201708.10
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Has a Relative Named You As Power of Attorney in Virginia? Important Information You Need to Know Before Agreeing to Serve as Agent.

Many people use powers of attorney as part of their estate plan. Used in this way, a power of attorney will permit others to engage in financial transactions (such as paying bills, etc.) on your behalf in the event you become incapacitated or unable to care for yourself. As such, a power of attorney can…

201612.01
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Living together, but not married? Estate Planning can be critical for you.

Over the past several years there has been an increasingly popular trend towards couples living together in relationships that are very similar to marriage, without actually becoming legally married. In many circumstances couples may own property together, have children together, and do all of the things that are traditionally associated with marriage – all without…

201606.25
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What happens to “digital assets” in Virginia when someone passes away?

For many, the of development technology like Facebook, email, online banking / investment accounts, and similar “digital assets” raises the question – what happens to these type of accounts when the user dies? Virginia’s Privacy Expectation Afterlife and Choices Act The Virginia Privacy Expectation Afterlife and Choices act was signed into law March 26, 2015….

201602.28
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Revocable Living Trusts for Estate Planning

Trusts can be a very effective a tool for estate planning. Often trusts may be used instead of a will (or in conjunction with a particular type of will called a pour over will) to transfer assets upon death. Trusts can also help address management of assets for purposes of incapacity (i.e. when someone cannot manage their…

201408.21
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Are lawyers worth it? Real life examples of how skimping on legal advice can hurt you.

With the advent of services like Legal Zoom and the ever increasing availability of legal forms and information on the internet, many potential consumers of legal services are tempted to ask – do I really need to hire a lawyer? In answering this question, it may help to consider some of the following real-life examples:…

201401.16
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Divorce Meets Estate Planning – What is an Elective Share and What Does it Mean to Waive it in a Settlement?

Once you have negotiated a settlement in your divorce case, the next step is to put it all together into a formal settlement agreement that each side signs. Typically these agreements (often referred to as PSAs or MSAs for Property Settlement Agreement or Marital Settlement Agreement) contain a fair amount of ‘boilerplate’ language. One standard…