Estate planning might not be the first thing on your mind as a college student, but it’s an effort worth making. It can serve as an important step in clarifying your wishes, so that they will be respected should anything happen to you. While it’s...
Wills are legally accepted documents that outline how a person’s assets and affairs should be handled after their death. In Virginia, you can make your own will, should you wish, but it is important to avoid common mistakes to ensure it is valid and enforceable....
There is a misconception that we should keep our wills and other estate planning documents a secret from our family. This idea likely comes from movies and television. In reality, there are several good reasons to sit down with your loved ones and review all...
A lot of couples want very simple wills. They simply want their surviving spouse to inherit everything, and for their adult children to inherit whatever is left when the surviving spouse eventually passes. Two common options for couples in this situation are mirror wills and...
Increasingly, people are using revocable living trusts to pass on their assets to their beneficiaries. A big advantage of including assets like your home and other real estate, bank accounts and other high-value assets in a living trust is that this typically allows these assets...
It's an honor if someone wishes to name you the executor of their estate after they die. That person considers you responsible and trustworthy. Still, you should take some time to think and determine if this is a role you wish to take on. The...
While a will is a cornerstone of estate planning, it is not all-encompassing. Certain things are best left out of a will to help ensure a smooth and efficient distribution of your assets. Here are several things that can be more easily addressed with other...
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