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Trusts, wills can help with accomplishing financial objectives

When people in Virginia think about planning for the future, their minds often go to saving up money or planning for retirement. However, creating wills and/or trusts is also an important part of financial planning. Here is a look at why creating an estate plan featuring a will or trust is so critical.

When individuals create wills or trusts, they save both money and stress for a couple of reasons. The first is that they can ensure that their assets are handled according to wishes following their deaths. Second, they can minimize their tax liability.

Trusts offer many unique estate planning benefits

Many people throughout the United States, including in Virginia, prefer not to think or talk about death. For this reason, estate planning is oftentimes ignored. However, creating wills or living trusts is essential for protecting one's assets long term. Here is a look at what trusts in particular can do for asset owners.

Setting up a trust involves the execution of a trust deed as well as the transfer of a person's estate to a selected trustee for the estate beneficiaries' benefit. Three kinds of trusts are available: a private trust, public trust, and religious or charitable trust. In addition, trusts can be either irrevocable or revocable.

Families can seek compensation after deadly car accidents

There were no survivors of a recent two-vehicle crash in Virginia. Police indicated that it had been at raining the time of the wreck, but this is no excuse for negligent behavior. Drivers must adjust their behavior behind the wheel during inclement weather to avoid causing car accidents. 

The accident occurred shortly before 10 in the morning, when the driver of an eastbound vehicle apparently lost control of his vehicle. He drove across the center median of the road and directly into the path of a second car, which was heading west. Unable to break in time to avoid a collision, the second car hit the other vehicle on the passenger side. A witness reported seeing one of the vehicles smashed up and resting in the median, while the other appeared to be missing its roof. 

Could a vacation hurt your personal injury case?

Say that you suffered a serious injury in a car crash--perhaps your back, neck and shoulders keep throbbing. The last thing you feel like doing is going on a vacation two weeks later. It has been planned for nearly a year, is prepaid and your family is looking forward to it. It will put your body through a lot of extra pain but hopefully will be worth it in the end. Your doctor has cleared you but cautioned you to take it easy.

In fact, you do have a lot of fun. You are not able to do much, but you enjoy taking pictures of your spouse and kids as they frolic about. You even push through the pain to experience a few unforgettable moments and post them on Facebook.

Crossing road medians may lead to fatal car accidents

Three people have lost their lives in a tragic motor vehicle wreck in Virginia. The crash occurred on a recent Tuesday at about 10 a.m. These types of car accidents sometimes occur due to the carelessness of a driver, which is grounds for litigation.

According to authorities, a car was driving east on a road when the driver lost control of the motor vehicle. The driver ended up crossing into the road's median and entered a westbound car's path. The second car hit the first car on its passenger side.

Laws concerning therapy animals in Virginia

Many people rely on service animals to carry out a number of tasks. However, numerous states have begun to crack down on people who use fake service animals to bring their pets into businesses with them, including Virginia, which passed its own law on the matter in 2016. 

There are several different kinds of therapy animals people in the state can use from guide dogs, which help blind or partially blind people get around, to hearing dogs, which help alert their owners to any sounds requiring action in the area. There are many laws related to therapy animals both individuals and businesses in Virginia should be aware of. 

Buyers can get jump start on real estate transactions

Purchasing a house can sometimes feel like an impossible feat in Virginia due to the high competition that buyers can face. However, it is possible for buyers to complete real estate transactions involving homes that are not yet officially for sale, thus beating other buyers to the properties. Here is a glimpse at what buyers can do to get a jump start on buying the homes of their dreams.

First, buyers may wish to engage in retro outreach by sending out letters to those who live in the neighborhoods into which they would like to move. In the letters, they can simply ask if any homeowners in the neighborhood are planning to sell their homes soon. In addition, they could post signs in the neighborhood area that explain that they are interested in buying in the area, so that those who are planning to sell there can reach them by phone or email.

Injury-causing or fatal car accidents may occur due to speeding

A teenage boy has sadly lost his life in a motor vehicle collision in Virginia. Meanwhile, two other people were injured. These types of car accidents can easily occur due to a motorist's negligence -- for instance, speeding -- which is grounds for a lawsuit.

The recent car accident occurred at about 2 p.m. on a recent Wednesday. According to authorities, the boy, 17, was headed west along a road. All of sudden, his motor vehicle left the roadway and struck a tree.

Following the trends in Virginia real estate transactions

Virginia residents in the market for a new home may be keeping an eye on certain houses and desirable neighborhoods. Often, real estate transactions are a delicate balancing act where jumping too soon or waiting too long can result in big financial losses. However, experts in the market have made their predictions about the third quarter of the year, and it looks good for prospective buyers.

Mortgage rates continue to rise, and it is possible that more homeowners will hold off putting their homes on the market and instead access their home equity. Typically, the peak of the housing season is June, and sales slow as the year draws to an end. However, this opens the door for more aggressive buyers who are not afraid to shop for a home in the later weeks of summer.

Top 5 things you should do after a car crash

A Virginia car crash can be a frightening and possibly catastrophic experience for you and your family. Depending on the nature and severity of your crash, you and your passengers could find yourself facing serious injuries.

Knowing what to do – and not do – after a crash can mean the difference between recovering your damages, both personal and property, as quickly as possible and beginning what seems like a never-ending post-crash journey. Here are the top 5 things you should do immediately after an accident.

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