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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...
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...
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...
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...