Category Archives: Estate Planning
What Does It Mean to Say That Someone Is Incapacitated?
The process of estate planning includes thinking about what happens to your property and care of your pets and minor children after you pass away, but also puts in motion plans or the people who will help facilitate things if something happens to you. This primarily helps with issues of incapacitation, when someone is… Read More »
What Are the Most Popular Estate Planning Trusts to Use in Virginia?
Estate planning tools vary, and different people will use different documents and strategies to accomplish their goal. Perhaps you’ve heard about the concept of trusts and the purpose they can serve in your overall estate plan. Recognizing various types of trusts will help you to have a conversation with your estate planning attorney in… Read More »
What to Do if You’re Not Ready to Make Long-Term Decisions for Your Estate Plan
Many different myths lead some people to ignore their estate plan. These myths, such as not being worth enough money, or assuming that estate plans only apply much later in life, could make things very difficult for your loved ones if something happens to you. One of the reasons for putting off estate planning… Read More »
Why Would I Use Permanent Life Insurance as Part of My Estate Plan?
Most people understand the general concept behind life insurance. When you pass away, your chosen beneficiaries receive a payout from the life insurance company. This can be purchased on a term basis such as 10, 15, 20 or 30 years, or as permanent life insurance which typically covers you until age 120. Term life… Read More »
Do I Also Need a Financial Advisor for Estate Planning Purposes?
Estate planning often leads many people to seek experienced assistance in the form of an estate planning lawyer. However, there may be other professionals you should include in all your discussions about planning your estate and future retirement, such as a financial advisor. You may also collaborate with your insurance agent and CPA throughout… Read More »
Are You Delaying Estate Planning by Underestimating the Future?
It can be challenging to contemplate the uncertainties that lie ahead, but tackling estate planning now can make it simpler to take proactive measures or provide assistance to your loved ones down the line. Unfortunately, numerous individuals dismiss the notion of estate planning, believing it to be a distant concern that doesn’t apply to… Read More »
How To Organize and Categorize Your Assets for Estate Planning Purposes
You can’t create a comprehensive estate planning without knowing what you own, what you owe and how you intend to address those various issues in documents and planning. Start by making a list of your assets which can include many different things, from stocks and bonds to real estate, to land you purchased, to… Read More »
Estate Planning: What If My Asset Types Are Not Equal in Value?
If you have a spouse and multiple children, there is a good chance you may want to account for each of them in your estate plan. It is hard to divvy up assets in an estate plan if you don’t first start by creating an inventory of all of your assets and liabilities. Assets… Read More »
Make Your Estate Easier for Your Family: 4 Reasons
It can be difficult to approach the task of estate planning without confronting your own morbidity. Most people hope they’ll live for many more years and be able to provide care for their family members or spouse along that period. However, sitting down with an estate planning attorney is strongly recommended as it can… Read More »
How Often Should I Audit My Estate Plan?
Auditing your estate plan sets you up to review your existing strategies, tools, and documents, ideally with the help of a knowledgeable estate planning attorney to discuss what’s still relevant and what may require updates. Many different circumstances might prompt you to work with a talented estate planning attorney in VA to set things… Read More »