Author Archives: Site Administrator
What are Some Reasons for Someone to Get Incapacitated?
Estate planning seems like the right choice for someone older with a lot of assets, but this overlooks the possibility of incapacity issues that could derail your family or chosen agents from being able to act quickly. Incapacity planning is all about thinking through who is authorized to make decisions or take actions on… Read More »
What Are Transfer on Death Accounts?
Transfer on death accounts are those accounts that allow you to move ownership to a beneficiary when you, as the owner, pass away. This is recognized under certain state laws and doesn’t require the involvement of the probate courts. Many different assets can be covered by the transfer on death umbrella. Certain states will… Read More »
What is the PACE Program in Virginia?
PACE stands for the Program of All Inclusive Care for the Elderly. And this movement has gained a lot of momentum in recent months, particularly as it relates to concerns about care for the elderly and protecting them well into their later years in life. At its simplest definition, PACE is an alternative to… Read More »
Study Shows Women Are Rarely Involved in Couples’ Retirement Planning
When you and your partner are thinking about your future together in retirement, have you had conversations to get on the same page about your savings and expense strategies? Retirement is a lifestyle adjustment, especially when you’ve been used to working regularly and relying on that consistent income to pay your expenses. When saving… Read More »
Is An Executor Responsible for Managing Estate Property?
An executor, also known in some states as a personal representative, has many different responsibilities associated with closing out an estate. This is why most people sit down with their estate planning lawyer to name their executor in their will. This person formally opens the probate process but continues to carry out many of… Read More »
Do You Need an Estate Plan Maintenance Program?
Many estate planning law offices provide a broad range of different types of services for their clients. Understanding this terminology and the options available to you can help you to make an informed decision about what’s most appropriate for you. One such term is a maintenance program. This is a membership or maintenance program… Read More »
Why Is a Date of Death Value So Important for Your Estate Plan?
When you pass away, the individual appointed as your personal representative is responsible for handling many different tasks in closing out your estate. One of these includes getting date of death values for all property inside a trust or in your estate. This is true and required even if only one person will inherit… Read More »
What is Medicaid Expansion in Virginia?
Virginia undertook a program called Medicaid Expansion that now provides access to more residents than ever. Medicaid is a crucial program for low income residents, many of whom would not be able to afford things like nursing home care without support. But there are many misconceptions around how to get Medicaid coverage and support… Read More »
What Important Estate Planning Documents Should be Stored Together?
Any document that might be needed to explain legally binding directions regarding your decisions or your wishes should be stored safely so that it can be quickly and easily accessed if something happens to you. Most people already have a filing folder to keep things like birth certificates and Social Security cards but there… Read More »
What Do Virginians Need to Know About Medical Aid in Dying?
Medical aid in dying has become an increasingly popular subject as more people wish to include in their estate plans what this means for them and their specific wishes. This can be a highly personal decision and not necessarily one that your friends and family members agree with. A family member who is suffering… Read More »