Estate planning is crucial to managing assets and ensuring your wishes are known after you pass. However, many misconceptions surround this process. Here, we debunk some of the most common myths about estate planning. Myth 1: Estate planning is only for the wealthy...
A will is intrinsic to most people’s estate planning. So much so, that it has almost become a byword for an estate plan. That can leave some people thinking that once they have made their will, they are finished with their estate planning. Unfortunately, it is not...
A will is a crucial component of any Virginia estate plan, especially as you age and begin to consider the assets you want to leave behind. But with age comes change: to your family, your finances and your goals. Updating your will as the circumstances of your life...
Probate is the legal procedure used to validate and authenticate a deceased person's will. The procedure is conducted via the courts. The process involves settling the deceased's outstanding taxes and debts, ascertaining the worth of their assets and transferring any...
Many people have an overly-simplistic concept of what should transpire during estate planning. Creating a will is important, but it is far from the only step necessary for the protection of an individual later in life and the support of their loved ones after their...
More and more, the digital world is intertwined with the physical. From the photos you keep of important events to your credit card statements – you have a wealth of digital assets. That’s why you need digital estate planning. In fact, a digital estate plan may be the...
Unmarried couples living together, building lives together and even having families together is no longer unusual in the United States – it’s almost the norm. Roughly 7% of the adult population in this country is living with their unmarried partners, and 59% of all...
Your estate plan is not just important to you but also to the people you included. Perhaps you named several close family members and friends as beneficiaries in your will. You likely have given the role of executor of the estate to someone you know. One of the...
Receiving an Alzheimer's diagnosis can be a life-altering moment, not only for an individual, but also for their loved ones. Even though you are likely feeling very overwhelmed right now, if you’ve been diagnosed with this condition, it’s important to consider...
A will is a legal document that instructs how your estate should be settled. It likely names an executor and lists beneficiaries and assets. A will is a fairly straightforward legal document, however, it is not without flaws. For example, a will might be challenged if...
