Author Archives: Site Administrator
How Long Does Probate Take in Virginia?
In Virginia probate is the process of proving before the appropriate court, that any document submitted as belonging to the decedent are legally valid and genuine. Typically the executor that is appointed in your will presents this document to the clerk of the circuit court in the county or city in which you lived… Read More »
Are You Concerned About Long Term Care Costs?
Does your estate plan account for long-term care costs? If not, you could end up paying out of your own retirement savings to cover necessary expenses for your care or for a spouse’s. Studies have found that most people over age 65 will eventually need help with daily tasks of living, such as getting… Read More »
How Do I Know If My Virginia Will is Valid?
Certain requirements must be met in every single state for a will to be valid. The following issues should always be taken into consideration when creating your Virginia will, since wills are the most common way for a Virginia resident to take control of how the state manages their assets when the will creator… Read More »
What Role Do Your Pets Play in Your Virginia Estate Planning?
You likely view your pets as part of your family and therefore, you want to ensure that they can be taken care of if something were to happen to you. The most elaborate option, but also the one that gives you the greatest peace of mind and control, is to establish a pet trust…. Read More »
When Is an Irrevocable Trust the Right Choice?
Lost wills and testaments in Virginia require a probate process in order to distribute assets to heirs, but the use of a trust can avoid probate. Your personal and lifestyle preferences will help you determine whether or not an irrevocable trust or a revocable trust is most appropriate for your needs. A Virginia irrevocable… Read More »
What Are the Rights of Interested Parties in A Virginia Estate?
Interested individuals is a term that is used to describe the heirs to an estate or the people who have been formally named in a last will and testament as outlined under Virginia law. There are many different common misconceptions associated with interested parties. One of these includes if an individual is an heir… Read More »
What Is Required to Open an Estate in Virginia?
Regardless of the size of your Virginia estate, it is critical to establish a plan that can help prepare for the future. Having a necessary framework of your Virginia estate plan in place enables your loved ones to have a comprehensive guide to follow. To formally open a Virginia estate, an individual must first… Read More »
Does a New Virginia Resident Need to Update Their Wills?
Welcome to the Commonwealth of Virginia. This is a wonderful and beautiful place to live and it’s easy to get caught up in the hubbub of moving and forget some of the most important aspects of your personal life that should be handled properly as soon as you wind up in Virginia. You’ll need… Read More »
How Does Someone Qualify as A Personal Representative in The Commonwealth of Virginia?
Each state has specific rules about who can and cannot serve as a personal representative. Being mindful of this and thinking carefully about who you want to serve in this role, who is eligible to serve in this role, and who has the necessary skills and organization to serve in this role, can all… Read More »
What Is the Role of Using A Trust in Virginia Estate Planning?
Most people know that the basic core component of an estate plan is a will, but not everyone understands why trusts can also be a critical component of a clear and comprehensive estate plan. This means you must understand the state rules surrounding wills and trusts, and this process can be explained to you… Read More »