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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
beneficiary designations
401(k)

Why are Beneficiary Designations Important in Estate Planning?

Vanguard has sent me a beneficiary designation verification letter. For the primary beneficiary, it says it will be the person I am married to at the time of my death. For the secondary beneficiary, it says, my descendants “per stirpes.” I have one child. Should the beneficiary designation include his name?
second marriage
Beneficiaries

What Is Fair in a Second Marriage and Estate Planning?

If you are planning to take another walk down the aisle, it is critical to take the time to review and revise your estate plan, especially if meaningful assets and debts are being brought into the marriage.
will
Beneficiary

Why Do I Need a Will?

A will is a legal document, governed by the laws of each state, written to guarantee that your possessions will be left upon your death to the people or organizations you specify.
died
Administration

What Paperwork Is Needed after Someone Dies?

While the tasks of dealing with an estate after someone passes may be simple administration, the work associated with it is often quite complicated.
revocable trust
Capacity

Should a Revocable Trust Be Part of My Estate Plan?

What are the advantages of putting assets into a trust?
estate
Assets

Estate Planning Lessons from Celebrity Nightmares

The press has made much of the handwritten will that Larry King executed in the months before he died and in which he purports to change his prior will executed in 2015, to leave his estate equally between his children.
power of attorney
Agent

Can I Revoke a Power of Attorney?

You don’t actually appoint someone power of attorney (POA). A POA is a document that you execute that allows someone to act on your behalf.
special needs trust
Assets

How Do Special Needs Trusts Work?

Just as you have trust in a relationship, trusting your document and those with responsibilities in the trust are crucial to obtaining your objectives.
power of attorney
Elder Law

Why Won’t IRS and Social Security Administration Like My Power of Attorney?

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. Every estate planner and guide to estate planning will tell you that. What few will tell you is there are at least two important instances when the power of attorney (POA) won’t be recognized and followed.
need a will
Asset Protection

Remind Me Why I Need a Will

A will is a legal document that allows you to decide what happens with your estate after you passed away. Unfortunately, not all people consider creating one because they think that it’s complicated and just an extra expense.

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