Most people in the United States know that you typically can’t just walk into a store and purchase a firearm. Instead, you likely have to go through a background check to make that purchase. Because they’re highly regulated, firearms present a challenge when a person...
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Estate Planning
How can you avoid disinheritance disputes?
As you work on your estate plan, you realize that you have two main goals. For one thing, you’d like to eliminate disputes between your beneficiaries after you pass away. You don’t want to create long-term arguments or drive a wedge between two family members. Your...
Virginia estate planning: Good uses for a Totten trust
Estate planning can be overwhelming but is nonetheless one of the most critical tasks you may ever undertake. Incorporating simple tools like Totten trusts can make it easier to give to certain people. A Totten trust (AKA payable on death account) is merely a bank...
Key components of drafting a will
A will is the starting point of any estate plan. This legal document provides instructions on how assets should be distributed upon an individual’s death. However, a will can also carry out several other functions. To ensure that a will serves its intended purpose, it...
2 ways to update an estate plan
Making an estate plan is certainly important. But many people make the mistake of creating the plan and then neglecting to update it. The plan slowly becomes outdated and, by the time they actually pass away, there could be major issues that the family has to sort...
