Tag Archives: Virginia Attorney

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 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 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 theContinueContinue reading “What Is Probate?”