You know you need to plan for the distribution of your assets and the care of your children should you unexpectedly pass but, if you are like many people, you put off the chore for various reasons. One such reason may be the fear that creating a will can be complex...
Year: 2020
The benefits of implementing a will as part of an estate plan
Estate planning is an integral part of people's efforts to prepare for their future. Outside of feeling the satisfaction of being able to control one's assets, people who take initiative to plan their estate in Virginia may also provide their surviving family members...
What asset accounting responsibilities do conservators have?
The Virginia Department of Judicial Services explains that conservators are fiduciaries who must thoughtfully manage and account for assets owned by the person in their care. As conservator, your duties include submitting detailed accounting reports with supporting...
What to know before choosing a guardian
One of the most important estate planning decisions you can make is to appoint a guardian for your minor children. Failure to do so could leave your children in legal limbo for some time following your death. Appointing a guardian for your children should be a...
Key considerations for planning your will
The Virginia State Bar offers tips to help people put together a will that reflects their objectives. We have guided clients through the process of preparing a will that helps achieve their estate planning goals. Writing your will starts with a thoughtful examination...
Should you apply for guardianship before your child turns 18?
If you have a child with special needs, an approaching 18th birthday may be a cause for concern. This birthday signifies that your child is an independent adult. For you, it means you no longer have any say in his or her medical care or other choices in life. If your...
What estate planning moves should you make prior to vacation?
Estate planning is the last thing that anyone wants to think about, particularly before a vacation. However, just before the recreation season, it is important to give some thought to your estate plan. You want to be able to protect your family, regardless of what...
What is the difference between a will and a trust?
Whether you have just started a family or you have recently retired from a job, it is important to have a last will and testament in place. You never know when a tragic accident or catastrophe will warrant the need of this critical legal document. Yet, even if you...
New parents need a will
Since the moment you first found out you were pregnant, you and your husband have been focusing on the miracle of life. However, this is no time to ignore that death is a fact of life, too. New parents need a will. Expectant couples may begin the process even before...
Is it guardianship or something else?
Preparing estates can be done by individuals easily enough. But in order to best ensure that your wishes are accounted for, it may be prudent to bring in support. Trusted individuals, a spouse or your children -- people you trust can be granted certain powers in the...
