ABLE Account vs. Special Needs Trust: Which Is Best for Your Loved One?
Planning for a loved one with special needs involves balancing care, financial stability, and long-term eligibility for benefits like Medicaid. Two common tools—ABLE accounts and Special Needs Trusts—offer different advantages, and choosing the right one can feel overwhelming. At Commonwealth Life and Legacy Counsel, we help families across Central Virginia create
Business Succession Planning: How to Protect Your Company’s Future in Virginia
Have you ever found yourself thinking about what might happen to your business if you suddenly stepped away? We often focus on day-to-day issues, but looking forward can be just as vital. At Commonwealth Life and Legacy Counsel, we help individuals and families in Virginia address estate planning concerns, including passing
Virginia Probate: Assets That Bypass the Process
Have you ever come across stories of loved ones facing delays and worries in settling a departed family member’s estate? Probate can feel like a puzzle at a time when folks are already grappling with loss. We at Commonwealth Life and Legacy Counsel, located in Central Virginia, understand that clarity matters.
Do You Have a Will? Why It’s Essential for Everyone
Many people in Central Virginia put off creating a will, assuming it’s only for those with significant wealth or for the elderly. The reality is that a will isn’t just about money, it’s about making sure your wishes are honored, and appointing someone to handle the probate who can do
What Is A Trust In Virginia?
When it comes to estate planning, creating a trust can be a pivotal step toward securing your family's future. At Commonwealth Life & Legacy Counsel in Central Virginia, we often address many questions and concerns from our clients about what trusts are and how they can be beneficial. Trusts often seem
Estate Lawyer Virginia
Embarking on the journey of estate planning is a pivotal step in safeguarding your legacy and ensuring your loved ones are cared for in your absence. At Commonwealth Life & Legacy Counsel in Central Virginia, we understand the nuances of creating a comprehensive estate plan that aligns with your wishes
How Can Trusts Help Protect Your Assets In Marriage?
Marriage is a beautiful journey, but it’s essential to consider how it might affect your financial and estate plans. As Estate Planning and Elder Law Lawyers, We often witness the importance of protecting assets, especially in marriages. Let’s explore how trusts can play a vital role in safeguarding your assets
Lelia Winget-Hernandez appointed Commissioner of Accounts for Powhatan County
Commonwealth Life & Legacy Counsel is pleased to announce that Lelia has been appointed to serve as the Commissioner of Accounts for Powhatan County. Lelia was raised in Powhatan County and opened a law office there in 2021. This appointment is a great honor and reflects the tremendous respect members
The Importance of Power of Attorney in Virginia
Imagine what would happen if you were in a situation where you couldn’t voice your choices, manage your assets, or even decide on your health care. It’s not something any of us like to consider, but life takes unpredictable turns. While it is important to enjoy the charm and beauty
The Role of an Executor in Virginia Estates
After the death of a loved one, while everyone is caught up in family dynamics and deep emotions of loss, one person has to step forward and manage legal responsibilities. That person is the executor of the deceased person’s estate. The executor has a critical and often challenging role to play