attorney, attorneys, Business Succession, Chesapeake, Davis Law Group, death, estate, estate plan, estate planning, executor, Hampton, Hampton Roads, hrva, intestate, Law, lawyer, legal, living will, medical directive, Norfolk, North Carolina, Outer Banks, Portsmouth, power of attorney, real estate, revocable living trust, Suffolk, testate, Tidewater, transfer, trust, va, Virginia, Virginia Beach, will
I often hear people say they don’t need an estate plan because all of their assets are held jointly with their spouse or with one or more of their children.Although this seems to be a convenient way to own assets, re-titling accounts or making a child or spouse a joint owner might be the worst...
Most men who lose their wives are likely to remarry within a year and a half, but when they do so, their estate could become the property of their new spouse and their spouse's children, accidentally disinheriting their own children.
Recently the Wall Street Journal published an article that stated only 10% of the adult population has a plan for a lifetime disability or for distribution of assets at death. This is pretty stunning when you consider how protective we generally are of our children and the things we own, combined with the fact that...Read more