Author Archives: Site Administrator
Are There Any Problems with Having Multiple Versions of a Will in Virginia?
Estate planning that transfers into estate administration and probate can be especially complicated in cases involving multiple wills. Many area residents have taken the time to draft a will, because these estate planning documents serve as an important way to determine how assets are distributed after the creator passes away. Multiple wills can be… Read More »
Nothing’s Changed in My Life- Do I Really Need Updates to My Estate Plan?
There are plenty of reasons to put off estate planning. One common response is “I’m still married to my first spouse and we have not had any more children since we last updated our estate plan.” This thinking, however, discounts the other changes that have happened in the world. The passage of time or… Read More »
How Honest Do I Need to Be with My VA Beach Estate Planning Attorney?
In order to create the most comprehensive and effective estate plan for you and your family in Virginia Beach, you’ll need to give your attorney detailed info about your financial arrangements and your assets. This can be a confusing process and one you might not feel comfortable with. Remember that estate planning is all… Read More »
Incorporating the Unique Concerns of Special Needs Kids in Your Estate Planning
Special needs children require careful consideration in the estate planning process. Whether you are planning to manage trusts or talk about who will step in to assist with the care of this minor child if you were to pass away, you need the support of an estate planning attorney in Virginia who is familiar… Read More »
Do Blended Families Need Different Estate Planning Options?
If you are on your second or third marriage and you have any form of blended family, you need to make estate planning and regular updates to it a top priority. Far too many people neglect this step and then end up in entangled arguments and put their loved ones in position for nothing… Read More »
Does A Trust Offer Asset Protection?
There are numerous different reasons why it might make sense to establish a trust for the purpose of meeting your estate planning goals. Far too many people misunderstand how trusts can be appropriately used and this means that the trust never gets funded and therefore is never able to pass on the assets to… Read More »
Have You Neglected Long Term Care Planning for Your Estate?
A recent Banker’s Life survey that included 1500 middle income Americans between the ages of 54 and 72 reveals that most baby boomers haven’t planned for long term care expenses. Around 10,000 people across the United States are turning 65 in the United States every single day, and of those, nearly 70% of people… Read More »
How Does A Trust Help to Prevent Bad Decisions in The Future?
There are numerous different reasons for establishing a trust, especially in light of the constantly shifting nature of estate tax reform. Clients often ask estate planning attorneys, why do really need a trust. It might seem as though the simplest approach is to use a last will and testament to document how you intend… Read More »
How to Take Care of Federal Gift and Estate Tax Exemptions In 2019
The Tax Cuts and Jobs Act still has significant impact on the process of estate planning. This means that many estate planning attorneys have had to adapt and re-strategize the best way for clients to take advantage of these federal gift tax and estate exemptions. One-third of respondents in the recent TD Wealth study… Read More »
Is It Possible You’ve Forgotten Assets in Your Estate Plan?
The number and type of assets that people own today is constantly evolving, which presents significant challenges for people who don’t look at their estate planning that often. Thankfully, an estate planning attorney can help to review your checklist of an inventory of items that go inside your estate. There are some assets that… Read More »