Recent Blog Posts
Start Your Year-End Planning Now
You might be tempted to wait until the end of December to evaluate your current savings, investment, retirement and other financial strategies. But because you may want to adapt these before the New Year, now is the perfect time to assess and evaluate these issues and ask questions. Waiting until the last minute could… Read More »
Communication Is Key for Creating Your Estate Plan
Many people know firsthand the frustration and confusion that can come when a loved one doesn’t complete their estate plan. In many scenarios, this can involve family members looking for old copies of wills and disputes filed over which version of the will is accurate. It can also lead to the state distributing your… Read More »
Have You Thought About How Your Children Will Divide Household Items?
These items can easily be overlooked in your comprehensive estate plan, especially when there are bigger ticket items such as a piece of property or substantial assets in a retirement account. But household items can also easily become the subject of an estate planning dispute or arguments among your children and other family members…. Read More »
Do 529 Plan Gifts Get Federal Or State Gift Tax Benefits?
If you choose to establish a 529 savings plan for a beneficiary, you can also elect to set this up for as many beneficiaries as you want. These education saving plans are very popular as estate planning tools, and are very valuable for grandparents who wish to support their grandchildren’s future education. Although you… Read More »
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 »