Seniors in the Commonwealth of Virginia may need support in the form of a health plan. The PACE Program, also known as the Program of All Inclusive Care for the Elderly, allows seniors to have a total health care solution that is separate from a nursing h ...
How Does Virginia Medicaid Evaluate Senior Applicants?
Every state has the responsibility of determining what parameters will allow a person to receive Medicaid payments. Since Medicaid is a government program designed to provide parties who have no other method of paying for their care, it is important to pl ...
Should You Use a Gift Account for Minors?
Expanding your family through the birth of grandchildren is an exciting prospect. It also prompts plenty of grandparents to think about how they could effectively help their grandchildren save. This is a common goal for many parents as well as grandpar ...
Do Virginia Executors Get Paid?
The role of serving as a Virginia executor or sometimes referred to in other states as the personal representative of an estate can require a lot of work. Per Virginia code section 64.2-1208, the commissioner of accounts allows for a personal representati ...
Four Ways to Simplify or Avoid Probate
Given that probate can be expensive as well as a drawn out process, it's no surprise that many people turn to estate planning strategies to avoid or simplify probate. Although in many cases probate can be streamlined, it might be best to think about strat ...
What If I Don’t Want to Be the Executor of Someone Else’s Estate?
Being appointed as an executor comes with a significant set of responsibilities and a high level of ethics that call upon you to carry out important tasks with a focus on details and the law. The support of an experienced estate planning professional is r ...
Three Changes to Retirement Savings That Might Impact You in 2021
The CARES Act or the Coronavirus Aid Relief and Economic Security Act gave some significant benefits to retirement savers in 2020. However, the disappearance of these in 2021 means you may need to consider alternative planning options. The first major cha ...
Study Shows Americans Look at Trusts, Wills and Life Insurance In 2020
There are always good reasons to update an estate plan, such as big changes in laws impacting estate and gift taxes or changes in your personal life that warrant new beneficiaries. But world events or family events might also prompt you to rethink your st ...
Update Your Emergency Fund and Your Estate Plan in 2021
End of year provides unique planning opportunities to close up loopholes or to evaluate whether your life circumstances should prompt you to change strategies altogether. A couple of key tips can help you reorganize before 2021 and ensure that you enter t ...
What Is Disinheriting a Beneficiary?
You've probably heard plenty of advice that you need to distribute your assets in your estate in a streamlined manner using estate planning documents. This is a basic tenet of the concept of estate planning and can be very beneficial for ensuring that you ...