Does an LLC have to go through probate if you die?

As a Virginia estate planning attorney, I often hear concerns from clients about the probate process and how to avoid it. Probate can be a lengthy, costly, and often complex process in Virginia, and many people want to find ways to minimize its impact on their estate and their loved ones. For individuals who ownContinue reading “Does an LLC have to go through probate if you die?”

Announcing a New Service: The Guidance Meeting for Executors

We are excited to announce the launch of our new service, the Guidance Meeting for Executors. Estate Planning involves naming multiple decision-makers such as a financial agent, health care agent, personal representative to settle your estate, and trustee to manage your trust if you choose to create one. We know that once the time comesContinue reading “Announcing a New Service: The Guidance Meeting for Executors”

What is a Standby Guardian Designation in Virginia?

Have you ever thought about who would take care of your minor children if something were to happen to you? In Virginia, parents can name a standby guardian to step in as a parent if needed. Virginia’s statute clarifies that the guardian only steps in when a certain triggering event has occurred, such as incapacity,Continue reading “What is a Standby Guardian Designation in Virginia?”

How Would Your Death Impact Your Child?

As parents, we all want to ensure that our children are taken care of and protected, even in the event of our deaths. However, many parents may not consider the impact that their deaths would have on their minor children when creating their estate plan. Estate planning is not just about distributing your assets andContinue reading “How Would Your Death Impact Your Child?”

Attention Virginia Parents: Free January 2023 Webinar

Join us for a webinar on January 19, 2023 at 7:00 p.m.! The BEST EVER estate planning seminar for parents of minor children! Mathews Law is presenting the best ever webinar for parents of minor children to make sure that your little rascals are cared for. We will cover:-What estate planning is (hint: it isContinue reading “Attention Virginia Parents: Free January 2023 Webinar”

New Year, New Goals. Create or update your estate plan!

“I like the dreams of the future better than the history of the past.” —Thomas Jefferson The start of a new year is a great time to reassess your priorities and make positive changes in your life. One important step you can take to protect yourself and your loved ones is to create an estateContinue reading “New Year, New Goals. Create or update your estate plan!”

HOW DO I UPDATE MY BENEFICIARIES WITH FINANCIAL INSTITUTIONS?

Some of your assets will not be transferred to beneficiaries based on the instructions in your will. This includes things like:  For these assets, you need to provide instructions directly to the financial institution. Contact the financial institution that manages each account to request the correct form or method to update your beneficiaries. For example,Continue reading “HOW DO I UPDATE MY BENEFICIARIES WITH FINANCIAL INSTITUTIONS?”