Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now.

- Denis Waitley


Family Law and Estate Planning Blog

The use of an intentionally defective grantor trust

An estate planning vehicle that has attracted much attention is the use of an intentionally defective grantor trust (IDGT). A grantor trust is a trust that the grantor, or in some instances, a beneficiary, is regarded as the owner for income tax purposes. This means that the owner will be subject to all income tax […]

Proper estate planning: wills and trusts

Creating a will ensures that all your wishes are carried out after your death. A will is the most common way for you to distribute your assets, like your home, to an heir. However, there are a number of other vehicles through which you can leave a home to an heir. Such methods can be […]

Estate planning for the single parent

There are some estate planning issues that single parents are advised to consider when planning for the financial future of their children. Among them is the selection of a guardian who will raise their children in the event the parent dies or becomes incapacitated. The parent should think carefully about the choice of a guardian […]

The impending uncertainty of estate planning

A sense of uncertainty has emerged under the new administration surrounding estate planning for the year 2017. President Trump has expressed his intent to implement significant changes to U.S. tax policy. However, the degree to which those changes will occur remains ambiguous. Nevertheless, there are strategies that individuals, families and small businesses can use when […]

Probate in a state other then your domicile

If you own property located in a state other than your domicile, you should not have to create another will in that state. The reason is that most states recognize a will that was legally executed in another jurisdiction. However, it may be helpful to have an attorney in the other state review your will […]

Special-needs trusts and other estate planning options for disabled adults

The life expectancy of disabled adults has been steadily increasing to the point where it has served to complicate the issue of retirement planning for their aging parents. A special-needs child brings another aspect to retirement planning. Parents have to pay attention to significant details, including the beneficiaries they assign to their 401(k) at work, […]

Safeguarding your estate as you spend time in two states

During your retirement, you may wish to spend half of the year in one state, and the other half of the year in another state. However, you must choose one state as your legal residence. This is typically the state in which you have the right to vote. It is the laws of that state […]

Use of the Roth IRA in estate planning

The process of estate planning consists of a review and analysis of your retirement accounts, including traditional IRAs, Roth IRAs or merely your employer’s 401(k) retirement account. It is imperative that you consider all available options because the account you choose can make a difference in subsequent years. For example, it is important to determine […]

Small estate administration in Virginia

Small estate laws were passed with the objective of helping heirs secure property of the decedent without having to go through probate, or with diminished probate proceedings, if they comply with specific conditions. The administration of small estates can be less time-consuming and expensive. Small estate laws can also be applicable if the decedent had […]

Asset protection methods in Virginia

Asset protection planning consists of the process of placing your assets in such a way as to remove or decrease exposure to unforeseen liabilities or unexpected events. It is best to engage in such planning prior to the time at which a claim, lawsuit or judgment arises. People often begin to address the issue of […]