Attention Virginia: Financial Advice from a State Treasurer

UnclaimedFrom checking Unclaimed Property to setting up automatic bill payments, here are some simple tips each of us can use to keep our finances organized this year.

Missouri State Treasurer Clint Zweifel recently wrote a column in The South County Mail from Rogersville, Missouri, entitled"Spring cleaning? Don’t forget your finances." Although you may not live in Missouri and it may not be spring, Mr. Zweifel has some "simple tips" for all of us on estate planning and taking care of our money.

Review and eliminate unnecessary expenses. Keep track of your subscriptions and automatic payments. If you have not watched your movie channels in months, cancel the subscription and save some money.

Set up an automatic payment to your savings account. Try to save money when you can, whether it is an emergency fund or for an upcoming purchase. Make it easier to pay yourself first, and over time it will become just another part of your monthly budget. You should also set up automatic payments. It isa good way to ensure that you are always up to date on your payments and avoid late fees.

Make sure you have appropriate insurance. Insurance is a critical safety net in the event of an emergency. Take some time to look through all of your plans and make sure you have the coverage that best matches your needs.

Finally, create or update your estate plan. The article warns that this will not earn you extra money, but it is crucial in planning for your financial future. Make sure your estate plan is up to date and that it includes all relevant assets. Talk to your estate planning attorney about a revocable living trust and/or beneficiary designations to avoid probate.  There can be some complicated questions when it comes to finances and taxes. Speak with an estate planning attorney and make sure that you do your "spring cleaning" even in the middle of summer!

You can learn more about this topic as well as other strategies on our website under the tab entitled: estate planning in Virginia. Be sure you also sign up for our complimentary e-newsletter so that you may be informed of all the latest issues that could affect you, your loved ones and your estate planning.

Resource: South County Mail [Rogersville, Missouri] (April 3, 2014) "Spring cleaning? Don’t forget your finances"


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The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.