Archive for 'Estate Planning' Category
Many people believe that once they’ve signed their will or trust, their estate plan is “done.” Actually, an estate plan is a living set of instructions, and like anything important, it needs regular checkups. Life changes—sometimes gradually, sometimes overnight. Marriages, divorces, new children or grandchildren, deaths in the family, changes in health, or a move […]
While your instinct to have each child receive his or her share outright at age 21 is understandable, I want to caution you strongly against that approach given the size of your estate. Once a child receives funds outright at 21, the control is absolute and irreversible. That money immediately becomes potentially subject to poor […]
When someone passes away, their family often faces two challenges at the same time. They are grieving, and they are also responsible for settling the estate. That responsibility is not always simple. A probate attorney helps families navigate the legal process that follows a death and gives structure to a time that can feel overwhelming. […]
What is Conservatorship? The term Conservator refers to a person appointed by the court who is responsible for managing the financial affairs of an incapacitated person. A conservatorship may be a total conservatorship, a limited conservatorship (when financial assistance is needed only for specific matters), or a temporary conservatorship. The Court in the jurisdiction where […]
IRAs and 401k retirement assets can pose some challenges in estates due to the tax-related rules that apply to these types of assets. In this post, our Manassas estate planning attorneys at Manassas Law Group briefly explain IRAs and 401ks in estates. IRAs vs. 401ks IRAs and 401k have similar rules with respect to the […]
So, John and Mary have spent a good part of their working lives accumulating some property and investments that they wish to pass on to their three adult children. The three adult children are: Sally Jerry and Bobby. John and Mary love them all and they are good kids. Sally has had some problems with […]
When a person who owns property and other assets dies without a will, a Virginia intestate succession probate will determine who is entitled to the decedent’s estate. Virginia inheritance laws can be complicated. Virginia’s intestate succession laws provide a specific plan for how the decedent’s estate will be divided and to whom. Unfortunately, when a […]
When a person wants another person to handle their affairs—pay bills, manage investments, direct medical care–they create power of attorney documents. What Is A “Durable” Power of Attorney?—A Virginia Estate Planning Attorney Explains A durable power of attorney means that the legal document stays in effect if you, at some point, become incapacitated or no […]
My friends say I need a Trust, is this true? Who Needs a Trust? Many clients come in for a consult about estate planning and say they have heard that a Trust is necessary. We advise that a trust may, or may not be necessary, depending on a number of factors including the clients’ goals, […]
RETIREMENT ACCOUNTS and Beneficiary Designations Some of the costliest estate planning mistakes involve retirement accounts. Contrary to popular belief, IRAs and 401K’s are not normally covered by a will. Beneficiary Designation Form Instead upon the death of the account owner, the funds pass to individuals based not upon the Will of the account holder or […]
Connect with us
- April 2026
- December 2025
- September 2023
- August 2023
- June 2023
- June 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- August 2020
- July 2020
- March 2020
- February 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- October 2018
- December 2017
- May 2016
- April 2016
- March 2016
Archives
Manassas Law Group is proud to be your trusted lawyers for Criminal Defense, Personal Injury, Estate Planning, Bankruptcy, and Civil Litigation