As you start preparing for retirement or review your finances in your golden years, you may derive quite a bit of joy from the idea of passing on some of your wealth to your children when you die. An inheritance could lead to a more comfortable retirement for your...
Many people assume that an estate plan is only necessary for wealthy individuals, but this isn’t at all the case. Instead, adults of all wealth levels should have an estate plan documented. Your estate plan does several things. The one that most people think about is...
Your elderly parent has lived through a lot. They’ve taken care of themselves for decades and successfully raised a family. Before retirement, they also ran a successful company. In short, they are used to being independent. The reality is, however, that there will...
One of the most difficult aspects of life is watching your beloved parents lose their ability to be independent. When an elderly person loses the ability to comprehend and make rational decisions due to an injury or the onset of dementia, you may want to consider...
When you start to think about estate planning, it's very natural to think about the things that you need to do. You need to write a will or you need to pick an estate executor. It is very important to consider the whole process from this side. At the same time,...
Getting older is an inevitability that can be difficult to face at times. Your elderly parents have most likely managed their own affairs for decades. Not only that, they have probably spent a significant amount of time caring for you and steering you in the right...
Your estate plan lets your loved ones know what you want to happen with your assets when you pass away. It may also contain instructions that will come into the picture before you die. It’s imperative that you set the estate plan up carefully. You also need to take...
During the course of estate planning conversations in Virginia, the term fiduciary will often arise. However, understanding exactly what this term means is not always straightforward. Essentially, a fiduciary is a person who has been legally appointed to act in the...
When age or medical conditions leave someone unable to care for themselves, they need a guardian. Typically, the Virginia courts will only name a guardian when someone has already experienced cognitive decline and lacks the testamentary capacity to act in their own...
Most people’s wills go unchallenged. People assume that what the deceased wrote is what they wanted to happen to their assets. Yet, occasionally someone has a reason to doubt the veracity of the will contents. When that happens, they may want to mount a challenge to...
