Author Archives: Site Administrator
Why Women Have to Take Control Over Their Finances and Their Planning
Women hold significant power when it comes to finances in some respects and yet many of them defer plenty of decisions to their spouses. Failing to take control of your finances as a woman means that you couldn’t neglect important long-term care planning opportunities and many of the important financial issues that surround the… Read More »
What Does It Really Mean to Be a Fiduciary?
The financial and estate planning world is filled with important terms that must be properly understood in order to make educated decisions to protect your interests. The concept behind a fiduciary is relatively simple but very important to understand. A fiduciary is a corporate entity or a person who has been appointed to act… Read More »
New Study Shows People More Interested in In-Home Care
Do you know how you’ll get support if you have healthcare needs or day-to-day living needs that extend beyond what you can provide for yourself? These issues should be incorporated into your Virginia elder law plan in accordance with state laws and your own preferences. Going to a nursing home is not the only… Read More »
Do I Really Need to Be Concerned About Probate?
You might have heard other people mention probate and their desire in engaging with the right estate planning attorney to avoid it. Probate might also be referred to as estate administration and references the different types of tasks that must be done in order to close out your estate. A probate case can be… Read More »
How Should I Choose My Trustee?
You know that a trust empowers you to accomplish a broader range of your estate planning goals, but a trust is only helpful as a tool when it’s been funded the right way and is managed by a knowledgeable trustee. It’s an important decision to select the person who will be responsible for managing… Read More »
Study Shows that Some of America’s Wealthiest People Are Ready to Transfer Their Assets
The tax overhaul from 2017 has prompted many people to rethink their overall estate and tax strategies. The coronavirus pandemic has also made it easier for some of America’s wealthiest families to pass on assets to their grandchildren and children tax free. Volatile markets and plunging interest rates have created a unique opportunity just… Read More »
How Do You Account for Loans and Gifts to Your Children in Your Estate Plan?
Most parents want to do everything they can to minimize the possibility of conflict among their loved ones after the parents pass away. Unfortunately, conflicts can arise if you have loaned or gifted money to certain children and not others. Having a solid strategy inside your estate plan can minimize the possibility for conflict… Read More »
How Long Does It Really Take for an Estate to Be Settled?
If someone passes away in Virginia there are many different details that must be handled by the person appointed to take over administration of the estate. This can also be complicated if the person’s information or assets can’t be easily found. If it has been several years since someone that you knew passed away… Read More »
What Is the Job of a Financial Power of Attorney?
Has a loved one recently named you as their financial power of attorney? Do you understand all of the potential responsibilities that this entails? Hopefully you won’t need to spring into action as a financial power of attorney agent immediately, but it is well worth thinking about. A financial power of attorney is a… Read More »
Is My Will Valid in Virginia?
Every estate planning document has its own execution requirements in order for it to be viewed as valid in Virginia. A typewritten will typically must be signed in the presence of two witnesses. However, there is no existing requirement in Virginia that those witnesses be disinterested. A typewritten will could still be classified as… Read More »