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
Child custody refers to the care, control and maintenance of a child. There are many similarities among child custody laws across state lines. The principal reason for this is the adoption of the Uniform Child Custody Act, which assists law enforcement in each state. Under Virginia child custody laws, parents can have joint custody and […]
The law concerning child custody in Virginia Read More »
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 »
When experiencing a divorce, spouses can often be contentious and bitter toward each other, but this does not have to be the case. In order to avert a financial and emotional disaster, spouses should consider the way in which they treat their partner just prior to and during the separation. For instance, if the separation
Civility can be helpful in divorce Read More »
Married couples and parents usually know who the beneficiaries of their estates will be, and who will be their health care proxy, or have the power to make health-care decisions on their behalf in the event they become incapacitated. If you are unmarried and have no children, you may wish to leave your assets to
Estate planning for those with no spouse or children Read More »
A spendthrift trust can be useful if you have qualms that an heir will act irresponsibly with an inheritance or sell the right to payments if it is put into a trust fund. Individuals who suffer from drug or alcohol addiction may well be at risk for wasting an inheritance in order to support their
When should you use a spendthrift trust? Read More »
A spendthrift trust can be useful if you have qualms that an heir will act irresponsibly with an inheritance or sell the right to payments if it is put into a trust fund. Individuals who suffer from drug or alcohol addiction may well be at risk for wasting an inheritance in order to support their
When should you use a spendthrift trust? Read More »
