Some advice from your oldest daughter on incapacity planning …you must understand your revocable trust. For many individuals seeking comprehensive estate planning, a revocable living trust is one of the more powerful tools available to you to protect against the needless cost and time imposed by the probate process. However, while you might understand that revocable living trusts give you the ability to reduce or eliminate the necessity of probate, you might not realize that a revocable living … [Read more...]
Why Every Adult Needs an Advance Medical Directive
Happy National Healthcare Decisions Day! In honor of this national holiday, I want to share with you some important information about Incapacity Planning. Understanding Incapacity Planning: Why every Adult needs an Advance Medical Directive Here in Central Virginia, we have found that many people have heard the terms “Advance Medical Directive” or “end of life” planning but have no idea what it really means. As your ‘oldest daughter/sibling and family advisor’ I feel there is no subject more … [Read more...]