We just want to express our thanks to Ms. Brittany Carper for a job well done! We just finalized our [...]—SJH

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Making a Will or Estate Plan

WHAT DO I NEED? HOW MUCH SHOULD I PAY? When you call Bob Goodall at Goodall Pelt & Carper, P.C. ,(540)-659-3130, to ask about estate planning, we will send you for free in advance an explanation of the main things which we discuss in a face-to-face consultation, which will include a review of what you […]

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Using a Trust when Beneficiary Designations Won’t Work

One convenient way to direct assets at death is through the beneficiary designation. For example bank accounts and certificates of deposit can be in your name with a pay-on-death (POD) provision naming the persons could receive the balance of the account when you die. Retirement accounts, IRAs and life insurance policies will name a beneficiary. […]

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If I file Bankruptcy, will I Lose all my property?

Our most common bankruptcy client is an individual or married couple. They may have a house with a mortgage or two. They have a car with a car loan, and an older car without a loan. They have household furnishings, clothing, bank accounts and retirement accounts. Debts have become overwhelming due to loss of income, […]

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Who Needs a Revocable Living Trust?

A trust is a property management arrangement in which one person called a “settlor” or “grantor” creates the trust and transfers property to it. A “trustee” holds title to the property and manages it and uses it according to the directions of the settlor. The people who benefit from the trust are called “beneficiaries”. A […]

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Who Needs a Will?

You need a will if you want to leave property at your death to anyone other than the people who will inherit from you if you don’t have a will. In Virginia, the people who inherit from you if you don’t have a will are, in this order of priority: Your spouse inherits everything, unless […]

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