Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now.
– Denis Waitley
Whenever you experience significant life-changing events, it is recommended that you revisit your estate planning documents to make certain that they are in compliance with your wishes. In Virginia, a final divorce decree affects specific aspects of estate planning, but a separation has no such impact. Unless expressly stipulated otherwise, upon the entry of a […]
Siblings are often contentious regarding the inheritance of their parents’ assets. However, such acrimony can be avoided by implementing certain steps that will prevent any type of forced sharing among your children. In order to prevent financial disputes among your adult children, refrain from using a pot trust, which is the term used by many
Preventing disputes among your grown children over their inheritance Read More »
The antagonistic nature of divorce is a difficult experience for all parties involved. The most terrifying part of the process for couples who are divorcing is going to divorce court. Because most individuals do not have a great deal of experience with court proceedings, this can be a very stressful experience for divorcing couples. It
A word of advice for those going to divorce court Read More »
If you have a child or grandchild with special needs, you may wish to create a special needs trust to ensure that the child receives the necessary care and financial assistance through adulthood. The trust sets aside funds for the benefit of the child, and is managed by the trustees, who are usually family members
How your child with a disability can benefit from a special needs trust Read More »
While you may wish to give your children their inheritance before you die, you may be unaware of the risks associated with such a move. Make certain that you are knowledgeable of the consequences of gifting property to your children, including a house, land or stock. If you have more than one home, and would
Rethink giving your children their inheritance now Read More »
While creating their estate plan, many people fail to update their beneficiary designations on financial products, including bank accounts, 401(k)s, and life insurance policies. Brian Madgett, a vice president at New York Life who heads the advanced planning group, states that for the majority of people, the beneficiary designation comprises their estate plan. Several Americans
Failure to update your beneficiary designations could have unintended consequences Read More »
If you are involved in a child custody battle, there are certain things you should not do because they will only serve to adversely affect your case. You should not represent yourself under any circumstances. Although custody litigation is complicated and expensive, representing yourself could have unfavorable consequences. Because you are emotionally involved in the
The things you should not do if engaged in a child custody battle Read More »
Divorce orders and separation agreements sometimes contain certain words, including “merged,” “survived” or “incorporated” that may be unclear to those who are unfamiliar with such legal terminology. But these terms have very specific meanings and can significantly affect the divorce. In several divorce cases, spouses can arrive at a settlement agreement. After introducing the agreement
An incorporated settlement agreement in divorce Read More »
When a person suffers an injury in the workplace, the effects can be disastrous for the worker and the worker’s family, both economically and emotionally. In some cases, the family is unable to restore their lives to the way they were prior to the injury, and they may have to go to family court to
Family law issues that can arise in workers’ compensation Read More »
Most people do not consider making plans for their digital assets so that their loved ones and estate executor can access them after they die. But in this digital age of social media and online accounts, it is becoming increasingly essential to store your account passwords in order for family members and executors to locate
The importance of making arrangements for your digital assets Read More »
