Author Archives: Site Administrator
Three Common Questions About Trusts in Virginia
Establishment of a trust as part of your estate plan is a common goal for an increasing number of people. There are many different advantages that can be levied using a trust, but it is important to work with a qualified Virginia Beach, Virginia estate planning attorney. What Are the Biggest Reasons For Using… Read More »
Mistakes People Make with Virginia Medicaid for Nursing Homes
Virginia Medicaid may be one important way for you to be able to cover the bills associated with nursing home care, but many people have misconceptions about how this program works and how best to understand it. This means you need to have an experienced and qualified lawyer to guide you through the process… Read More »
Should You Use Charitable Bequests in Estate Planning?
If you want all or part of your estate to help support causes you care about, then making charitable bequests is one great way to do so. There are many different ways that you can choose to gift things to charities, but in order to decide what works the best for your personal goals,… Read More »
Why Is Planning Ahead For Minimizing Taxes So Important In Retirement?
Taxes are one of the most certain things in life, but they often catch many retirees off guard. Planning now for potential tax consequences in the future will help not just you, but also when you establish your estate planning strategies for passing on assets to your loved one. Too many seniors enter their… Read More »
Using A Personal Property Memorandum in Virginia
Although not every heirloom that you own is worth a great deal of money, it may have significant sentimental value to you and others in the family. If you have family members who would like to receive specific items or you have specific intention about where these heirlooms go, it is a good idea… Read More »
Will Virginia Medicaid Will Pay For My Nursing Home?
The decision to place a loved one in a nursing home can be sudden. The person’s condition may have declined to the point that they immediately need nursing home support, or they may have suffered in a recent accident or injury that leaves them no option but to recover inside a nursing home. In… Read More »
When Should I Update My Living Will?
Like all estate planning documents, there are certain circumstances that call for you to update your living will. Making sure that your estate planning materials are regularly updated will ensure that if something happens to you that your plan will be followed. Update your living will in the following circumstances: There has been a… Read More »
James Brown’s Estate Settles For Sale Of $90 Million
Owning a lot of assets presents unique estate planning challenges, a lesson that has left many potential heirs of celebrity estates with more questions than answers in recent years. James Brown, like many other celebrities who have become the subject of recent study, did not complete his estate planning prior to passing away. It… Read More »
Americans Are Retiring Later In Life. What Does This Mean For You?
Research shows that Americans are now retiring as many as four years later in their life than they did when compared to 30 years ago. Gallup, the Center for Retirement Research and the American Enterprise Institute have all conducted research studies to find the average retirement age. Deciding the right age to retire is… Read More »
What to Think About Before Creating a Trust in Virginia
Whether you are creating a trust for tax or non-tax purposes, it is extremely important to work with a qualified estate planning attorney. An appropriately drafted agreement can fulfill your intentions and ensure that you accomplish the goals you have structured. Your trust should include a variety of different important information including: The names… Read More »