Author Archives: Site Administrator
Not Married? You Still Need an Estate Plan
As an unmarried couple, you might assume that you don’t have as much at stake if something were to happen to you or your partner. Whether you’ve legally tied the knot or not, you still need to think about how to protect yourself and your loved ones. Adding children to your family is certainly… Read More »
What Is the Difference Between A Durable Power of Attorney and A Power of Attorney?
If you are planning on setting up a consultation with an experienced Virginia estate planning lawyer, one of your questions might be about some of the tools you’ll use over the course of your life to enable other people to make decisions on your behalf. One of these most popular forms is a power… Read More »
What Is a Payable on Death Account?
You might discover in the process of administering someone else’s estate or in structuring your own estate the existence of a payable on death account. A POD account is an arrangement between a credit union or bank and a client that designates the beneficiaries who will receive all of the assets belonging to that… Read More »
What’s the Cost of Skipping Out On Estate Planning?
There are many different fears that lead people to avoid engaging in the estate planning process. It might seem like this is something it isn’t applicable to you because of your overall good health, young age or belief that you have many years left to sort this out. However, failing to accomplish estate planning… Read More »
Do I Really Need Life Insurance Beneficiaries?
So you already have a life insurance policy in place as part of your estate plan- smart move. As part of your application and final policy approval process the company probably gave you a beneficiary form. This form is extremely important and should not be ignored. Even if you write in your will that… Read More »
Do You Need Medicaid in Virginia for Your Long-Term Care?
At least 50% of healthy Americans above age 65 will need some form of long-term care in the future. This can come in the form of home care, assisted living or nursing home care. This kind of care might be necessary but regardless of the setting it can be very cost prohibitive. There are… Read More »
Should You Name an Independent Executor?
One important part of the process of creating a will for your estate is choosing who will serve in the role of executor. The executor has to play many important roles in the management of your estate, including all the paperwork. If you don’t anticipate any major problems with your estate or arguments within… Read More »
Does Your Elder Law Plan Include Long Term Care Insurance?
You might not know just how many people rely on long-term care to deal with an ongoing or a short-term medical issue, but the odds show that there’s a good chance you’ll need long term care in the future. If you don’t have any other plan in place and you don’t qualify for Medicaid… Read More »
What is Elder Financial Abuse?
Are you concerned about your elderly loved one being exposed to potential financial abuse? Elder financial abuse has a broad reach across not just Virginia but all over the country. There are three big reasons why the elderly are often targeted: cognitive and physical changes associated with aging, dependency on other people, and the… Read More »
Should I Transfer My IRA to My Spouse in My Estate?
There are many different rules associated with passing on an IRA to a beneficiary. In addition to filling out the company specific forms to determine the designated beneficiary to receive these account assets, it’s important to decide which person in your family for whom it makes the most sense to receive these particular benefits…. Read More »