The Consequences of Not Having a Will or Trust in Central Virginia
Although estate planning is vitally important, it’s a task that is often overlooked or avoided. You can enjoy peace of mind when you know that you are leaving clear instructions for your loved ones, but many people put off the process. So what happens if you don't create a will or
What is a Will, and How Does it Differ from a Trust?
Estate planning might seem like a puzzle with pieces that are hard to fit together, especially when trying to understand the implications of legal documents such as wills and trusts. Fortunately, understanding these crucial components is simpler than you might imagine. For Central Virginia residents, distinguishing between a will and
Does a Will Have to Be Probated in Central Virginia?
You hear the word 'probate', and your mind instantly races to complex legal procedures and seemingly endless paperwork, right? For many in Central Virginia, the term can sound as cryptic as ancient hieroglyphs. But when a loved one passes away, it is important to understand what the probate laws require you
Who Should I Choose As My Executor Or Trustee In Virginia?
In estate planning, choosing the right executor or trustee is a decision that shouldn't be taken lightly. These individuals play a crucial role in managing and executing your financial plans after your passing. Selection of an individual who understands the responsibilities and displays qualities needed for these roles is essential for
What Happens If I Die Without A Will In Virginia?
It's a common misconception that estate planning is only for the wealthy or the elderly. In reality, having a will is crucial for every adult, regardless of age or wealth. In Virginia, if you pass away without a will, state laws determine how your final affairs will be handled and
National Disabilities Month What Are the Different Types of Special Needs Trusts in Virginia
If you are responsible for a family member with special needs, you must consider how you will provide for them after you are gone. Leaving an inheritance isn’t ideal, as it may disqualify them from need-based government benefits like Medicaid and Supplemental Security Income (SSI). Instead, consider special needs trusts (SNTs).
Why You Should Consider a Living Will and Advance Medical Directive
While most estate planning involves protecting your legacy for what you will leave to your heirs when you pass away, there’s another essential part to consider: who will make decisions for you during your lifetime if you are unable to make them for yourself? A living will and advance medical
What is a Revocable Trust and Do I Need One?
A well-written and fully funded revocable trust allows your beneficiaries to avoid probate while giving you control over your assets during your lifetime and managing their use and distribution after you die. While you are alive and have the mental ability to manage your affairs, your trust is completely subject to
A Lawyer Can Help You Get SSDI Approval Faster
If you are applying for disability benefits, it makes sense to have a disability attorney represent your interests. Hiring a disability attorney can streamline the process for faster approval. Federal law regulates the fees when hiring a disability attorney to correlate to your date of entitlement or disability payback which is generally 25
Important Things to Know About Living Wills
Would you still be able to make decisions about your healthcare if you became seriously ill or injured? You don’t have to be old to become incapacitated. A living will, a component of an advance health care directive can outline your wishes so that your loved ones can make informed