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Estate Planning

On Healthcare Decisions Day, consider creating an advance directive

Estate Planning, News & Press /

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

Estate Planning /

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

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

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 »

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 »

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

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The Role of Executor of an Estate May Call for an Attorney’s Help

Estate Planning, Wills /

It is usually considered an honor to be asked to assume the role of the executor of an estate for a relative or friend. Still, the challenges of the position, particularly those of more complex estate situations, can sometimes overwhelm an executor. In such circumstances, the services of an experienced attorney can provide excellent support.

The Role of Executor of an Estate May Call for an Attorney’s Help Read More »

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