Creating a will is a responsible step to ensure your wishes are fulfilled after you pass away. Unfortunately, around 46% of U.S. adults still do not have a will in place. Unfortunately, even if you create a will, there are situations where someone in your family may...
You’ve got all of the passion and drive to make all your entrepreneurial dreams come true, but it’s critically important to make sure that your business has a solid foundation. That means making sure that you pick the right business structure, getting your partnership...
When creating a will, you need to name an executor who will ensure your wishes are fulfilled. In addition to this, the executor handles other duties, from paying off debts to managing property before distribution. You can name one or more executors (co-executors)....
An estate plan is a set of living documents. This means that – with virtually no exceptions unless you have created certain kinds of trusts – you can update your estate plan as frequently as the situation warrants. For example, you can update your advance healthcare...
When your elderly parent loses the ability to think clearly and make meaningful decisions independently, it makes them quite vulnerable. It may be due to a serious brain injury or health issues like dementia and stroke. Either way, you should take charge to protect...
After working for many years, you deserve quality health care services and a comfortable life. Virginia Health Information (VHI) has a consumer guide that provides in-depth information to those needing long-term care and their loved ones. Several options are...
If you think that an estate plan is just a simple will, think again: These days, even a basic estate plan needs a will, advance directives and powers of attorney designations, and many ordinary people are exploring things like living trusts, Medicaid planning and...
Undue influence is one of the few valid grounds on which a court will accept a challenge to a deceased person’s estate plan. It means that one person used their position to exert influence to get someone to change their estate plan in their favor. When might people...
If you’ve been named the executor (sometimes known as administrator or personal representative) of a loved one’s or friend’s estate, one of the first things you need to do after they pass away is to determine what debts they left. Certainly, this needs to be done...
If you and your spouse have been married for decades and fully intend to remain together for the rest of your lives, you may think the easiest way to handle your estate plan is with a joint will. A true joint will for a married couple is one document signed by both...
