Before an executor can serve in their future duties as personal representative for a deceased person's estate, they must begin by inventorying all assets. Identifying all assets that belong to the decedents and safekeeping them if necessary are two import ...
What Is Intestate?
Estate planning refers to comprehensive financial planning such as making a will, using trusts or pulling together other strategies that help pass on your assets after you pass away. If you do not have a will as part of your estate planning, however, you ...
Are You Sending Your Child to College with a Power of Attorney Form?
As a parent it's easy to feel like your job might never be done but as your child goes off to college this fall, remember that you will not be able to make decisions for them if they are age 18 and above. This is because they are viewed as a legal adult a ...
What are Some Reasons for Someone to Get Incapacitated?
Estate planning seems like the right choice for someone older with a lot of assets, but this overlooks the possibility of incapacity issues that could derail your family or chosen agents from being able to act quickly. Incapacity planning is all about ...
What Are Transfer on Death Accounts?
Transfer on death accounts are those accounts that allow you to move ownership to a beneficiary when you, as the owner, pass away. This is recognized under certain state laws and doesn't require the involvement of the probate courts. Many different assets ...
What is the PACE Program in Virginia?
PACE stands for the Program of All Inclusive Care for the Elderly. And this movement has gained a lot of momentum in recent months, particularly as it relates to concerns about care for the elderly and protecting them well into their later years in life. ...
Study Shows Women Are Rarely Involved in Couples’ Retirement Planning
When you and your partner are thinking about your future together in retirement, have you had conversations to get on the same page about your savings and expense strategies? Retirement is a lifestyle adjustment, especially when you’ve been used to workin ...
Is An Executor Responsible for Managing Estate Property?
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. ...