Category Archives: Uncategorized
My Bank Offered Me A Transfer on Death or Payable On Death Designation: What Does This Mean?
If something happens to you, you may want a loved one or a friend to get immediate access to your bank accounts. This helps prevent that asset from being tied up in the probate process and allows that loved one the chance to use those funds much sooner. Especially if you want to help… Read More »
Will My Retirement Account Go Through Probate?
Every asset you own should be planned for accordingly in your estate plan. If you’re not familiar with this process or want the insight of someone familiar with your options, finding an area estate planning lawyer is crucial. If you don’t properly designate your beneficiaries for your retirement accounts, these may end up going… Read More »
Four Things to Consider Including in a Virginia Living Will
Do you have specific intentions about the medical care you do or don’t want at some point in your life? What if you’re not in the condition to be able to articulate these concerns for yourself? A Virginia living will is a medical directive that allows you to explain your wishes about what kinds… Read More »
What Assets Need to Be Included in My Estate Inventory?
Each person’s estate inventory will look unique, but a careful consideration of the different types of assets that should be included can make it easier for your estate executor and your loved ones when you pass away. One of the primary reasons that people sit down to establish an estate plan is to ensure… Read More »
Study Shows There May Be a Gap in Terms of Retirement Savings and Gender
A new Merrill Lynch study indicates that women may have to work harder than men to save for retirement. This may not come as a surprise to many of the women who are now approaching increasing longevity numbers and who must find a way to make things work in their future, possibly without the… Read More »
What Happens to Your Social Media Accounts When You Pass Away?
The sudden loss of a loved one can present many unique legal challenges to your family members and those responsible for managing your estate but a common question that has become increasingly important in recent years is what happens to your social media. Social media sites such as Facebook have their own rules about… Read More »
The Connection Between Your Estate Plan and Your Real Estate in Virginia
Most people don’t like to think about the prospect of estate planning, but it is also a necessity that needs to be dealt with. What will happen to your home when you pass away?The final wishes for a loved can become extremely messy and even controversial with your loved ones if you have not… Read More »
Why You May Want to Choose Trusts Over Wills
Last Will Concept After you have consulted with an experienced estate planning attorney to determine whether or not the estate tax will influence your assets after you pass away, it is then important to move on to the process of planning for your beneficiaries after you pass away. There are several different avenues for… Read More »
Business owners often overlook business in estate planning
When it comes to estate planning, many business owners make plans that overlook their most obvious asset: the business. “The majority of business owners do not have a business succession plan in place,” according to an article on the website of the National Association of Estate Planners and Councils by Susan P. Rounds, director… Read More »
Caregivers of growing elderly population increasingly diverse
As America ages, it is also growing more and more diverse. The confluence of these factors is that the entire realm of caregiving, family members or friends taking care of an older loved one, are increasingly diverse. Society, and those involved with helping older people make their way through the rest of their lives,… Read More »