Even in the best of scenarios, going through a divorce is an emotionally charged, challenging process. Amid the whirlwind of legal proceedings, contacting an estate planning attorney might not be at the top of your to-do list—but it should be. A divorce, often referred to as dissolution of marriage, can stretch over several months, sometimesContinueContinue reading “Filing for Divorce in Virginia? Why Updating Your Estate Plan is Crucial”
Tag Archives: guardianship
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 youContinueContinue reading “What You Need to Know About Estate Planning in Virginia”
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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,ContinueContinue 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 andContinueContinue 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 estateContinueContinue reading “New Year, New Goals. Create or Update your Estate Plan!”
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: Medical Power of Attorney (or Medical Agent): Someone to make medical decisions for you if you cannot make them for yourself. This person only makes medical decisionsContinueContinue 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-upContinueContinue reading “Who Are Your Decision Makers?”
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. IfContinueContinue reading “What is Estate Planning Anyway?”