It is a scenario that is unfortunately all too common: A loved one dies, and before the funeral arrangements are even complete, family members are arguing about who gets what. This family tension can add significant stress to an already painful situation. The fighting...
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Estate Planning
Fiduciary duties and estate planning
Estate planning can be a daunting prospect, with many not knowing where to start. Typically, nobody wants to think about death, at least not for any significant amount of time. Despite this, the benefits of estate planning are undeniable. Security can be offered for...
Choosing a guardian for your children? Consider these 2 points
Parents who have children still living at home have probably thought about a lot of things related to the future -- including what might happen to their kids if they aren’t there to raise them for whatever reason. Setting up an estate plan and naming a guardian for...
Are your digital assets included in your estate plan?
All adults should have estate plans. Even though most people hope they will live a long time, the reality is that suddenly it might be too late. Whether you’re a young adult, a senior citizen or somewhere in between, you should ensure that your wishes are properly...
Proper advance planning can help protect you against an unwanted guardianship or conservatorship
Guardianships (control of your person) and conservatorships (control of your assets) have been in the news a lot recently. Britney Spears, a world-famous pop star, became the focus of media attention after being under the control of an allegedly inappropriate and...
Making an estate plan for a nontraditional family
Virginia families look a lot different now than they did a few decades ago. The "traditional" family unit of two opposite-sex parents and their children currently comprises only a third of U.S. families. The other two-thirds include blended families with...
Do I need a health care directive and a durable health care power of attorney?
Don't put off establishing an estate plan until "later." It's ideal to handle all your estate planning early to ensure that you have a plan in place. Some of the first documents that you'll want to draft are a health care directive and durable health care power of...
What risks are there in storing your estate planning documents in an online dropbox?
If you have a will and other estate planning documents already in place, then you're one step ahead of most Americans. Many individuals think that they're not wealthy or old enough to need an estate plan. That's not the case, though. Estate planning is appropriate no...
Knowing why courts toss estate plans out can make yours stronger
An estate plan is a powerful tool that lets you provide for the people that you love and create your own legacy after you die. People often spend a lot of time and effort in the creation of a plan that adequately represents their wishes and focuses on their most...
Massive changes proposed to estate tax laws
For your estate plan to be effective, it needs to take advantage of the latest tax laws. With a new government in place this year, there may be changes ahead. A group of senators recently presented a proposal known as the “For the 99.5% Act.” If you have considerable...