Recent Blog Posts
Study Shows Estate Planning More Accessible, But Still Confusing to Many
Most people understand the basic concept of estate planning. If they’ve had a personal interaction with estate planning, it’s usually due to a loved one who either had an extremely organized estate or someone who had no estate plan at all. Working with a qualified estate planning attorney is one way to make this… Read More »
How Does Gray Divorce Affect Your Estate Planning?
Any major change in your life should warrant an update in your estate planning, and divorce is no exception. Getting divorced later on in life can have a significant impact on your finances. Although it is certainly true that divorce can alter your finances at any age, it is extremely important to consider how… Read More »
How To Review Benefits And Insurance For Possible Incapacity Planning
Working through the financial and estate planning process means thinking about what happens to you or your assets if you become unable to speak for yourself or care for yourself. Planning for the unexpected and developing contingency plans is crucial, even though you hope you never have to activate these plans. Unwelcome events can… Read More »
What To Know About Naming Beneficiary Designations Following The Secure Act
Tax advantaged accounts, such as IRAs and qualified retirement plans like 403(b)s or 401(k)s require specific estate planning strategies. Creating a trust in and of itself may not be enough to protect the estate planning intentions of the creator of that trust. Revocable living trusts are usually funded with a person’s real estate, non-retirement… Read More »
Three Common Questions About Trusts in Virginia
Establishment of a trust as part of your estate plan is a common goal for an increasing number of people. There are many different advantages that can be levied using a trust, but it is important to work with a qualified Virginia Beach, Virginia estate planning attorney. What Are the Biggest Reasons For Using… Read More »
Mistakes People Make with Virginia Medicaid for Nursing Homes
Virginia Medicaid may be one important way for you to be able to cover the bills associated with nursing home care, but many people have misconceptions about how this program works and how best to understand it. This means you need to have an experienced and qualified lawyer to guide you through the process… Read More »
Should You Use Charitable Bequests in Estate Planning?
If you want all or part of your estate to help support causes you care about, then making charitable bequests is one great way to do so. There are many different ways that you can choose to gift things to charities, but in order to decide what works the best for your personal goals,… Read More »
Why Is Planning Ahead For Minimizing Taxes So Important In Retirement?
Taxes are one of the most certain things in life, but they often catch many retirees off guard. Planning now for potential tax consequences in the future will help not just you, but also when you establish your estate planning strategies for passing on assets to your loved one. Too many seniors enter their… Read More »
Using A Personal Property Memorandum in Virginia
Although not every heirloom that you own is worth a great deal of money, it may have significant sentimental value to you and others in the family. If you have family members who would like to receive specific items or you have specific intention about where these heirlooms go, it is a good idea… Read More »
Will Virginia Medicaid Will Pay For My Nursing Home?
The decision to place a loved one in a nursing home can be sudden. The person’s condition may have declined to the point that they immediately need nursing home support, or they may have suffered in a recent accident or injury that leaves them no option but to recover inside a nursing home. In… Read More »