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

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...

December 10, 2020

Douglas Davis

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Davis Law Group

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Why Probate Takes So Long and How to Avoid It

After a loved one dies, their money and property must be distributed to the right people, either according to their will or the state’s default distribution scheme.

Even if you are staying on top of the process, probate can take a minimum of 12 months and sometimes stretches out for years – yes, years. These delays...

September 17, 2020

Douglas Davis

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Estate Planning & Administration

757, attorney, beneficiaries, Chesapeake, Court, Davis Law Group, DLG, dlgva, Doug Davis, estate, estate attorney, estate court, estate law, estate plan, final will, greenbrier, Hampton Roads, hrva, Law, lawyer, legal, Norfolk, Portsmouth, probate, Suffolk, Tidewater, trust, va, Virginia, Virginia Beach, wealth management, wealth planning, will

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Estate Planning for Every Family: 5 Scenarios

Estate Planning is not just for the elderly. It’s not just for the wealthy. Estate Planning is for anyone who wants to protect their family and legacy after they’re gone.

But everyone’s Estate Planning needs are different and no two plans look alike. So today we’ve put together a few examples of how an Estate Plan...

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August 19, 2020

Stephen Haynes

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Davis Law Group, Estate Planning & Administration

757, attorney, beneficiaries, Chesapeake, coastal virginia, Davis Law Group, dependents, DLG, dlgva, Doug Davis, estate attorney, estate law, estate lawyer, estate planning, estate planning and trust administration, greenbrier, Hampton Roads, hrva, inheritance, irrevocable living trust, jake balderson, Law, lawyer, legal, medical directive, Norfolk, Portsmouth, power of attorney, probate, revocable living trust, southeastern virginia, stephen haynes, suanne bryant, Suffolk, Tidewater, trust, trustee, va, Virginia, Virginia Beach, wealth management, will

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Take Advantage of the New SECURE Act through Supplemental Needs Planning

There have been some significant legal changes recently that may impact how you can maximize your retirement and tax planning.
Last year, Congress integrated the Setting Every Community Up for Retirement Enhancement (SECURE) Act into the Further Consolidated Appropriations Act of 2020, which included special considerations about inheriting retirement accounts for those beneficiaries classified as disabled...
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July 21, 2020

Jake Balderson

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Estate Planning & Administration

401K, 757, attorney, Chesapeake, coastal virginia, Davis Law Group, disability, disabled, distribution, DLG, Doug Davis, estate attorney, estate plan, estate planning, greenbrier, Hampton Roads, hrva, inheritance, IRA, Law, lawyer, legal, Norfolk, Portsmouth, retirement savings, retirment account, SECURE Act, southeastern virginia, Suffolk, supplemental needs trust, Tidewater, trust, trust administration, va, Virginia, Virginia Beach, wealth, wealth management, will

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Tag Archives: wealth management

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.

Why Probate Takes So Long and How to Avoid It

After a loved one dies, their money and property must be distributed to the right people, either according to their will or the state’s default distribution scheme.

Estate Planning for Every Family: 5 Scenarios

Estate Planning is not just for the elderly. It’s not just for the wealthy. Estate Planning is for anyone who wants to protect their family and legacy after they’re gone.

Take Advantage of the New SECURE Act through Supplemental Needs Planning

There have been some significant legal changes recently that may impact how you can maximize your retirement and tax planning.

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