Understanding the closing process and how and when funds are disbursed is an important part of your real estate transaction. When we serve as settlement agent, we are acting as an escrow agent in a fiduciary capacity (a position of trust) to ensure that the...
If you want to provide for a loved one who is disabled or has special needs when you are no longer here, care must be taken to ensure that the inheritance you leave will help rather than harm your loved one. An inheritance received outright could negatively impact...
Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may...
Virginia law requires all registered business entities to have a registered agent and have a registered agent office listed with the State Corporation Commission (SCC). The purpose is to have someone available to receive formal notices, such as service of a lawsuit...
Title insurance is the application of the principles of insurance to risks which are present in all real estate transactions. Two basic categories of risks inherent in all real estate transactions are hidden hazards, such as forgery, fraud, incompetency of grantors,...
Clients frequently ask why Powers of Attorney are necessary for married couples. It is a common misconception that your spouse will be able to handle everything on your behalf, should you become incapacitated. This is simply not the case. Our basic estate planning...
Death is a personal and private affair that affects the deceased’s close family and friends. However, there is at least one aspect of death that may require state oversight: probate. Probate is the court-supervised process of either (a) carrying out the...
Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may...
Death is a personal and private affair that affects the deceased’s close family and friends. However, there is at least one aspect of death that may require state oversight: probate. Probate is the court-supervised process of either (a) carrying out the...