Bobby’s Blog

Blended Families and Estate Planning

If you, or your significant other, have been through a divorce, the impact on how you plan your estate can be significant. The absolute worst thing you can do in this situation is nothing and hope your loved ones just “figure it out.” What if your ex-spouse comes out of nowhere and claims they are entitled to certain benefits? It’s happened before. Check out this article I published a few months ago about a Maryland case that involved such a fast pattern: http://insightlaw.net/current-events/attack-of-the-ex-spouse-maryland-court-allows-former-wife-to-receive-50-percent-of-deceased-ex-spouses-pension-benefits. So what should you do? Well, a good first step is to review all of your current estate...

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Take Part in the Seventh Annual Virginia Healthcare Decisions Day

Virginia is putting the spotlight on an important aspect of estate planning - healthcare directives. The Seventh Annual Healthcare Decisions Day will take place on April 16th. For more info, check out the Virginia State Bar's info page. So what is this day all about? Well, a critically important estate planning document is an “Advance Directive.” This document allows you to put your wishes regarding medical care in writing and lets your loved ones know the types of medical care you do and do not want in car you are unable to express your wishes. Generally, there are two types of...

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Limiting Exposure to Liability Critical for Small Business Owners

If you’re a business owner, one of the most important legal concepts you need to be familiar with is limited liability. You’re probably somewhat familiar with limited liability if your business is structured as an “LLC” (which stands for Limited Liability Company) or “PLLC” (which stands for Professional Limited Liability Company). Additionally, if you’re a shareholder, you enjoy limited liability for the actions of the corporation. However, courts across the country have recognized certain circumstances where a court can “pierce” the proverbial “corporate veil” and hold shareholders liable for the actions and/or negligence of a company. The standard used...

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The Long Goodbye – Living with Alzheimer’s and Why You Need an Estate Plan

Alzheimer’s disease has made numerous headlines recently. Country music legend Glenn Campbell won a Grammy award for his heartbreaking song “I’m Not Gonna Miss You” which provides insight into the singer’s steady decline after being diagnosed with Alzheimer’s disease. In addition, the movie “Still Alice” was released, which is based on the best-selling book (same title). ABC News also did a report providing a glimpse into what life is like with Alzheimer’s. Check out the video here: https://www.youtube.com/watch?v=LL_Gq7Shc-Y It’s clear that Alzheimer’s is a cruel and tragic disease. It’s often referred to as the “Long Goodbye” because it doesn’t hit...

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