One of the biggest decisions to make when drafting your will is naming the executor of your estate. This position is vital because the executor handles filing your will and death certificate, closing out accounts and carrying out your final wishes. Selecting the right...
Wills are a useful tool for estate planning, but they are not the ultimate authority for dividing an estate. Certain state and local laws may supersede the wishes a decedent leaves in a will, and other contracts and agreements may override it. For example, if the...
Virginia residents who are just beginning the estate planning process may have varying goals in mind. For some, the efficient process of passing on assets is one of the main goals, which includes avoiding the probate process if at all possible. For others, ensuring...
Many Virginia residents put off the estate planning process because they think it will be too complicated and, perhaps, not worth the effort. But, that isn’t always the case. Most people don’t need complicated estate planning setups and can get by with the basic...
Those in Virginia who undergo estate planning do so to secure assets and ensure a better future for their loved ones. Wills and trusts are common ways to secure assets, but it is important to know the differences between these two types of estate planning...
Every Virginia resident needs an estate plan, regardless of age and income level. Discussing death can be difficult, but death is something that will happen to every person, so why not have a plan in place? Wills and trusts are estate planning tools that...
Everyone knows that planning for the future is smart. Yet, many Virginia families often procrastinate when it comes to planning for the inevitable event of death. This is especially true for couples who have no children. However, even child-free families need to...
Without question, it is helpful to have lawful protection of assets in writing when planning for the inevitable event of death. A way to do this is with wills and trusts. Wills are fairly basic and detail who will receive assets upon...
Planning for the inevitable event of death can protect loved ones and save them from facing difficult situations. It goes without saying that planning for death is one of the most important things a person can do, yet so many families in...
Death is one of the few guarantees in life. Although death is inevitable, its a subject that is never easy to talk about. However, in the event of death, having a plan will ensure that assets and families are protected. Unfortunately, it's not...