Family-owned businesses are part of the fabric of the U.S. economy. There are numerous benefits to operating a family business, such as having trustworthy people around. However, family businesses aren’t without drawbacks. Family-owned enterprises face a series of...
As your parents age, you may face the difficult decision of selecting a guardian for them. This process can be emotionally challenging. However, it is crucial to ensure your loved ones receive the best possible care. Below are factors to consider when choosing a...
One important part of estate planning people often overlook is detailing their wishes for what happens to their bodies after they die. You can state your wish for organs and more to be donated in your advance directive, but what about your final resting place? Do you...
Estate planning is often thought of as something that only elderly or infirm people need to think about. That’s why almost three-quarters of all eligible adults have no estate plan. Nonetheless, the reality is that estate planning can benefit all adults, including...
Not everyone can live independently throughout adulthood. Some people experience challenges that prevent them from acting in their own best interests. The Virginia courts can appoint a competent adult to support someone struggling with medical challenges....
Creating a will is a smart move for those with dependent family members or valuable property. A will allow a testator to control their legacy and provide support for their family members when they die. The availability of fill-in-the-blank documents online can give...
Starting a new company with your spouse can be an exciting and rewarding adventure. Combining your personal and professional lives can strengthen your partnership and create a shared vision for your future. However, it’s important to approach this venture thoughtfully...
Starting a business is always an adventure – and it can be even better when you’re in it with family members. Family partnerships tend to have a built-in level of trust, shared communication styles, a clear understanding of what each party brings to the equation and a...
If you have a loved one with a disability, it helps to tailor your estate plans accordingly to protect their interest and well-being long after you are gone. A special needs trust (SNT) can help you do this. An SNT works like most irrevocable trusts. It is managed by...
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...