In the Commonwealth of Virginia, only “interested parties” can contest a last will and testament. An interested party is any individual that has standing to challenge the estate and is usually someone who is entitled to receive property under the…
Let’s start with a short story… a very sad and unnecessary scenario: A friend’s domestic partner died in an automobile accident. They had been together for nine years and at the time of his death, she was five months pregnant.…
We’ve all heard the term probate - that a will “has to go through probate.” But, what exactly does the term mean, what is involved once probate begins, and how does it affect beneficiaries of a will? Probate is the…
Over 55 percent of American adults have neither a will nor any other type of estate plan in place. This number has remained fairly steady for the past fifteen years. Without a will or some other estate plan in place,…
Of course, it is possible to prepare your own will—just as it is possible for you to stitch up your own forehead with a needle and thread instead of going to all the trouble to go see a doctor, meaning…
There are many different types of wills—certainly one which will fit most any situation—yet far too many people do not have even the simplest of wills. In fact, according to research done by AARP, although most adults know they should…
Many people believe a simple or general will and a living will (also known as an advance medical directive) are the same document. In fact, the two documents are about as different from one another as they could be, although…
In this age of do it yourself (DIY), many people are making the decision to prepare their will online, based on the pre-designated fields of an Internet form. At first glance, this may not seem all that complicated. However those…
While there are many advantages to having a will, there are some things a will simply can’t do. As an example, a will is the perfect document for parents with minor children to designate a guardian for your children, minimizing court intervention. A will is also the right estate document to designate an executor of your estate. You can also, through a will, choose to provide for specific persons who would not otherwise be provided for under Virginia state intestacy laws, such as friends, godchildren or stepchildren.
People avoid having a will prepared for many reasons. Perhaps the most common reason people put off having a will prepared is simply because they don’t think they need it. People who avoid making a will for this reason probably believe they don’t have all that many assets, so the state of Virginia can reasonably be expected to divvy up those assets as they see fit. Other reasons people tend to put off having a will prepared is because they think it is complicated or too expensive or they don’t want to face their own mortality.