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Deciding how you would want your hard-earned assets to be distributed after your demise is a prudent idea. In fact, this is one of the most important decisions you can ever make whilst alive. Without a plan in place, the state of Virginia would have to decide what...
There may be a situation in which you want to leave one of your heirs out of the will, meaning that they will not inherit anything. In some cases, parents do this because they’ve had a falling out with one of their children. But it could also be something positive,...
When you agree to serve as the personal representative of a Virginia estate, you know that there will be a lot of work involved. You will be the one that has to go over someone's financial records, and it will also be your responsibility to attend probate court...
You may not realize it, but an important step in estate planning doesn’t involve any estate planning documents. It’s your beneficiary designations on your various accounts. This includes retirement accounts. If you’re a federal employee or retiree, you likely have a...
One of the many options people have when deciding how their estate will be distributed after their death is by creating a will. Many people see writing wills as a great way to ensure everyone gets something after they pass and to know their estate will be in good...
When you leave a will behind, your heirs will not take over the estate immediately after your demise. Your estate has to pass through probate, a court process that every estate has to go through. During probate, the court validates the will and oversees the estate's...
Not many milestones are as exciting as bringing a child into this world. However, many changes come with the arrival of a new baby. One of the most important steps you need to take when you become a new parent is updating your estate plan. Keep in mind that as your...
When you create instructions for your estate, your children will probably be your main focus. Most parents want to pass along property that has emotional significance to their children while also providing them with financial support. You may imagine that your...
Did you know that some people create several wills over their lifetimes? When the contents of a will no longer meet their needs, many people just make a new one. You do not need to make a new will every time your life undergoes significant changes. Instead, you can...
Making an estate plan is a responsible thing to do as an adult, especially if you have children. With an estate plan, you can ensure that your spouse and kids receive your assets when you pass away. However, things in life change. When they do, your estate plan needs...