Author Archives: Site Administrator
I Recently Moved to Virginia. Is My Will Still Valid?
Among all of the changes that you’ll need to make when you move to a new state, voter registration, driver’s license and updating all of your bank account and credit card addresses, don’t forget your will. There is a good chance that your current will is still valid in your new state but there… Read More »
Is it Time to Revisit Your Financial Plan?
Deciding to retire brings with it a variety of different logistical decisions that need to be made but also plenty of emotions about making this transition in your life. Concerns about your financial future and excitement for the new freedom you might face are both common feelings and many people have these at the… Read More »
I’ve Been Offered a Funeral Trust. What Is It?
Many years ago in estate planning it was very common for banks and other financial institutions to present you with a form that could be used for ensuring that you have a method to pay for your final arrangements. A funeral trust is simply that: a trust that has been created to pay for… Read More »
Study Shows the Pandemic Has Influenced Retirement Plans
Retirement and estate planning are inextricably linked. This means that you can’t consider one without properly considering the other, and world events can certainly have an impact on your overall level of confidence in your estate planning. A recent study by the TransAmerica Center for Retirement Studies found that one out of five millennials… Read More »
Tips for Naming Your Living Trust
You know that you want to set up a living trust and have already established a relationship with an experienced estate planning attorney to help you get there. Your living trust enables you to transfer property to the charities and people of your choice without having them go through the probate court supervised process…. Read More »
What You Need to Know About Unwanted RMDs?
The IRS recently released news that is important for those who have retirement savings. In late June, the IRS expanded the relief that was provided by Congress in the CARES Act, which allows for the return of unwanted required minimum distributions. In addition, this law also expanded coronavirus related distribution provision so that more… Read More »
Is There Any Property That Should Be Left Out of a Will?
Not all property will be passed on as a result of what’s listed in your last will and testament. You’ll need to consider including and excluding the right assets by partnering with a trusted estate planning lawyer to help you. There are several different kinds of property that you should expressly leave out of… Read More »
Can My Executor Change My Will?
Your will is referred to as a “last will and testament” for a reason: so long as it’s legally valid, in the vast majority of cases, it cannot be changed by an executor after you pass away. Your will is your opportunity to share your plans and intentions so that they can be handled… Read More »
What Is Guardianship in Relation to Estate Planning?
Guardianship is often referred to, in conjunction with your plans inside your will, to the process of naming another person to take responsibility for your minor children if something happens to you and your partner. Guardianship, however, is not limited to children alone. It is a legally recognized status that is used when a… Read More »
Should You Use a Funeral Planning Declaration with Your Estate Planning Documents?
Do you want to make things as easy as possible for your loved ones? While it’s an uncomfortable topic to think about your own mortality, an easier way to approach these concepts includes thinking about how you want to help your family members adjust. Estate planning involves all of the different documents that help… Read More »