Estate Planning: Health Care Proxies

Saturday, April 16, 2016 is the 9th Annual Healthcare Decisions Day in the Commonwealth of Virginia. The purpose of this day is threefold: 1) to raise public awareness of the necessity of planning ahead with regard to health care decisions involving end of life care;...

Estate Planning: Guardianship/Conservatorship

In the Commonwealth of Virginia, guardians and conservators are appointed to protect the interests of a person who is deemed incapacitated. Incapacitated does not merely mean someone who makes poor decisions, but rather an individual who does not have the ability to...

Estate Planning: Probate with a Will

The Code of Virginia enumerates a probate procedure that is followed upon the passing of an individual in the Commonwealth who died having executed a Last Will and Testament. In Virginia, probate is defined as “the official proving and recording of the will as the...

Estate Planning: Utilizing an LLC

A limited liability company is a legal business entity that protects its owners (members) from personal liability. It provides more flexibility and is less formal than a corporation. Members of an LLC report the business’s profits and losses on their individual tax...

Estate Planning: Life Insurance

Life insurance is a contract that provides payment of an agreed upon amount by an insurance company to named beneficiaries upon the death of the maker of the contract. It is one of the most important aspects of personal finance and has a direct impact on estate...

ESTATE PLANNING: TRUSTS

Webster’s Dictionary defines “trust” as “a belief that someone or something is reliable, good, honest and effective”. As people, we place our trust in many different places: in God, in our family and in our friends. In this election year, many of us are struggling to...