Steps For Starting the End-of-Life Conversation

No one likes to talk about death and dying, at least not their own. And yet, it’s a critical time in everyone’s life and we know we need to prepare for it. While many people would like to share their wishes, something always seems to keep us from openly communicating with our families. As an […]

Protecting Your Children’s Inheritance When You are Divorced

Consider this story. Beth’s divorce from her husband was recently finalized. Her most valuable assets are her retirement plan at work and her life insurance policy. She updated the beneficiary designations on both to be her two minor children. She did not want her ex-husband to receive the money. Beth passes away one year after […]

Powers of Attorney in Virginia Explained

Powers of attorney ordinarily form an important part of a comprehensive estate plan, whether in the form of an Durable General Power of Attorney or an Advance Medical Directive. Virginia adopted the Uniform Power of Attorney Act, effective July 1, 2010. Read the text of the Act here: https://law.justia.com/codes/virginia…  

Wills, Trusts & Dying Intestate: How They Differ

Most people understand that having some sort of an estate plan is, as Martha Stewart would say, a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills and trusts – and dying without either. Here’s what will generally happen […]

What if Treating Your Children Fairly Means Unequal Inheritances?

When planning their estate, most parents express the desire to treat their children equally out of a sense of fairness.  However, sometimes being fair or doing what’s right by your children may not mean equal or the same inheritances. The Key Takeaways Treating children fairly does not always mean equal inheritances. How and when each […]

Is a Payable on Death Account Right for You and Your Family?

Payable on death accounts, or “POD accounts” for short, have become popular for avoiding probate in the last decade or so. What is a POD Account? A POD account is a type of bank account authorized by state law which allows the account owner to designate one or more beneficiaries to receive the funds left […]

Estate Planning: 3 Reasons We Run the Other Way

We understand that it feels hard to get around to estate planning; it sounds about as fun as getting a root canal. However, we also understand that we all want to make sure that our loved ones are protected and receive our hard-earned assets – regardless of whether we have $10 million or $10,000. Don’t […]