When it comes to estate planning, you may think the process is time-consuming and expensive. While it can be, it’s up to you how extensive you want your estate plan to be. It’s possible to put your wishes and other factors into play without spending too much time or...
Simple Wills
Mistakes to avoid when creating a will
Creating a will sounds like a fairly simple process, right? While it can be, there are mistakes that may derail your plans and make things challenging for your family when you pass. The best way to avoid the most common mistakes is to know what they are. Let’s look at...
Why people with low incomes need wills
Some people think if they do not have many assets, it does not matter if they have a will. However, even people with low incomes and few assets can benefit from having a will. Why do you need a will if you do not have many assets? Dying without a will can be a...
How do you revoke a will in Virginia?
You may have a will that you prepared many years ago. Your life has changed in many ways since you signed that will. Named beneficiaries or executors may no longer be living. You can cancel your last will and make a new one to reflect your updated circumstances....
Is it better to be specific with a will, or to offer general guidance?
On the whole, your will is just a document that provides guidance for your family. When you pass away, the will tells them what you would like them to do with your property and how it should be divided. But is it better to just offer this general type of guidance and...
The role of witnesses in Virginia estate planning
Virginia imposes very strict rules on the creation of a will or estate plan. When you create a will specifically, you will need two competent adult witnesses. If you do not have witnesses present when you sign your will, then the Virginia probate courts may not...
Neglecting proper estate planning can cause harm
Estate planning is important because it enables you to provide instructions for your assets after you pass away. It also allows you to set instructions for your end-of-life care. It’s important that you take this plan seriously so you can get everything in order....
Is an online will really a bad idea?
You don’t have a lot of money or assets, so you figure a simple will is all you really need. You’re thinking it’s just as easy (and a lot cheaper) to get a do-it-yourself version online. Think again. The internet is a great tool, and there are a lot of things you...
What is a holographic will?
Estate planning can feel overwhelming, even if you do not have a complex situation. You know there are rules to follow, but it can be challenging to know when they apply. Holographic wills tend to be an area where a blend of old and new guidelines combine with fiction...
3 common mistakes people make when creating a simple will
A simple will may be the best option to distribute your estate after you pass, but simple mistakes could cause unnecessary complications for your beneficiaries. As you prepare this essential legal document, avoid these three common mistakes. 1. Neglecting to create...
