Estate planning does not need to be complicated and overwhelming. Many adults can address most of their estate planning concerns with a simple will. So long as they draft a valid testamentary instrument, they can choose who inherits their property, select their own personal representative...
Most people assume their loved ones will “just know” what to do if something happens to them. Others believe the law will step in and sort things out fairly, without much trouble. In reality, the rules that apply when someone dies without a will are...
One of the major mistakes people make with their will is failing to update it. People should consider updating their estate plan every three to five years. This is typically the amount of time it takes for people to build up the value of their...
A final will and testament is an important estate planning document that every adult should have. By creating one, you help ensure that your property and assets can be passed down to your loved ones the exact way that you want them to receive it....
Creating a simple will helps you decide how your property will be handled after your passing. While it gives you control, there are limits on what you can include. Knowing which assets you can and cannot place in a will helps avoid confusion for your...
In Virginia, a simple will gives you the ability to do more than distribute assets to loved ones. It also allows you to direct part of your estate to charitable organizations. If you support a specific cause, you can include that nonprofit in your estate...
For many, the concept of estate planning seems reserved for the wealthy or elderly. However, without an estate plan, your assets could end up in the hands of people you never intended. What happens if you pass away without a will, and why is it...
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