Tag Archive for "beneficiaries" | Davis Law Group, P.C.

Can I Make Estate Plans Without My Spouse?

The American family has changed quite a bit over the last few decades, and assumptions that a couple will share bank accounts, tax obligations or even last names can be thrown out the window.

Nowadays, there are plenty of options for couples to keep finances, identities and future plans separate. But what about when it comes...

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May 6, 2021

Douglas Davis

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Davis Law Group

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Loan, Gift, or Advancement: Why the Classification Matters

While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning.
Accordingly, the intent behind the transfer of the money is key when determining if it will be considered a loan, gift, or...
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January 27, 2021

Douglas Davis

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Davis Law Group

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What to Do When You Inherit a Retirement Account

For decades, common financial planning wisdom has encouraged almost all American workers to maximize their contributions to qualified retirement accounts.
There is no question that doing so can be a powerful way to reduce current income tax liability, increase savings exponentially tax-free, and, in most states, protect your savings from claims of creditors. And by and...
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December 10, 2020

Douglas Davis

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Davis Law Group

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Avoiding Financial Grief: How to Protect Your Significant Other from Frozen Accounts

The death of a loved one is one of the most difficult times in a person’s life.
Nothing can truly prepare you for such a loss. However, dealing with the financial stress of frozen bank accounts can increase the stress. Without proper planning, your loved one could struggle to gain access to your accounts, creating real...
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November 12, 2020

Douglas Davis

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Estate Planning & Administration

757, attorney, bank account, beneficiaries, Chesapeake, coastal virginia, Court, Davis Law Group, DLG, dlgva, eastern virginia, estate, estate law, estate lawyer, estate plan, estate planning, estate planning and trust administration, finances, financial planning, greenbrier, Hampton Roads, hrva, joint ownership, Law, lawyer, legal, marriage, Norfolk, Portsmouth, probate, spouse, Suffolk, survivorship, Tidewater, trust, va, Virginia, Virginia Beach, will

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Tag Archives: beneficiaries

Can I Make Estate Plans Without My Spouse?

The American family has changed quite a bit over the last few decades, and assumptions that a couple will share bank accounts, tax obligations or even last names can be thrown out the window.

Loan, Gift, or Advancement: Why the Classification Matters

While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning.

What to Do When You Inherit a Retirement Account

For decades, common financial planning wisdom has encouraged almost all American workers to maximize their contributions to qualified retirement accounts.

Avoiding Financial Grief: How to Protect Your Significant Other from Frozen Accounts

The death of a loved one is one of the most difficult times in a person’s life.

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