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Dillon Law Group PLC October 2018 - Dillon Law Group PLC
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5 Specific Irrevocable Trusts

Posted on : October 29, 2018, By:  George Dillon
5 Specific Irrevocable Trusts

Trusts come in two basic varieties:  revocable and irrevocable. There are variations of both types, along with significant advantages and disadvantages. This blog looks at 5 specific irrevocable trusts. Each trust has a purpose, a reason to exist. One or all of these trusts may be an estate planning tool that helps you achieve some […]

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How to Set Up a Special Needs Trust

Posted on : October 26, 2018, By:  George Dillon
How to Set Up a Special Needs Trust

Government benefits don’t completely support someone with special needs. Parents of children with disabilities face this reality daily. They also look to the future – how will their child receive the support he or she needs after they are gone? There are trusts to help with this type of problem. If you or a loved […]

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How to Avoid a Will Contest

Posted on : October 24, 2018, By:  George Dillon
How to avoid a will contest

Even close families may fight over a loved one’s estate. The worst emotions come out at stressful times, especially when money or cherished family heirlooms come into play. For example, when Fred R. passed away last year, he left behind a tidy nest egg and some luxuries gained from years of hard work. He intended […]

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What to Bring to a Real Estate Closing

Posted on : October 22, 2018, By:  George Dillon
What to Bring to a Real Estate Closing

Every real estate transaction has some things in common. But every closing may be slightly different. Even if you have attended real estate closings before, you need to know what to bring to a real estate closing if you are involved in any kind of real estate purchase. What Buyers Need to Bring Buyers may […]

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What Is Probate in Virginia?

Posted on : October 19, 2018, By:  George Dillon
What is probate in Virginia?

Lots of things happen after someone dies. Family and friends are notified, funeral arrangements are made. At some point, a deceased person’s property will be given to heirs. But there has to be a process, a system, to make this happen, right? The family probably needs to find out how probate in Virginia is handled. […]

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Pros and Cons of Sole Proprietorships

Posted on : October 17, 2018, By:  George Dillon
Pros and Cons of Sole Proprietorships

Budding entrepreneurs have to choose a business structure for their new ventures. In Virginia, they can choose from a number of business entity types, including corporation, general partnership, limited liability company, limited partnership, and the sole proprietorship. New business owners need to review the pros and cons of sole proprietorships, as well as the other […]

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Aretha Franklin and the Importance of Estate Planning

Posted on : October 15, 2018, By:  George Dillon
Aretha Franklin and the Importance of Estate Planning

Being famous doesn’t mean you are perfect. Being able to throw touchdowns or cry on cue or belt out the latest hit song doesn’t necessarily mean you are an expert at everything. For example, we often read about celebrities that made major estate planning mistakes. Just recently, the Queen of Soul, Aretha Franklin, demonstrated again […]

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What Is a 529?

Posted on : October 12, 2018, By:  George Dillon
What is a 529?

As a parent, you may be concerned about how to pay for your child’s college, even from the day they are born. Reviewing the myriad choices available for savings plans can be daunting. After all some of the plans have unusual names. For example, what is a 529 plan and how can it help you […]

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How to Protect Your Business from Divorce

Posted on : October 10, 2018, By:  George Dillon
How to Protect Your Business from Divorce

By yourself or with partners, you finally did it. You formed a business and poured your heart and soul into it. Now, it’s successful beyond your wildest dreams. Then the hammer falls – your spouse wants a divorce. Will you know how to protect your business from divorce? Some actions can be pre-emptive, while others […]

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Estate Planning for Second Marriages (and Third, Too!)

Posted on : October 8, 2018, By:  George Dillon
Estate Planning for Second Marriages (and Third, Too!)

Roughly 40-50% of marriages end in divorce. However, a substantial number of people still believe in love and remarry. In addition to renting tuxes and auditioning DJs, take a few minutes to consider what’s involved when estate planning for second marriages. Your heirs’ future may depend on it. Issues Involved in Estate Planning for Second […]

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