Say you have minor kids, you pass away, and you leave money to be used for the benefit of your children (who are now under the full care of your ex). One option is, of course, to leave the money to your kids such that your ex manages the funds while the children are minors.Continue reading “WHY A DIVORCED PARENT SHOULD CONSIDER A TRUST”
Category Archives: Uncategorized
OVER YOUR DEAD BODY! (YOUR EX GETTING YOUR MONEY – THAT IS)
There are multiple ways that people leave money to ex spouses, and some may surprise you. Leaving your ex in your will after you are separated. You decided the marriage needs to end, but you haven’t divorced yet, so you are separated from your spouse. You die. Surely the court knows that you don’t wantContinue reading “OVER YOUR DEAD BODY! (YOUR EX GETTING YOUR MONEY – THAT IS)”
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 thisContinue reading “MISCONCEPTIONS ABOUT DIVORCE AND PROPERTY IN VIRGINIA”
WHAT IS PROBATE?
What is probate? Probate is the court-managed process of settling an estate. The court oversees the process from start to finish. First, the court will review the will, if there is one, and appoint a personal representative(person who has authority to act on the estate’s behalf). Second, the personal representative must file accountings to theContinue reading “WHAT IS PROBATE?”
DO I NEED A TRUST OR IS JUST A WILL OK?
The best answer is: it depends. A trust is a wonderful tool that brings a lot of peace of mind, but it may not be right for your individual situation. What is a trust? A trust is an entity that holds assets for your benefit and the benefit of beneficiaries. The trust document defines theContinue reading “DO I NEED A TRUST OR IS JUST A WILL OK?”
WHAT IS ESTATE PLANNING ANYWAY?
What is estate planning? Estate planning is the process of planning for the handling of your assets in case of disability or death. I don’t consider myself to be wealthy. Do I even have an estate? Yes! Everyone has an estate. An estate is simply the combination of all of your assets and property. IfContinue reading “WHAT IS ESTATE PLANNING ANYWAY?”
Get your free Advance Medical Directive!
Haven’t gotten around to creating your estate plan yet? I get it, there is no good time to meet with a lawyer. 🙂I’m giving away a free Advance Medical Directive (with full instructions!) to get you started. This is the most important document in an estate plan and can save your loved ones a lotContinue reading “Get your free Advance Medical Directive!”
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 touchContinue reading “Benefits of Creating an Estate Plan”
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