Archive for 'Estate Planning' Category
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 […]
Our clients often come in for a consultation with questions related to probate. They have heard that probate is something they should avoid for the sake of their loved ones. They have heard that the probate process in Virginia can be time consuming and expensive. What is probate? Probate is the legal procedure/process by which […]
A husband and Wife have just signed their Wills. They naturally have every expectation that the language in their Wills is controlling as to what happens to their property when they die. However, if the Will preparer has not become familiar with how the couple owns their property (how the property is titled), there could […]

