Estate Planning

Serving Clients Throughout Woodbridge, Virginia

beneficiary
Estate Planning

Retirement Account Beneficiary Choices and Your Estate

It is surprisingly easy and common to make mistakes when designating beneficiaries on retirement and investment accounts.

joint accounts
Estate Planning

How Do Joint Accounts and Beneficiary Designations Work in Estate Planning?

Remember that a will goes through probate, so a husband and wife typically try to avoid it by using joint ownership or beneficiary designations. However, they’re often mistaken by believing the will still controls their estate.

GRIT
Estate Planning

What Is a GRIT and Should It Be Used in an Estate Plan?

Trusts can be useful in estate planning for passing on assets to your heirs. A grantor retained income trust (GRIT) is a specific type of trust that allows you to transfer assets, while still benefiting from the income they generate.

estate planning terms
Estate Planning

What Key Estate Planning Terms Should I Know?

Estate planning is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do.

death of spouse
Estate Planning

What Do I Need to Do after the Death of My Spouse?

The death of your spouse is a period of unimaginable grief. Unfortunately, there are many legal and financial obligations that will not wait.

special needs trust
Estate Planning

Who Needs a Special Needs Trust?

If you are the parent of a person with special needs, you are well aware that the role you play is very different than it may be for other children. Properly planning to meet their financial needs, both in the immediate and long term, is a critical part of supporting your child. This support must often continue well past the typical age of adulthood, which means parents need to put in place financial tools to care for their children, in the event of the parents’ death.

special needs planning
Estate Planning

Special Needs Plans Need Regular Reviews to Protect Loved Ones

Estate planning generally focuses primarily on lifetime protection and post-death distribution of assets. Special needs planning focuses primarily on the individual beneficiary’s lifestyle and care needs.

mortgage
Estate Planning

Does Your Inherited House have a Mortgage?

What happens if you inherit your loved one’s home? What if they still have payments to make on their mortgage?

guardianship
Estate Planning

Do I Need to Name a Guardian for My Children in the Will?

Why naming a guardian for your child is important.

pandemic and writing a will
Estate Planning

Despite Pandemic, Many Still Don’t Have an Estate Plan

The Covid-19 has produced a rise in estate planning…but not a large enough one. Most Americans still do not have a last will and testament.