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

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On Healthcare Decisions Day, consider creating an advance directive

April 16 marks the seventh annual Healthcare Decisions Day in the Commonwealth of Virginia. On that day, related events will raise public awareness of the need to plan ahead for healthcare decisions concerning end-of-life care and for medical issues in circumstances when patients are not able to speak for themselves. Accordingly, the occasion also encourages […]

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Prenuptial agreements can help couples protect separate assets

Asset preservation has become an increasingly important factor in marriage as well as estate planning, particularly as divorce and blended families become more common realities in the United States. The rising popularity of prenuptial agreements is a notable reflection of the changing matrimonial landscape in this country. In an October 2013 survey of 1,600 members

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When filing for a divorce, finding fault is not always necessary

If there was ever an appropriate circumstance, divorce proceedings would seem a prime candidate for an exercise in finger-pointing. However, legally speaking, there are situations in which spouses parting ways should seek what is known as a no-fault divorce. Traditionally, some sort of misconduct has formed the grounds for a divorce. But modern divorce laws

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As circumstances change, ‘Last Will and Testament’ may not be final word on an estate

“Last Will and Testament” is a popular title for the document in which a person, known as a testator, names one or more people to manage his or her estate and provides for the distribution of his or her property after death. But when a person’s life circumstances change, a “Last Will and Testament” may

As circumstances change, ‘Last Will and Testament’ may not be final word on an estate Read More »

When a couple divorces, debts as well as property must be equitably divided

Marriage can be likened to a business contract, and when that contract is dissolved during a divorce the division of assets is an important and often contentious matter. But debts are an equally important matter to resolve when any contract, including marriage, terminates, as any debts a couple holds will also be allocated between the

When a couple divorces, debts as well as property must be equitably divided Read More »

IRS offers holiday season tidings on tax exclusions estate planners should remember

The holiday season upon us, meaning that the remainder of the year will see a significant amount of purchasing and bestowing gifts. The spirit of giving is not lost upon the federal government, particularly regarding those gifts with significant valuations, or those bequeathed by an estate. Accordingly, the Internal Revenue Service has announced its gift

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Parental communication helps pave the way for a reasonable visitation schedule

When couples with irreconcilable differences end their marriage through a divorce, the bonds between the spouses are effectively severed. Each party can proceed with his or her life separately. However, if a soon-to-be-splitting couple has children, some level of communication between the parents will necessarily linger, particularly once child custody has been determined and reasonable

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When spouses wish to part ways, the finality of divorce is usually best

As a popular culture would have us believe, breaking up is hard to do. With all the emotional and financial upheaval that is often involved with a nuptial parting of the ways, some on-the-rocks couples opt for what may seem to be the easier route of some form of separation.  Despite the first-blush attractiveness of

When spouses wish to part ways, the finality of divorce is usually best Read More »

With proper planning and the right choices, a person can spare heirs the probate process

Probate tends to be costly and lengthy — so much so that many people seeks ways to avoid asking their heirs to go through the process at all. There are legal, probate-free means for transferring assets to heirs in the United States, but they vary from state to state. Within the metropolitan Washington area, which encompasses

With proper planning and the right choices, a person can spare heirs the probate process Read More »

With proper planning and the right choices, a person can spare heirs the probate process

Probate tends to be costly and lengthy — so much so that many people seeks ways to avoid asking their heirs to go through the process at all. There are legal, probate-free means for transferring assets to heirs in the United States, but they vary from state to state. Within the metropolitan Washington area, which encompasses

With proper planning and the right choices, a person can spare heirs the probate process Read More »

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