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When you get married and have children from a previous relationship, it's a good idea to re-review your existing estate plan in Virginia. You'll need to take certain considerations into account to ensure your assets are properly distributed according to your wishes....
The executor of your will is someone you choose to carry out final tasks on behalf of your estate after you die. You name the executor in your will when you are making other provisions. However, the court has to approve your choice of executor. According to Kiplinger,...
If you want to take extra steps to ensure your family will receive their inheritance, you might consider creating an irrevocable trust. This is a trust that holds money or property for another person. Since the trust owns the assets, it can protect them against...
Are you getting ready to plan your estate in Virginia? There are a whole host of details that you need to absorb. You want to make sure that you leave a viable estate for your family members to inherit. To do so, you need to know about issues such as taxation. This...
Estate planning is an important process that everyone in Virginia should go through. It ensures you and your assets are taken care of in the way you want before and after you die. There are several different documents that can be part of an estate plan, but some are...
Financial planning entails a series of processes to protect your personal and business finances in Virginia. It's important to make the most of your financial planning by using the resources available to you. Budgeting As the prices of everyday products increase,...
A trust is a great instrument to help keep your Virginia estate strong and protected. In a trust, you have a legal agreement that keeps your assets from creditors, the IRS and false heirs. However, giving your possessions to the beneficiaries you choose is more...
Planning an estate in Virginia can be a complex and tricky affair depending on the estate involved. This is the kind of task for which a number of industry certifications are helpful. You may want to work with a professional who possesses them so that your plan can be...
Estate planning will give you control over your assets while providing you and your loved ones with security and privacy. No matter your age or level of wealth, a developed plan for how your assets will be handled can give you peace of mind. When your affairs are in...
If you live in Virginia and you are preparing a will, you may be concerned about someone contesting it, resulting in your wishes not being carried out. There are a few things you can do to help prevent this. Communication and planning ahead The first step is to be as...
