Your relationships, financial situation and other factors may change after creating a will in Virginia. Just because a certain inheritance or estate planning decision made sense at the time you created your will does not mean that you are stuck with it. Changing your...
What happens to an estate when the deceased has no will?
From providing for the care of minor children to ensuring that financial and physical property passes easily to chosen beneficiaries, even a simple will can be a powerful legal safeguard. Unfortunately, almost half of Americans over age 55 have not created a will....
Are you storing your will in the best place?
Finishing your will puts you far ahead of most. After all, more than half of Americans have not drafted even a simple estate plan. To store your new will appropriately, you need a place that is both accessible and secure. Individuals often choose to store estate...
Avoid will contests with transparent estate planning
As the Baby Boomer generation enters retirement age, many parents of large families find reasons to revisit their estate plans. These plans contain legal and financial information concerning assets, property, liabilities, insurance, and the division of the estate. The...
Reviewing Virginia’s intestate succession regulations
If you view the need to being the process of planning out the administration of your estate in Forest with a certain degree of trepidation, you certainly are not alone. Indeed, statistics show that more than half of American adults do not have a will. One of the...
Wills and young children
There are many different issues for people to consider with regard to creating an estate plan. For example, those who have young children often have a lot of questions and are unsure about various facets of the estate planning process. From identifying the right type...
Can you get away with a simple will?
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...
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...
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...
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...
