You have “heirs” and you can have “beneficiaries.” While these two terms are often used interchangeably to mean someone who benefits from the deceased's estate, they do not necessarily mean the same thing for legal purposes. When planning your will, it can help to...
Simple Wills
Testamentary capacity: what is it and how is it established?
In Virginia, like all the other states, you have a right to draft your will and distribute your assets as you wish. For instance, you can choose who inherits the house and who acts as your will’s executor. However, we live in a very litigious society. Thus, for a will...
What are some positive traits an executor needs?
When thinking about your will, you may also take into account that you need to pick an executor to handle your estate after you die. This person should be close to you, such as a family member or longtime friend. Learning about the positive traits they need to succeed...
Debunking common myths about wills in Virginia
Many people in Virginia avoid creating a will because they believe in certain misconceptions. However, these incorrect beliefs can lead to unnecessary confusion and difficulties for your loved ones. By gaining a clearer understanding of wills, you can plan for the...
Who can write a will in Virginia? And other FAQs
If you do not have a will in place, it is important that you create one sooner rather than later. Regardless of your age and health status, a will can give you and your family peace of mind that, should something happen to you — expectedly or unexpectedly — you have...
Why people name a remainderman in their wills
A will can serve as a way to name beneficiaries for someone's most valuable resources, including their home, small business, vehicle and financial accounts. Wills also allow adults to name guardians for dependent family members. Many people focus primarily on their...
A basic guide to writing a will
Young people, as well as individuals who do not have a lot in assets, may think that having a will is not necessary. However, every adult should have a will, even if it is a simple one. A will outlines your wishes regarding the distribution of certain assets, and...
Why a will is still important if you do not have kids
When you die without a will in Virginia, you relinquish a good deal of control over what happens to your legacy, assets and other personal affairs. Many people cite similar reasons for failing to create wills, such as not having any children. However, it pays to have...
Should you talk about your funeral in your will?
If you are young and healthy, you probably have decades to live. Nevertheless, just as an unexpected accident might leave you with life-threatening injuries, you could acquire a deadly illness. By planning for your funeral early, you can provide comfort to your loved...
Why do recent college graduates need wills?
If you are like many Americans, you think estate planning is only something older individuals must tackle. Indeed, according to a recent Caring.com survey, only 21% of millennials report having a basic will. Still, as a recent college graduate, you should prepare a...
