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. ...
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 ...