As parents age, children need to have tough conversations with them to keep their care and assets in the right hands. Here is a helpful guide for adults with parents who may be getting older, or are in declining physical or mental health, and need assistance preparing their estate plans. How to start the conversation […] The post How to Help Your Aging Parents Make Their Estate Plans first appeared on Nova Estate Lawyers ..read more

While your last Will can ensure your descendants receive personal effects and assets on your passing and assign a guardian for minor children, there are limits to what it can achieve. What a Will Cannot Be Used for in Virginia A professional estate lawyer in Virginia can guide you further, but these are some of […] The post What You Cannot Add to a Virginia Will and What It Cannot Do first appeared on Nova Estate Lawyers ..read more

New Year’s Resolutions offer us the chance to reflect on the previous year and make informed personal or professional decisions about our lives moving forward. We recommend you start the new year off prepared by adding estate planning resolutions to your list. Having an organized, comprehensive plan will ensure that your estate and assets be […] The post 7 Estate Planning Resolutions for 2023 first appeared on Nova Estate Lawyers ..read more

Selecting someone you trust to be an executor of your Will is an important decision. Being an executor means dealing with significant responsibilities at a time when that person is experiencing the stress and grief of a meaningful loss. Preparing your future executor to do this sometimes-challenging job with confidence and ease is as important […] The post How to Make Your Future Estate Executor’s Job Easier first appeared on Nova Estate Lawyers ..read more

Certain life events may warrant an update to your estate plan, such as changes to your marital status, family members, or your assets. It’s critical to review and update your Will and other estate planning documents after such a milestone; otherwise, your most up-to-date wishes may not be carried out if you pass away unexpectedly. […] The post 6 Life Events That Warrant an Update to Your Estate Plan first appeared on Nova Estate Lawyers ..read more

It’s never too early to start creating an estate plan. Estate planning allows you to dictate what happens to your assets in the event of your death or incapacity. Planning ahead will ensure a smooth probate process for your loved ones and beneficiaries, or help them avoid probate altogether. Early estate planning will also give […] The post Your Estate Planning Checklist: 5 Steps to Get Started first appeared on Nova Estate Lawyers ..read more

Estate planning can be a heavy, complex topic for everyone involved, especially if the discussion is focused on your aging parents. Nevertheless, it is important to bring this topic up to ensure your parents’ wishes are honored after their passing or if they become incapacitated during their lifetime. Here are five ways to approach estate […] The post How to Talk to Your Aging Parents About Estate Planning first appeared on Nova Estate Lawyers ..read more

Many people plan to pass on money and property to their loved ones after they die. However, if you have a sizable estate, you need to consider using a combination of lifetime gifting and gifts at your death to ensure your heirs receive all you have spent a lifetime saving and not risk your estate […] The post Gifting as an Estate Planning Tool: What You Need to Know first appeared on Nova Estate Lawyers ..read more

Estate planning involves choosing a person to carry out your final wishes in your Last Will and Testament (Will). Many people choose family members, such as a spouse or adult child, as their executors, but relatives are not the only option. For individuals who don’t have or want a family member to handle their estate, […] The post Who Else Can Be My Estate Executor Besides Family? first appeared on Nova Estate Lawyers ..read more