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 ...

Should You Name an Independent Executor?

One important part of the process of creating a will for your estate is choosing who will serve in the role of executor. The executor has to play many important roles in the management of your estate, including all the paperwork. If you don’t anticipate ...

What is Elder Financial Abuse?

Are you concerned about your elderly loved one being exposed to potential financial abuse? Elder financial abuse has a broad reach across not just Virginia but all over the country. There are three big reasons why the elderly are often targeted: cognitive ...

Should I Transfer My IRA to My Spouse in My Estate?

There are many different rules associated with passing on an IRA to a beneficiary. In addition to filling out the company specific forms to determine the designated beneficiary to receive these account assets, it's important to decide which person in you ...

IRA Estate Planning Basics for Virginia Residents

Several different types of retirement accounts, including 403(b) accounts, individual retirement accounts and 401(k) accounts, are often a part of individuals' estate plans. These must be dealt with accordingly as it relates to passing these on to other p ...

Can Someone Be Removed as an Executor in Virginia?

An executor is the person associated with the administration of a Virginia estate of a deceased individual during probate. The court can appoint this person named in the will as executor. In some cases, however, this person is also named as a beneficiary ...