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Estate Planning Blog Articles


Serving Clients in Woodbridge, Prince William county, and throughout Virginia
as well as in maryland, west virginia, and the district of columbia
Categories
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Recent Posts
IRA beneficiary
“Look-Through” Trust

Should I Name a Trust as Beneficiary of My IRA?

It’s generally a bad idea to name a trust as beneficiary of your IRA.
retirement
COVID-19 (Coronavirus)

What are the Scariest Statistics for Retirement?

There's plenty of frightening data on retirement planning in the U.S., even before you consider COVID-19.
probate
Administrator

How Do You Handle Probate?

Although there is considerable legal information and misinformation, it is generally understood that a last will and testament is the device used to distribute property after death. However, the why, how and when are less familiar.
nontraditional families
ART

Planning Future for Nontraditional Families

Some people are concerned that the new conservative 6-3 majority on the Supreme Court will roll back protections for non-traditional families. Regardless of the decisions at the Supreme Court, or the impact on the state family courts, there are many ways that non-traditional families can maintain control.
will and trust
Assets

How to Manage a Will and Trust

By definition, a Will accounts for a person’s wishes of how their assets and estate should be distributed and handled once they die. It spells out who should get what and who should do what, after the benefactor’s demise.
living trust
Estate Planning

Should I Use a Living Trust in Estate Planning?

I understand that most people don’t need a living trust because probate is simple in the state, but can having a living trust save you time or money?
generation skipping transfer tax
Asset Protection

How Does the Generation-Skipping Transfer Tax Work in Estate Planning?

Estate planning can help you pass on assets to your heirs, while potentially minimizing taxes. When gifting assets, it’s important to consider when and how the generation-skipping tax transfer (GSTT) may apply.
medicaid estate recovery
Elder Care

Should I Worry about Medicaid Estate Recovery?

Medicare is designed to help pay for healthcare costs for seniors once they turn 65. While it covers a number of healthcare expenses, it doesn’t apply to costs associated with long-term care in a nursing home.
timeshare
Beneficiaries

Can You Be Forced to Inherit a Timeshare?

Many timeshare contracts include a perpetuity clause, which means the contract and all its fees and obligations are yours for life. It may not end there.
power of attorney
Elder Law

When Does a Power of Attorney Fail to Do Its Job?

Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf when you aren’t able to.

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