As an estate planning attorney licensed in Virginia and Maryland, I often receive questions about how real estate is handled after someone passes away. This article explains key aspects of real property inheritance in these states, including how property passes to heirs, the meaning of “drops like a rock” in Virginia, when probate is required,ContinueContinue reading “Navigating Real Property Transfers After Death”
Category Archives: Real Estate
How Do Assets Pass Into a Trust?
Living trusts allow people to enjoy their assets while you’re alive but still plan for what happens to them after you pass away. When you’re setting up your estate plan, one of the first choices you’ll make is whether to have a will-based plan or a trust-based plan. If you decide on a trust-based plan,ContinueContinue reading “How Do Assets Pass Into a Trust?”
Misconceptions About Divorce and Property in Virginia
You might not think about estate planning when you are in the middle of a divorce – but you should. Remember, one of the primary purposes of estate planning is to make sure that your property goes where you want it to go, while you are alive and after you die. You can’t do thisContinueContinue reading “Misconceptions About Divorce and Property in Virginia”