An estate plan gives you a place to articulate your end-of-life wishes and describe what you would like your loved ones to do with your assets. Maintaining your plan is a continual process. Throughout your life, you may experience significant changes that may impact...
Having Medicare and Medicaid can be an ideal way to ensure you have maximum insurance coverage. However, Medicaid is an income-based service. You must qualify by coming in under income thresholds. When figuring your eligibility, the state will consider your assets...
An advance medical directive is a planning tool for future medical complications. The directive is a legal document that explains how you want others to handle your medical decisions when you cannot make those decisions yourself. Advance directives are not just for...
Lately, you do more and more to help take care of your retired parents. Is it time to consider seeking guardianship for your aging mother and father? Forbes breaks down scenarios in which adult children may want to look into guardianship. Learn when to step in without...
As your parents get older, you may wonder whether the time will ever come when they are unable to make their own decisions. If that time does come, you may worry about what will happen and whether you can make decisions on their behalf. You may be aware that there...
Data from the U.S. Census Bureau indicates that 17% of divorced or widowed spouses get married again. Among people 55 and older, the rate of remarriage has grown in recent decades. Remarried spouses should pay attention to the unique nature of estate planning when...
Even if you are still active and healthy, if you have not already done so, now is the time to establish an advance health care directive, also known as a living will. This important legal document ensures that care providers and loved ones know, respect and follow...
As an adult child, you want what is best for your parent’s health and wellness. Unfortunately, disabling conditions in the elderly may require you to take control of your parent’s care. As explained by the Virginia circuit court, the guardian takes responsibility for...
In Virginia, a couple can sign an agreement before or during the marriage that legally binds them to certain actions. Usually, these actions are financial or property-related, but they do not have to be. Here is what the law says about these agreements. Property The...
When most people think about planning for the fate of their properties and assets they will likely consider connecting with their attorneys and drafting a will. While there are many good reasons to start a will, a will cannot do everything that a revocable living...
