Recent Blog Posts
Have You Answered the Right Estate Planning Questions?
Most people assume that creating a will is the beginning and the end of their estate planning but failing to incorporate all different aspects of planning could increase the chances for fights or confusion after you pass away. Most people want to minimize these challenges and any potential obstacles that their heirs could face…. Read More »
Should You Give All of Your Assets to Your Adult Child?
Deciding whether or not to gift something over the course of your life or to pass it on once you are no longer around is an important decision, especially with regard to the federal gift tax. Every person can gift up to $15000 per year free of gift tax. This means that you do… Read More »
Passing on Your Special Collection to Loved Ones
No matter what you collect, be it stamps, coins, art, or classic toys, you probably have devoted a significant amount of money as well as time to pursuing this passion, but have you done the forethought to think about what will happen to your collection if you pass away? Many people don’t like to… Read More »
Does My Elderly Parent Need a POA?
There are many scenarios when it makes sense for your elderly parent to have a power of attorney document in place that names you as the agent. While some of these situations help in terms of convenience, there are others that might arise making it a real necessity to be able to speak up… Read More »
Not Married? You Still Need an Estate Plan
As an unmarried couple, you might assume that you don’t have as much at stake if something were to happen to you or your partner. Whether you’ve legally tied the knot or not, you still need to think about how to protect yourself and your loved ones. Adding children to your family is certainly… Read More »
What Is the Difference Between A Durable Power of Attorney and A Power of Attorney?
If you are planning on setting up a consultation with an experienced Virginia estate planning lawyer, one of your questions might be about some of the tools you’ll use over the course of your life to enable other people to make decisions on your behalf. One of these most popular forms is a power… Read More »
What Is a Payable on Death Account?
You might discover in the process of administering someone else’s estate or in structuring your own estate the existence of a payable on death account. A POD account is an arrangement between a credit union or bank and a client that designates the beneficiaries who will receive all of the assets belonging to that… Read More »
What’s the Cost of Skipping Out On Estate Planning?
There are many different fears that lead people to avoid engaging in the estate planning process. It might seem like this is something it isn’t applicable to you because of your overall good health, young age or belief that you have many years left to sort this out. However, failing to accomplish estate planning… Read More »
Do I Really Need Life Insurance Beneficiaries?
So you already have a life insurance policy in place as part of your estate plan- smart move. As part of your application and final policy approval process the company probably gave you a beneficiary form. This form is extremely important and should not be ignored. Even if you write in your will that… Read More »
Do You Need Medicaid in Virginia for Your Long-Term Care?
At least 50% of healthy Americans above age 65 will need some form of long-term care in the future. This can come in the form of home care, assisted living or nursing home care. This kind of care might be necessary but regardless of the setting it can be very cost prohibitive. There are… Read More »