Category: Estate Planning

By:  Stephen D. Lentz, Esq.Partner/Senior Counselsteve@anchorlg.com Introduction In Virginia, many individuals seek ways to protect their assets and minimize tax liabilities, especially as they accumulate wealth and look toward estate planning. One of the tools commonly mentioned in this context is the Revocable Living Trust. This estate planning device provides flexibility, privacy, and control over […]

Estate litigation refers to legal disputes that arise while administrating a deceased person’s estate. These disputes can involve disagreements over the distribution of assets, the validity of a will, or the conduct of executors and trustees. What Are Common Reasons for Estate Litigation? Estate litigation often stems from conflicts or misunderstandings among family members or […]

A healthcare proxy is an often misunderstood aspect of medical care planning, but its importance cannot be overstated. This valuable tool helps people organize their affairs and is designed to honor their medical wishes. Here is what you should know about healthcare proxies. Is a Healthcare Proxy Part of Advance Care Planning? A healthcare proxy […]

Guardianship is a legal process designed to protect individuals who cannot care for themselves due to age, disability, or incapacity. This process involves appointing a trusted individual to make decisions on behalf of the person, known as the ward. This protection covers various aspects of life, including health care, financial matters, and daily living activities […]

An estate plan is active and reflects your situation and priorities. You may need to make changes to your estate plan when your life circumstances or values change. It is possible to make changes to a living trust. However, you should not attempt to do anything on your own. Always consult with an experienced estate […]

Any attorney or financial advisor will tell you when you need a will. Various types of wills could meet your needs. You should consult with an experienced attorney to learn what may work best for you in your situation. You need to know some different wills when formulating an estate plan. Always work with an […]

If your estate is worth over a certain amount, your heirs could owe taxes to the federal government. You have worked a lifetime to save and invest, and you do not want your heirs to pay taxes to the federal government unnecessarily. There are tax saving measures that you can take now that could minimize […]

The probate process can be opaque and time-consuming, potentially leading to delays and headaches. The good news is that you do not have to try to navigate probate on your own. You can have an attorney to ease your burden when you are likely dealing with many other things. Probate is the process whereby the […]

While wills are a beneficial way of leaving property to your children and family, they can also be very contentious matters. Things can be especially difficult when you are leaving property to adult children. If you are changing a will to adjust what you leave to your children, you should use planning and forethought because […]

When you give someone power of attorney, you place great trust in them. They will make decisions on your behalf relating to your finances or healthcare. You are counting on them to act as you would, implementing your wishes or deciding what they think is best. Therefore, it is crucial that you are very careful […]