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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
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Recent Posts
alzheimer's
Alzheimer’s Disease

Can a Person with Alzheimer’s Sign Legal Documents?

Due to the debilitating nature of Alzheimer’s and related forms of dementia on your loved one’s ability to make sound financial decisions, the sooner you can get financial matters in order the better.
IRA
401(k)

How Does an Inherited IRA or 401(k) Work?

So, you inherited a retirement account. Before you make any decisions on when and how to access the money, it’s worth familiarizing yourself with the rules that apply to different beneficiaries.
power of attorney
Administrator

What can a Power of Attorney Do—or Not Do?

The person signing the power of attorney, which gives someone else the authority to act for them, is called the ‘principal’ and the person who is given the power to act for you is called your ‘agent.’
long-term care
Alzheimer’s Disease

Can I Get a Tax Break for Long-Term Care?

The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
irrevocable trust
Elder Law

How can I Revoke an Irrevocable Trust?

I feel I was taken advantage of to the tune of $3,500, when I set up a trust.
inheritance
Asset Protection

What Is the Best Way to Make Sure Children Can Handle an Inheritance?

How can you prepare your children to handle the assets they’ll eventually inherit?
special needs
Beneficiaries

How to Protect A Special Needs Person’s Public Benefits

If you have a child or other family member who has special needs due to physical or mental conditions, you face a variety of challenges planning for their care, including financial ones.
succession plan
Death

What Is Family Business Succession Planning?

If you plan to pass your business to your offspring, there is more to keep in mind when creating your succession plan than your descendants—there are also their spouses—especially if they become ex-spouses.
guardianship
Advance Directive

What Is a Guardianship?

My Dad has been deemed unable to make his own decisions, and he does not have a Power of Attorney. The hospital said we need to apply for guardianship. What is that?
per stirpes
Estate Planning

What Does ‘Per Stirpes’ in a Will Mean?

Per stirpes in a will means that a deceased’s child’s share will pass to the deceased’s child’s children in equal shares, if any.

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