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Are Irrevocable Trusts Truly Irrevocable?

From 1987 through 2003, the federal estate tax exemption amount was between $600,000 and $1,000,000. This prompted many pe…

Must Retirement Accounts Be Used to Pay Debts After Death?

| Ann H. Larkin |
When a person dies owning a 401(k) or an IRA, must these accounts be used to pay the decedent’s debts, or are they exempt …

Estate Planning With Addiction or Mental Health Issues

Deciding what to do with your assets after you pass away can involve a series of difficult decisions. These decisions are …

Termination or Modification of a Guardianship in Virginia

As discussed in previous posts, for the purposes of guardianship and conservatorship, an “incapacitated person” means an a…

Why Everyone Needs an Estate Plan

A number of surveys over the last few years report that between 55% and 70% of adults in the United States don’t have an e…

How Often Should I Update My Will in Virginia?

For individuals with substantial assets, the intricacies of estate planning become increasingly complex. Wealth, accumulat…

Executive Compensation Plans For Employees Explained

| Todd J. Preti |
Many business owners struggle with the dilemma of how to retain their key employees without deluding their stock own…

DIY Estate Planning is No Bargain

I was always amazed how my grandfather could build anything. There was no home project that was too big or too complicated…

Beneficiary Designation for Federal Group Life Insurance

| Todd J. Preti |
It is always important to make sure the beneficiary designation for Life Insurance, Annuities and Retirement Accounts are …
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