Blog
How 2021 Tax Law Changes May Affect Your Estate
President Biden has state that he wants to make some tax law changes in 2021. Three of these tax changes could affect your estate: the estate tax, the income tax, and the capital gains tax.
Why Do I Need An Advance Medical Directive?
Disclaimer: For the purposes of this article, I will address residents in the state of Virginia, as I am a licensed attorney in Virginia and cannot speak for advance medical directive regulations in other states. If you reside in another state, some of these...
How Does The “Death Tax” Work?
How Does The Death Tax Work? When we say estate planning, many people’s minds jump to wondering, how does the "death tax" work? This is an understandable concern; it is best to keep as many of your assets within your control as possible unless one of your goals is to...
How to Write an Advance Medical Directive
If you haven’t drafted your advance medical directive, the time is now! You cannot be medically prepared for the future without one. If you need help to know how to write an advance medical directive, here are five tips to get you started: ONE: Explore your options...
My Grandmother’s Recipe and Your Ethical Will
Leave it to the holiday season to make us nostalgic and thoughtful. A few weekends ago, Jill (my wife) and I celebrated one of my family’s longtime traditions with our kids – Brunswick stew. When I was growing up, my grandmother held a yearly event where she made a...
Parents, Here’s The Inheritance Your Kids Really Need
A Sad Story My team and I recently met with a man whose outlook on life saddened us. He is in his 80s, and his three children are in their 50s. They each have faced significant challenges in life, some due to their own choices, others due to the cards they have been...
5 Reasons to Create Your End-of-Life Plan (Even if You’re Nowhere Near Dying)
End-of-life planning is not just for people who are about to pass away. It is for anyone who wants to ensure they will be cared for when they can no longer care for themselves, and for anyone who wants to care for their loved ones in that process. Here are five...
How Does Probate Work? A Beginner’s Guide
How Does Probate Work? Probate is the process by which a state government enforces the distribution of someone's estate after they die. But how does probate work? Well, each state has its own set of rules and regulations for probate, but the basic principles are the...
Example of An Ethical Will: Peter’s Statement of Faith
Our friend, Peter, is one of the most kind-hearted men you could meet. When we explained the idea of Ethical Wills to him, he was all over it – eager to pass on his love and his beliefs to both his community and his family. After looking at different examples, he...