It is important that Virginia residents understand the importance of creating estate plans that meet their needs and fulfill their testamentary desires. One of the most foundational estate planning documents that individuals may choose to execute is a will. To legally...
Estate Planning
Multiple wills confuse estate of legendary singer
Virginia residents should execute wills and other estate planning documents. That is because these testamentary tools may be used to distribute their estates and wealth according to their own intentions after they pass away. Without estate plans, an individual's...
When may a will be considered invalid?
It is important that individuals who wish to create and execute wills in Virginia speak with attorneys who work in the estate planning field. That is because the Commonwealth imposes certain requirements on wills in order for them to be considered valid. When a will...
Estate planning for high-conflict families
Family relationships are complicated, and many families in Virginia have their fair share of squabbles. However, when it comes to estate planning, family feuds can complicate matters. A person might want to name some relatives as heirs but not others, or an heir might...
Why might one include a special needs trust in their estate plan?
Raising a special needs child is an act of love, and many parents in Virginia who find themselves in such a situation want to do all they can to make sure their special needs child lives life to its fullest. However, parents of special needs children may be concerned...
Why would I want to include a revocable trust in my estate plan?
People executing an estate plan have a lot of options to consider. One estate planning tool that many people in Virginia find useful is a revocable trust. A person (known as the grantor) can execute a revocable trust but, as the name implies, retains the ability to...
How does a remarriage affect one’s estate plan?
According to the Census Bureau, approximately 17 percent of people in the U.S. will marry a second time after their first marriage ends. While many in Virginia may feel lucky to have found love again following a death or divorce, the legal issues surrounding second...
How can a divorce affect a Virginian’s estate plan?
Some married couples in Virginia may have executed an estate plan together, never anticipating that one day their union may end. However, divorce is reality for many couples in the U.S. When a couple divorces, in addition to resolving their divorce legal issues, they...
Give your loved ones the gift of estate planning this season
As 2018 draws to a close and 2019 is upon us, it is a time of reflection. As a person takes stock of their life, what they've done and what they wish for the future and beyond, one thing that they may want to contemplate is executing an estate plan. A well-rounded...
Why is it so important to create an estate plan?
No one really wants to think about their death. However, death will come to all of us sooner or later. Through estate planning, we can address issues such as inheritances, end-of-life care and more. However, for a variety of reasons, not everyone in Virginia has...