Blog
Wills, Trusts, and Other Tools of Estate Planning
In a strictly legal sense, estate planning is making legal arrangements for what will happen to your assets when you die. And most of the time, people automatically think of wills and trusts as the primary tools of estate planning. In reality, though, estate planning...
5 Ways to Update Your Estate Plan in 2021
After everything we’ve been through this past year, we know the value of preparing for the future. None of us can predict what 2021 will hold, but we can ready ourselves by planning ahead. Prepare for the Future: You Must Have an Estate Plan Your estate plan is a huge...
What Is Estate Planning?
Estate planning is the process of: arranging your assets; planning how they will be distributed when you die; and preparing legal documents to enforce your wishes after you are gone. But here at the Law Office of Joshua E. Hummer, PLC, we approach estate planning in a...
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
Have you drafted your advance medical directive (AMD)? If the answer is no, now is the time to do so. You cannot be prepared for future medical care decisions without one. [Related: What is An Advance Medical Directive?] Here are six important tips for how to write an...
6 Tips For Choosing an Estate Planning Attorney Near Your
If you were to pull up Google right now and type “estate planning attorney near me,'' into the search engine, the top three picks from your area would pop up. If you wanted to see a wider range, you could click “More Places”, and up to twelve options would appear on...
Why Estate Planning Is Important
Why Do I Need Estate Planning? Learn more about the process from the Law Office of Joshua E. Hummer.
