it....
If you’re a Virginia resident and thinking about drafting a will, you have to meet a couple of requirements. Per Virginia Code Section 64.2-401, you need to be 18 years old (or an emancipated minor) and of sound mind to create a will. But before doing so, it’s...
Once you have an estate plan, you must keep it up to date. Many find it helpful to review their existing estate plan for potential weaknesses near each year's end. Areas to study and change as necessary include the following. Go over your beneficiary designations...