Estate planning as a business-owning parent requires extra consideration. That business may make up a significant part of your estate. Passing it on is not as simple as passing on money or real estate. Here are three options you might want to consider for the...
Living independently is a common goal as people age. Most older adults do not want to give up their independence during their golden years. Unfortunately, not everyone can safely remain independent after they retire. Medical challenges and cognitive decline can make...
Getting left out of a parent’s will can feel like a punch in the gut, especially when it comes without warning or explanation. While Virginia law doesn’t guarantee that every child gets a share, being excluded doesn’t automatically mean you’re out of options. Here’s...
Individuals preparing for retirement or already enjoying their golden years have unique legal concerns. While often living on a fixed income, they are vulnerable to creditor claims. If their health changes, they may require support from professionals or family members...
A trust is a legal arrangement where a granter allows a trustee to hold and manage assets on behalf of their estate and designated beneficiaries. Using a trust allows the granter to control how assets are managed and distributed after they pass away. Furthermore, a...
Wills may contain instructions that seem to contradict what a deceased individual previously discussed with their family members during their lifetime. In cases where the contents of an estate plan surprise or disappoint those closest to the deceased individual,...
As people age, they experience medical challenges, including cognitive decline. They may struggle to manage their daily lives. In some cases, they truly need support from other adults. Concerned caregivers or family members can petition the courts for a...
A living will carries specific instructions about your future medical care. If you fall into a persistent vegetative state or reach your end-of-life care, your health care providers can refer to your legal document to honor your treatment preferences. To find out more...
Modern life extends far beyond physical possessions. From online bank accounts to social media profiles, many people now have valuable digital assets that need attention when creating an estate plan. As a result, digital wills have become an important addition to...
You probably realize that you should have an estate plan, but what you may not realize is that this isn’t a one-and-done situation. Once you have your estate plans set, there will be times when you need to review and potentially update the plans. Changes to an estate...
