When it comes to planning your estate and writing your will in Virginia, one of the key choices to make is who should be your executor. The executor is in charge of carrying out all of the directions and rules in the will, so it is an important role. What makes a good...
Estate Planning & Wills
What comprises a thorough estate plan?
Estate planning often requires deliberate and careful thought. Otherwise, the estate planner might miss something and create problems for their heirs. Without the necessary legal documents, representatives may have difficulty dealing with probate or other estate...
How a divorce can affect your estate plan
Virginia residents who are going through a divorce should not overlook how their property settlements might affect their estate plans. Careful drafting of property settlement agreements involving life insurance is important to avoid potential problems. Life insurance...
Do beneficiary designations override a will?
There are numerous parts of Virginia estate plans, and one of them is account designations. These exist separately from the will because these accounts do not need to be dealt with in that document. The only way that these are dealt with in the will process is if...
Planning your estate in the digital age
Planning your estate normally focuses on assets like your home, bank accounts, insurance policies and belongings. However, there is another type of property that you need to address when planning your estate: your digital assets. In 2017, Virginia adopted the Uniform...
Why is it so important to have an estate plan?
Many people believe that only wealthy individuals need an estate plan. Others think a simple will template covers all the bases. However, a personalized estate plan is important for most people. These are the three key reasons to engage in the estate planning process...
Situations that warrant a will review
Many people understand the importance of having a will. However, some of them draw up the original will and then forget about it. As individuals get older, there are life changes, and some of them warrant a review of the original will and possibly require a change. If...
What are the requirements for a legal will?
Putting your end-of-life wishes into a document is not enough to make it legally binding. You must make sure that you follow the law to create a legal will. According to the Virginia State Bar, there are multiple requirements to create a will that a court will rule...
RSS Feed
