Blended families often face unique challenges when creating a will. Couples with children from previous relationships may want to ensure that their children, as well as their spouse’s children, receive fair treatment after their passing. A well-drafted will help clarify those wishes and avoids conflicts that could arise. Start with an inventory of assets The […]

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Understanding the rules around inheritance and taxes can help individuals manage their financial planning. Virginia does not impose its own inheritance tax, which means that beneficiaries generally do not pay state taxes on what they inherit. However, federal estate taxes could still apply, depending on the value of the estate.  Federal estate tax exemption The […]

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