Category: Estate Planning

The start of a new year is a perfect time to plan for the future and make intentional goals. If you already have an estate plan, the new year marks an opportunity to review. If you do not have a plan, the new year is an ideal time to get started. At Anchor Legal ®, […]

When a loved one passes away, their assets and property are typically distributed according to the terms of their will. Unfortunately, disputes can arise regarding the will or who is entitled to inherit. While grieving the loss of a loved one is difficult enough, navigating a legal dispute can be overwhelming. You have the legal […]

Estate planning is one of the most thoughtful and practical gifts you can give a newly married couple. While young couples may not immediately consider estate planning as they start their life together, gifting an estate plan is an intelligent way to help them address personal, financial, and healthcare goals. It also ensures they are […]

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 […]