Perhaps you are remarried, and now not only have a new spouse and a bright future, you also have a new, blended, extended family, including stepchildren. While there can be much joy involved in a second marriage and having a blended family, along with some normal bumps and bruises along the way, it is likely …
Estate Planning Documents for Adults with Special Needs
Thanks to technology and medical research, more and more children with special needs are living productive lives well into adulthood, making it more and more likely that they will outlive their parents. As a result, parents must plan for their adult children with special needs. A significant number of these adult children with special needs …
Estate Planning Myths in Virginia & How To Avoid Mistakes
According to a Forbes article, at least 51 percent of Americans between the ages of 55 and 64 don’t have a will. That number is even higher among those between the ages of 45 and 54, at 62 percent. Perhaps one reason these numbers are so high is due to the number of myths and …
Special Needs Children Financial Planning Through ABLE Act
The state of Virginia was the first state to approve legislation related to the ABLE Act (Achieving a Better Life Experience) of 2014. The ABLE Act allows a person with a disability, or his or her family to set up a special savings account to cover expenses related to the disability. This can be a …
The Difference Between a Conservator and a Guardian
If an adult can no longer manage their personal affairs the court will appoint a substitute decision maker. This may include financial, medical, and/or personal decisions. An adult who has lost their ability to make these kind of decisions is referred to legally as being “incapacitated.” Guardianship or conservatorship is a legal relationship between a …