Holographic Wills in Virginia: Are They Valid?
When it comes to estate planning, most of us want to ensure that our wishes are honored and our loved ones are cared for. But what happens when someone scribbles down their intentions in a handwritten document? These are known as holographic wills, and while they might seem like a
When to File Probate in Virginia: A Guide for Executors
If you have recently lost a loved one in Virginia, you might be wondering what comes next, especially when it comes to managing their estate. One of the first questions you may face is whether probate is necessary. At Commonwealth Life and Legacy Counsel, we help families across Central Virginia—from
Why Should I Consider A Trust Instead Of A Will In Virginia?
Choosing the right tools to use for estate planning can be quite a challenge, especially when deciding between a trust and a will. At Commonwealth Life & Legacy Counsel in Central Virginia, we often review the benefits and potential drawbacks of each option with our clients to help determine the
Is Probate Required In Virginia?
The intricacies of the probate process can often feel daunting, especially during the emotional time following the loss of a loved one. The first step is to assess the need for probate. In Virginia, the question of whether formal probate is necessary can depend on various factors, including the size and
Simple Will In Virginia
The world of estate planning can seem overwhelming, especially when you are not used to some of the legal terms involved. While you may be familiar with the term “will,” for instance, if someone talks about a "simple will" you may not understand precisely what it includes and what makes
Who Inherits If There’s No Will In Virginia?
Dealing with the loss of a loved one is hard enough, but it can become even more complicated if they pass away without a will. At Commonwealth Life & Legacy Counsel, we understand that facing inheritance questions and the probate process under such circumstances can be daunting. In Virginia, if someone
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