Newly Wed Game
If you’ve recently married your spouse, congratulations! Marriage is one of the most challenging and rewarding relationships possible. You will live together and share everything: a home, experiences, memories, family, and, yes, property.
In Virginia, upon your marriage, each of you becomes the others’ heir by operation of law. If you do nothing else, each of you stands to inherit the others property. A whole host of factors, however, may suggest further planning is needed: sizable assets including life insurance benefits, heirloom property, a disorganized spouse, or one with special needs, or children from a prior marriage.
Each couple is unique and presents particular issues for planning. A consultation with an F.A. Webb attorney will help you decide how to plan.Posted by Editor | 0 comments