In Virginia, a court can appoint a guardian or conservator to help an adult who can no longer make safe decisions. Both roles come with strict legal duties, and ignoring them can lead to personal liability. What a guardian is responsible for A guardian manages the...
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Wills vs. trusts in Virginia: What your family needs to know
Planning your estate is one of the most important steps you can take for your family. In Virginia, choosing between a will and a trust or using both depends on your assets, your family structure and your goals. What a will does in Virginia A will is a legal document...
Conservatorship can help prevent elder fraud
Older adults are vulnerable to abuse. Some older adults face physical or emotional abuse from their caregivers. Others are at risk of financial abuse and fraud. There are many types of fraudulent schemes that target older adults. Medicare scams, investment fraud and...
What role does an irrevocable trust have in an estate plan?
One of the primary purposes of an estate plan is to dictate who gets what when you die. There are several tools available to do this, so you must understand the options that you have. The irrevocable trust is one of those tools. There are a few very specific points...
Reasons that a will might be invalidated
A will is the foundational element of virtually any estate plan. It provides instructions on how assets should be divided upon a person’s death. It can also serve other purposes such as naming a guardian for minor children. Nonetheless, for a will to be legally...
4 ways someone could abuse Power of Attorney authority
Power of Attorney (POA) is a legal instrument that grants someone the authority to make decisions on another person’s behalf. This authority can be broad or limited, covering financial, healthcare or other specified matters. While it is a crucial tool for managing...
What is a conservatorship, and how does it work?
When most people think of the word “conservatorship,” they might automatically think of Britney Spears, who fought to have hers removed. Some Virginia residents might eventually need one. It’s important to know what a conservatorship is and how it works. What is a...
