Ray is a loving father and a good friend who enjoys helping others. He helped his son build a deck, assisted his friend in finding a home, and even does his daughter’s taxes on Turbo Tax each year. However, when it comes to estate planning, incapacity planning, and/or Medicaid planning, Ray realized he could not […]
Common Estate Planning Mistakes Baby Boomers Should Avoid
Baby boomers, or those born between 1946 and 1964, are starting to retire in droves. For these people (and everyone else), it is important to create an estate plan to help protect assets and ensure that wishes are met in the event of death or incapacity. In doing so, it is critical to avoid mistakes […]
Top 14 Articles of 2014
From non-traditional living options to stricter driving laws in Virginia, we covered a lot of ground in 2014. It was a year that included a new act to help special needs families, enhancements to the Medicaid program, and amazing new technological innovations to help seniors age-in-place. At the Farr Law Firm, we expanded from Fairfax to new locations […]
Virginia 529 Prepaid Education Plan Limited Time Open Enrollment: Plan Ahead for Your Child or Grandchild
We all dream of the day when our child or grandchild is accepted to college. From the time he or she is diapers, we begin planning for great things. We drive them to soccer, gymnastics, and music lessons in hopes that they are talented enough to earn a scholarship to college one day. Then the […]
Updating Estate Planning Documents
Dear Ernie and Jannette, The last time I updated my estate planning documents was in 2003. Since then, both my children have gotten married and I have five grandchildren. I also bought a second home in Florida. Given these life changing events, should I be updating my estate planning documents? Best regards, Maksim Changes-Twomydocs […]
Are Estate Planning Services Tax Deductible?
Dear Saki and Alley, It is November and the end of the year is drawing near. Every year, at around this time, I begin paying close attention to tax deductions. I was wondering, if I use your firm to do my estate planning in 2014, are my legal expenses tax deductible? Juana Deduct-Allican — […]
Caution: Our Top 10 SCARIEST Articles
With Halloween upon us, it is time to present you, our dear readers, with this year’s scariest & creepiest stories. From the nightmare of probate to court cases involving filial responsibility, we uncovered some scary ground. To celebrate Halloween, we’ve ranked our scariest articles for you to revisit (if you dare). As always, thank you […]
Why Plan for Incapacity?
Dear Commander Bun Bun, I read a startling statistic that less than a third of the population has completed Incapacity Planning documents. Why don’t people plan for incapacity and how can my family begin the process? Justin Case — Dear Justin, Thanks for your question about incapacity planning. Reasons people don’t plan for incapacity often […]
Robin Williams: A Life Well-Lived and an Estate Well-Planned
Q. I read your special report on “Estate Planning Mistakes of Celebrities,” demonstrating why probate is such a nightmare and lessons that can be learned from the costly mistakes of celebrities. I appreciate all the advice on “what not to do” when it comes to estate planning. Are there any celebrities that offer examples of […]
New Technology to Age-in-Place
Currently, there are 75 million baby boomers (those born between 1946 and 1964). And, according to AARP research, more than 80% of them want to age-in-place as they get older. But how can they do so if they need family members—who most often don’t live with them—to monitor their medication and vital signs, and ensure that they’re eating, dressing, and using the bathroom? A major new wave of […]
How to Avoid Losing Massive Amounts of Money to a Nursing Home
When older adults think of estate planning, many actually have asset protection in mind. What they want is the peace of mind of knowing that the nest egg they’ve been saving for that proverbial “rainy day” will actually be available for them when that rainy day comes. The rainy day, for most people, is when […]
Good News – We’re Growing!
The Farr Law Firm, a busy, dynamic, and growing Elder Law & Estate Planning firm in Fairfax City, seeks to add an experienced Paralegal or Attorney to our Estate Planning and Estate Administration practice team. You must have superb writing skills, highly-developed organizational skills, strong typing and computer skills, sharp editing skills, polished and professional […]
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