Legal Blog

administering

The Basic Tasks in Administering a Virginia Estate

Estate Planning

Many people are simply unaware of what a personal representative actually does much less if it is necessary to qualify as personal representative to begin with. While some estates are complicated and require full administration, other estate are easy to administer; it may even be possible to use one of Virginia’s small estate processes and forego qualification personal representative altogether.

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conservator

What Are the Ongoing Duties of a Conservator?

Estate Planning

What does a conservator actually do? The conservator manages the ward’s income, money, and property. The conservator may also need to coordinate with the ward’s guardian, who is the fiduciary that makes personal decisions such as where the ward lives or the medical care the ward receives, if the conservator is not also serving as guardian.

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relationships

5 Things I’ve Learned About Great Relationships

Estate Planning

Throughout my life — and more recently as we merged practices together at Promise Law — I’ve learned there are five things that are vital to every relationship we have, be they romantic, platonic, familial, or professional. I’m sure there’s more, and these are just what I have seen as the most significant, but I believe each one is significant.

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estate administration

Estate Administration Following a Spouse’s Death

Estate Planning

The loss of a spouse is not just a significant trauma, it also requires the surviving spouse to make several critical decisions regarding the administration of their deceased spouse’s estate. Ideally, the deceased spouse left a will or trust stating how to dispose of their property.

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trusts

A Closer Look at Virginia Estate Planning Trusts

Estate Planning

It is a common misconception that a “trust” is something that is only appropriate for “rich people.” But trusts are actually a common tool used by all types of people at all income and asset levels to give themselves greater flexibility in their estate planning and asset management.

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blended families

Estate Planning and Blended Families

Estate Planning

How will you provide from the children of a prior marriage while also incorporating your new spouse into your estate plan? Can a trust rather than a will offer more options for your newly-blended family? And who will be in charge of carrying out your vision and wishes when the time comes?

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creditor claims

Protecting Your Assets from Creditor Claims

Estate Planning

Asset protection trusts of any type will not protect you against creditors who already have a claim against you, but creditors whose claim arise after the trust’s creation is out of luck–they cannot touch the assets so long as the assets remain under the trustee’s control.

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estate plan

Estate Plan Maintenance

Estate Planning

Beginning in 2020, with rollout in November 2019, Promise Law will make it easier for our clients to regularly review and update their estate plans through membership in the Promise Law PIE™ Estate Plan Maintenance Program.

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change

The Only Thing Constant is Change

Estate Planning

To register for a workshop or to schedule a consultation appointment to discuss your estate planning, estate administration, long term care planning, or guardianship/conservatorship needs, please call us at (757) 279-8127.

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home for the holidays

Home for the Holidays

Estate Planning

If you are the person with changes to your family structure, then contact us to review your existing estate plan to see how to modify it to meet your goals given your changing family or to discuss setting up your first estate plan if you do not already have one.

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