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Author name: mcdadm

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

Estate Planning, Wills /

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 »

Disregard their ambiguous names: living wills and powers of attorney are clearly key documents

Estate Planning, News & Press /

Legal terminology can sometimes seem confusing, even misleading, to the layman. The names of some legal documents can suggest one meaning while actually operating as something else. Within estate planning law, for example, living wills and powers of attorney are two well-known but often misunderstood staples. A living will is not actually a will at

Disregard their ambiguous names: living wills and powers of attorney are clearly key documents Read More »

Never-married parents face extra steps when establishing child custody

Child Custody, Divorce, Family Law /

In Virginia, unmarried parents have the same rights and responsibilities to their children as married couples do. However, parents who were never married may face some additional steps when they establish child custody after a breakup. Paternity frequently complicates the process of determining custody in cases where the parents were never married. If either party

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Varied approaches to divorce offer couples different structures and tones

Divorce, Family Law /

Adversarial divorce is perhaps the most visible type of divorce in pop culture. With this approach, both parties hire a divorce lawyer to hash out the divorce in court. This is a lengthy process that can lead to fighting over every detail of the settlement. The adversarial approach usually leads to a trial in court.

Varied approaches to divorce offer couples different structures and tones Read More »

Women Have Usually Trumped Men in Child Custody, But More Men May Win custody Cases

Child Custody, Child Support, Divorce, Family Law /

In divorce cases, child custody and child support (its possible financial corollary) have, traditionally, been skewed heavily in the mother’s favor. But changing legal doctrines, social mores and economic factors have been changing the balance. Statistics from recent decades show that women were consistently awarded custody of children from 1993 through 2007 — 83 percent

Women Have Usually Trumped Men in Child Custody, But More Men May Win custody Cases Read More »

Watching for deception: Bitcoin may be used to conceal assets in divorce

Divorce, Family Law /

Increasingly, divorcing spouses who wish to conceal their assets are turning to electronic currencies like Bitcoin. Bitcoin is the most popular of a host of computer-generated currencies that are used to buy all manner of goods and services. It rivals cash in terms of its anonymity and surpasses it in its ease of transfer and

Watching for deception: Bitcoin may be used to conceal assets in divorce Read More »

Extra estate planning support may be necessary for those with dementia

Estate Planning /

Disabilities that sometimes develop with age can inhibit long-term planning skills. If you deal with such a condition, you may need to adjust your plans for the future so that they can support you and adhere to your wishes under any circumstance. The best advice is simply to start early. If Alzheimer’s or another form

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When estate planning involves minor children, a testamentary trust may be the best option

Estate Planning, News & Press /

One of the advantages of a living trust is that the assets held within it are not subject to probate, which can be a complicated, drawn-out and costly process. As such, many people automatically choose living trusts as they plan their estates. But there is another type of trust: a testamentary trust. While probate is

When estate planning involves minor children, a testamentary trust may be the best option Read More »

Good estate planning depends on good communication with loved ones

Estate Planning, News & Press /

Because estate planning involves preparation for the disposition of assets after death, people often feel uncomfortable discussing it. It can be especially challenging for people to face planning with their children. But serious challenges can arise from a lack of communication between estate grantors and their children (their most likely beneficiaries and executors) before death

Good estate planning depends on good communication with loved ones Read More »

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