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”
Tag Archives: Estate Planning
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”
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!”
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,Continue reading “WHO ARE YOUR BENEFICIARIES?”
WHAT DO MY DECISION-MAKERS DO?
Your decision-makers will be responsible for ensuring your plan is followed and your wishes are honored. Here’s a description of the types of decision-makers in an estate plan: If you would like help creating an Estate Plan, please reach set up a free consultation here. If you are an existing client and have a specificContinue reading “WHAT DO MY DECISION-MAKERS DO?”
WHO ARE YOUR DECISION-MAKERS?
Decision-makers are those who will make decisions for you when you cannot make them for yourself. These decision-makers are needed if you become disabled or when you die. Take the time to determine who decision-makers are early in the process to prevent delay. Prior to your consultation, we recommend determining both your primary and back-upContinue reading “WHO ARE YOUR DECISION-MAKERS?”
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”