If you don’t know exactly where your parents’ estate plan documents are, you may be surprised to learn that you are not alone. More than half of the people in a recent survey don’t even know if their parents have estate planning documents! The bad news is that this can be a serious problem. The good news is that it […]
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It’s spring cleaning time, so out with the old and in with the new! While you’re doing the spring season cleaning for your home, keep in mind your estate planning may need some ‘spring cleaning’ as well. If it has been more than five years since you had your estate planning documents completed or revised, now might be the perfect […]
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Your children are precious to you, and you would do anything to keep them safe. Did you know it is possible to protect them even when you are no longer able to do so yourself due to an untimely death? Appointing their legal guardian is the only way of ensuring they are placed with a family of your choosing. To […]
Read more →According to Virginia law, all adults in Virginia have a right to prepare an “Advance Directive” document, a written statement of their medical care wishes. An Advance Directive informs your family and medical community of medical care you do and do not want in the event you become incapacitated and cannot speak for yourself. Incapacity can happen when someone has […]
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An Individual Retirement Account (also known as an IRA) allows an individual to save for retirement with the advantage of the growth of the account being tax-deferred. There are three types of Individual Retirement Accounts: Traditional IRA, Roth IRA, and Inherited IRA. When choosing to name a beneficiary to an IRA, you may first think of naming your spouse, children, […]
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Presented By Layman & Nichols, P.C. and VMRC Foundation Come join us at this informative Estate Planning Seminar! Saturday, November 21st, 2015 9:15am to 11:30am Detwiler Auditorium Virginia Mennonite Retirement Community 1501 Virginia Avenue, Harrisonburg, VA 22802 Topics covered include: Estate Planning Update for 2015 Advance Medical Directives (Important for All Over Age 18) Digital Assets New Ideas in Charitable Planning Tax ID […]
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Over one-third of Virginians are gun owners ranging from aficionados, hunters, and collectors. There are also many families who have had guns passed down from generation to generation as family heirlooms. With tightened laws and stringent penalties for noncompliance related to ownership and transfer of ownership, estate planning for gun ownership should be done thoroughly and carefully to ensure valuable […]
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Pets are a very important part of any household, but often an overlooked and misunderstood aspect of estate planning. Providing the intended after-death care for your pet should be a part of your estate plan and can be achieved by establishing a Trust. The Trust could be established through your will (Testamentary Trust) or could be set up in a […]
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By Dean ‘Mac’ Nichols, Attorney At Layman & Nichols, we enjoy helping clients with their estate planning and wills. In this video, Mac Nichols shares some basics about estate planning. The purpose of a will is: • to provide for the distribution of your property • to name a guardian to provide care for any minor children • to name an […]
Read more →By Karen L Rowell, Esq. It is very important to periodically get out your estate planning documents and review them. You can pick a date that will be easy to remember such as your birthday, the beginning of the year, or a particular holiday, and do it every year. Everyone has changing circumstances in their lives, so for your planning to […]
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