Tag Archives: trust

Does an LLC Have to go Through Probate if you Die?

As an estate lawyer in Alexandria, VA, 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 whoContinueContinue 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 comesContinueContinue reading “Announcing a New Service: The Guidance Meeting for Executors”

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?”

What Should I Review When I Receive My Draft Estate Plan?

After your estate plan is drafted, we will send it to you for your review. At minimum, you should confirm: Your name(s) are spelled correctly The names of your beneficiaries and decision-makers (referenced as agents) are accurate The names of your beneficiaries and decision-makers are spelled correctly Beneficiary distribution instructions are stated as you intendedContinueContinue reading “What Should I Review When I Receive My Draft Estate Plan?”

How Do I Update My Beneficiaries With Financial Institutions?

Some of your assets will not be transferred to beneficiaries based on the instructions in your will. This includes things like:  Retirement accounts (401K, 403b, 457, pension, IRA) Life insurance Annuities Transfer on death (TOD) or payable on death (POD) accounts.  For these assets, you need to provide instructions directly to the financial institution. ContactContinueContinue reading “How Do I Update My Beneficiaries With Financial Institutions?”

What Happens at the Signing?

Mathews Law will help you get your documents signed so that you can move on with your life! The “signing” simply refers to the execution of your new estate plan. Mathews Law offers two options: You can have the signing at the office of Mathews Law, located in Old Town, Alexandria, or you can haveContinueContinue reading “What Happens at the Signing?”

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,ContinueContinue reading “Who Are Your Beneficiaries?”

What if I Need to Make Changes to My Documents?

This is your plan and changes can be made when needed.  Before Signing If you are a current client and need to make changes to the documents before signing, simply let Mathews Law, PLLC know of the changes that need to be made. We will update your draft and send it to you for reviewContinueContinue reading “What if I Need to Make Changes to My Documents?”