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wills and trusts Archives

Wills and trusts will ensure that families are protected

Death is one of the few guarantees in life. Although death is inevitable, its a subject that is never easy to talk about. However, in the event of death, having a plan will ensure that assets and families are protected. Unfortunately, it's not uncommon for families in Virginia to put off planning for death until it's too late. Wills and trusts are often thought of as things that only rich families use, but these plans can be used by all families.

Detailing intestate succession in Virginia

Estate planning is often a hot-button issue for many in Warrenton. Perhaps it is the reality of dealing with one's own mortality that prompts many to put off the process. There also may be more practical concerns as to why so many have yet to draft a will (indeed, information shared by the American Association of Retired Persons shows that only four in 10 American adults have a will). No one wants to cause contention amongst those they leave behind. Instead, many may think that by not having a will, their heirs will be able to decide how to divide up their assets. 

Estate planning for millennials

It is all too easy for someone who is still in their twenties or even in their thirties to put off creating a will, a trust or outlining other important matters. Generally speaking, estate planning has been thought of as something only needed by someone much older. However, the reality is that estate planning is very important for people of all generations.

What should you look for in a health care agent?

A health care agent in Virginia can go by many different names: proxy, surrogate or attorney-in-fact. Whatever the appellation, however, the purpose of a health care agent is to uphold your wishes for the medical treatment you want to receive in the event of your incapacitation, as well as to make decisions for you should circumstances arise for which your living will does not provide specific instructions. According to FindLaw, you should consider certain factors carefully when selecting your health care agent.

What should you know before writing a will?

Creating your will is an important step to ensure things go smoothly in the event of your death. Creating a plan ahead of time can help Virginia courts as well because if you do not have a will, everything is left up to the court. It can create a lot of issues for those you leave behind. When creating your will, there are some things you want to think about before you begin.

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