An executor, also known in some states as a personal representative, has many different responsibilities associated with closing out an estate. This is why most people sit down with their estate planning lawyer to name their executor in their will. This p ...
Do You Need an Estate Plan Maintenance Program?
Many estate planning law offices provide a broad range of different types of services for their clients. Understanding this terminology and the options available to you can help you to make an informed decision about what's most appropriate for you. One s ...
Why Is a Date of Death Value So Important for Your Estate Plan?
When you pass away, the individual appointed as your personal representative is responsible for handling many different tasks in closing out your estate. One of these includes getting date of death values for all property inside a trust or in your estate. ...
What is Medicaid Expansion in Virginia?
Virginia undertook a program called Medicaid Expansion that now provides access to more residents than ever. Medicaid is a crucial program for low income residents, many of whom would not be able to afford things like nursing home care without support. Bu ...
What Important Estate Planning Documents Should be Stored Together?
Any document that might be needed to explain legally binding directions regarding your decisions or your wishes should be stored safely so that it can be quickly and easily accessed if something happens to you. Most people already have a filing folder to ...
What Do Virginians Need to Know About Medical Aid in Dying?
Medical aid in dying has become an increasingly popular subject as more people wish to include in their estate plans what this means for them and their specific wishes. This can be a highly personal decision and not necessarily one that your friends and f ...
New Protections Available to Reverse Mortgage Non-Borrowing Spouses
Making the decision to get a reverse mortgage is one that you probably entered into with plenty of research, including how this could potentially impact the non-borrowing spouse. New updates in estate planning make for bigger protections for that non-borr ...
Do You Have a Just-In-Case List?
If something happened to you and you weren't able to speak for yourself, do you have a plan for who could find important documents and enable you to remain focused on your medical care? A just-in-case list provides important access details for a chosen ...
What Is a Designated Beneficiary?
Have you set up your retirement account with your employer or recently applied for life insurance? In either of these circumstances, you’ll need to choose someone to receive the assets inside these accounts/policies when you pass away. In general terms, t ...
Am I Eligible for the Virginia PACE Program?
PACE is an integrated program of care for Virginia residents age 55 or more who meet the following criteria: Have been certified as meeting functional needs for a nursing facility level of care. Will be able to safely reside inside a PACE service ...