When A Trust is Ambiguous

Q. I have been married to my second husband, Tony, for 10 years. We have two children together and three from both of our previous marriages. I am very close with my mother-in-law, Isabella who recently moved in with us and helps … [Read more...]

Does my Life Estate Qualify for Real Estate Tax Relief?

Q. My mom has owned a home in Fairfax County for over 20 years. Last year she came to your firm and did an irrevocable Medicaid Asset Protection Trust. Your firm deeded her house into the trust, but had her keep a life estate in … [Read more...]

Critter Corner: The Best Way to Show Your Loved Ones That You Care This Valentine’s Day

Dear Angel, On Valentine’s Day, most people buy chocolates, flowers, or jewelry, and go out for a fancy dinner or get carryout these days.  As a recent widow (my husband passed away two years ago), I don’t have a special … [Read more...]

What Do Different Generations Care Most About in Their Estate Planning?

Q. My daughter, Abby, is 30 and newly married. Similar to many of her friends, Abby and her husband decided to do their estate planning because the coronavirus got them thinking about their mortality. It got me and my husband, who … [Read more...]

Critter Corner: What Does a Taking a “Holistic” Approach to Estate Planning Mean?

Dear Hayek,   In sitting down with my husband to discuss our estate planning, I’m realizing that planning our legacy can be a complicated process. Navigating how to pass on financial assets, real estate, and personal … [Read more...]

How Well Did Eddie Van Halen, Kobe Bryant, and Alex Trebek Plan for Their Loved Ones?

As everyone knows, 2020 has been a challenging year for many reasons. Luckily, there are only nine more days left of the year, and we’re hoping that 2021 brings much better things. Besides the coronavirus pandemic, one of the … [Read more...]

When You Inherit Unexpectedly

Q. When my sister-in-law, Erin, got her 23 and Me results in the mail a couple years ago, she was surprised to find out that she is Scottish, Irish, German, and almost a quarter Native American. Since then, she has connected with … [Read more...]

Critter Corner: Is Estate Planning Worth it?

Dear Hayek, I am a planner by nature. I plan everything in advance from dinner for the week to a family vacation in a year. My wife isn’t much of a planner and is glad that I am the way I am. The only thing is that she does not … [Read more...]

No Matter How Old He Is— He’s My Son and I’ll Take Care of Him!

Q. I read about a situation where a 98-year-old mom named Ada Keating moved into a senior home to help care for her 80-year-old son, Tom. As a single mom with a son, I could understand wanting to ensure your child is well cared … [Read more...]

Critter Corner: Should We Leave Our Money to Our Children Outright?

Dear Magic, My wife and I are planning to do our estate planning soon. We want to leave our money, property and valuables to our children. They are teenagers now. What’s the best way to do so? Should we leave our money to our … [Read more...]

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