A fiduciary is someone who has been placed in a position of trust. In estate planning, this usually means managing assets. Below is a brief overview of some of the key fiduciaries in estate planning. The executor The executor of the estate is a fiduciary that has...
Every patient, including those advanced in age, retains the right to decline medical treatment and interventions if they choose to. One of the ways this is achieved is by getting a do-not-resuscitate order (DNR). Essentially, a DNR is an order that specifically...
Some people take legal action to contest a will in probate court when someone close to them dies. There are a few reasons why people may take issue with an estate plan. In some cases, a testator might have included inappropriate terms that make the will they drafted...
A springing power of attorney (POA) is a legal document that allows you to designate someone to act on your behalf under certain conditions. Unlike a general POA, which becomes effective immediately upon signing, a springing POA only takes effect when specific...
It can be difficult to talk with your parents about their estate plan. You may want to know what the plan says, or you may be curious if they have even made a plan at all. But it can be an uncomfortable conversation. You don’t want your parents to think you’re just...
Making the decision to become an organ donor is a generous and potentially life-saving choice. It’s important to take the right steps to better ensure that your wishes in this regard are respected after your death. In Virginia, like in most states, there are specific...
As a newlywed, you are likely focused on building a life with your spouse. You likely have dreams of shared goals and a bright future ahead. Amidst the excitement of your new life together, however, it’s important to take practical steps to protect your financial...
An executor or personal representative agrees to manage estate administration out of respect for a decedent or testator. Some people agree to accept the role when a loved one creates an estate plan. Others step up during the early stages of probate court after a loved...
Writing a will is not something that people look forward to doing. The very thought of it can bring up some uncomfortable feelings because writing a will brings you face-to-face with your own mortality. Yet, as much as you may dread it, writing a will is necessary to...
Estate planning is crucial to managing assets and ensuring your wishes are known after you pass. However, many misconceptions surround this process. Here, we debunk some of the most common myths about estate planning. Myth 1: Estate planning is only for the wealthy...
