Category Archives: Estate Planning
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 »
When Will a Court Appoint Financial Conservatorship in VA?
Financial guardianship refers to the appointment of a chosen individual to take financial actions on someone else’s behalf. Financial guardianship may be necessary when the individual in question is no longer able to handle their finances on their own and no documents like a power of attorney are in place to direct who should… Read More »
Does Real Estate Get a Step Up in Basis When Put Inside A Trust?
Whether you own primary property or a vacation property in Virginia Beach, you need to plan for its future. The transfer of property can happen in a variety of ways and you should discuss your options with an estate planner. Many estate planning tools can help you to transfer assets smoothly and with more… Read More »
Is Outright Disinheritance the Right Choice For An Estranged Child?
Many people have significant changes in their relationship with their children that unfold in later years. The estate plan that you established when these children were born, or even when they went off to college, may no longer align with your individual wishes. You have the option to outright disinherit somebody if you truly… Read More »
What Other Important Papers Should My Executor Be Able to Find?
The documents and instructions left for your loved ones explain your wishes and help them find critical details they need in the aftermath of your death. If your loved ones or appointed executor can’t find these materials, this could delay the administration of your estate and add to an already difficult situation. Even if… Read More »
What To Know About Certain Assets That May Receive a Step Up in Basis
Completing your comprehensive estate plan is something that should be done with the support of a qualified estate planning lawyer. An estate planning lawyer helps you to look at all of the assets you own and all of your potential liabilities to determine how these may factor into your probate estate. Your entire estate… Read More »
Why You Need Estate Planning Now If You Have Health Issues
Every person of any age and health status can benefit from an estate plan to ensure that your wishes are carried out, but a person with significant health issues must prioritize their end-of-life planning. You will need a will that determines who receives your assets as well as appoint someone to care for any… Read More »