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

taxes
401(k)

How can I Avoid Taxes on Social Security Income?

The Tax Cuts and Jobs Act of 2017 changed a lot of rules, but one thing remains the same: It is exceedingly difficult to evade the long reach of the taxman.
ethical will
Estate Plan

What Is an Ethical Will?

My colleague’s father recently got infected with the coronavirus and had to be rushed to the hospital. The move was abrupt and hectic, and left no time for any deep conversation with his wife and family as he was being taken out to the ambulance.
GRAT
Beneficiaries

Should a GRAT Be Part of My Estate Plan?

Low interest rates and looming potential tax changes make this a good time for high-net-worth clients to use a special tool to transfer wealth: the grantor-retained annuity trust (GRAT), a strategy to reduce future estate taxes, by transferring assets to beneficiaries without using the lifetime gift tax exclusion.
procrastinating
Estate Planning

It’s Time to Stop Procrastinating and Have Your Estate Plan Done

The steady drone of coronavirus news these past nine months has spurred countless older Americans to face a long-procrastinated task: writing—or rewriting—their wills.
beneficiary
Asset Protection

What Happens If You Fail to Submit a Change of Beneficiary Form?

The financial institution is obligated to distribute the CD to the person or entities that otherwise would be entitled to receive it.
prices
Elder Care

Does New Federal Regulation Mean Lower Prescription Drug Prices?

Medicare would tie what it pays for some medications administered in doctors’ offices to the lowest prices of these drugs in some overseas countries under one of two new regulations the U.S. Department of Health and Human Services (HHS) released on Friday.
seniors
Caregiving

What are Young People Doing to Help Seniors in Isolation?

Younger generations are stepping up to help meet the needs, by connecting virtually and building community from a distance.
separate trusts
Creditors

Should Spouses have Separate Trusts?

In situations where both spouses want the surviving spouse to inherit all the assets, which is often the case, a joint trust can be far less complicated to set up and maintain than separate trusts, with less headaches for the surviving spouse.
disabled
ABLE Account

How Do I Plan for a Loved One with Special Needs?

It is critical that parents and grandparents give careful thought to any gift of money or bequest in an estate plan, when the recipient has special needs.
creating a will
Asset Protection

Do I Really Need a Will?

There’s much to plan for in life — college, your wedding, your first child, life insurance — and with more than enough to keep you busy, it’s easy to forget about your will. After all, no one wants to sit around and dwell on their death, but it is perhaps one of the most important decisions you will make in your life.
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