As we navigate the winding roads of life, we inevitably begin to contemplate our legacy and the mark we wish to leave on the world. For many, this reflection leads to the decision to incorporate charitable giving into their estate plans. Charitable donations can be an impactful way to support the causes and organizations youContinue reading “Charitable Giving: A Generous Part of Your Estate Plan”
Category Archives: Estate Planning
Demystifying the Roles: Executor vs. Power of Attorney
Understanding the Role of an Executor and Power of Attorney As a Virginia estate planning lawyer, I often receive questions about the roles and responsibilities of an executor and a power of attorney (POA). Better understanding what these roles require will help you determine who should be named as you make your own estate plan.Continue reading “Demystifying the Roles: Executor vs. Power of Attorney”
Leveraging Life Insurance for Your Estate Plan: Insights from an Estate Lawyer in Virginia
One common misconception when it comes to estate planning is the belief that one must have substantial assets to establish an estate plan. As an estate lawyer in Virginia, I’m here to tell you that this simply isn’t the case. In reality, life insurance can play a crucial role in your estate planning, even ifContinue reading “Leveraging Life Insurance for Your Estate Plan: Insights from an Estate Lawyer in Virginia”
It is National Make-A-Will Month, but a Will is Not Enough
Did you know that August is National Make-A-Will Month? Did you also know that a will is only one component of a proper estate plan? While wills are indeed a cornerstone of estate planning, they represent just one facet of a holistic approach that ensures the effective management and distribution of your assets according toContinue reading “It is National Make-A-Will Month, but a Will is Not Enough”
What You Need to Know About Estate Planning in Virginia
What You Need to Know About Estate Planning in Virginia Estate planning is a vital process that ensures your assets are distributed according to your wishes after your passing. It involves making important decisions about who will inherit your property, who will handle your affairs, and how your healthcare decisions will be made. If youContinue reading “What You Need to Know About Estate Planning in Virginia”
The Basics of Estate Planning and Why It’s Important
The Basics of Estate Planning and Why It’s Important Estate planning is a crucial aspect of financial planning that often gets overlooked or neglected. Many assume that estate planning is only necessary for the wealthy or the elderly, but in reality, it is important for everyone, regardless of age or income level. In this blogContinue reading “The Basics of Estate Planning and Why It’s Important”
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?”
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?”
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!”