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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,…
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Understanding Living Trusts
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Mathews Law, PLLC Celebrates Five Years!
It’s hard to believe, but we’re thrilled to celebrate a significant milestone – it has been five remarkable years since we opened our doors to serve our fellow Virginians. Our journey as an estate planning attorney in Alexandria, VA has been both challenging and rewarding, and today, as we mark our 5th anniversary, we want…
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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,…
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Who Are Your Beneficiaries?
Decided where your assets should go after you die is one of the primary purposes of an estate plan. One of the most common questions people have is who should be their beneficiaries. The good news is this decision is entirely up to you. Your assets can go entirely to one person, to multiple people,…
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Why A Divorced Parent Should Consider a Trust
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Do I Need a Trust or Is Just a Will ok?
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Benefits of Creating an Estate Plan
COVID-19 has prompted many to contemplate important topics such as end-of-life decisions and estate planning. By making these choices and preparations in advance, families can ensure that they are carrying out the wishes of their loved ones and also prevent some of the difficulties that are often faced in these circumstances. The resources below touch…
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What is Estate Planning?
Estate planning is the process of reviewing your personal and financial assets and planning for how those assets should be used to care for you and your loved ones should you become incapacitated or die. Estate planning also includes deciding who will make key decisions for you if you are unable to make them for…
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What Does An Estate Planning Package Include?
An Estate Plan includes multiple documents that apply to various scenarios. A will describes your wishes for your property. A trust, which can be helpful if you have children or if you wish to avoid probate, is flexible and protective of your loved ones. An advanced health care directive specifies the type of care you…