Virginia Estate Planning Lawyers

 

A strategic estate plan will consist of important legal documents that ensure your finances and property are managed and distributed to your beneficiaries according to your wishes when you pass away. Proper estate planning means having a plan in place for your future, and one that provides you and your family peace of mind.

Estate planning can reduce confusion and contention among your loved ones when you pass away. The experienced and compassionate Virginia estate planning attorneys of Taylor, Taylor & Taylor, Inc. can help you create an estate plan that clearly defines your wishes and prevents your loved ones from having to deal with costly tax issues and other problems when dealing with your estate.

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At Taylor, Taylor & Taylor, Inc., we are committed to taking the time to listen to your story and understand your situation. Together, we can create a strategic and comprehensive plan that protects your wealth, assets, and loved ones when you can no longer do so. Call us or reach out to us online to schedule a confidential consultation with our Virginia estate planning lawyers today.

 

Benefits of an Estate Plan

 

Protecting your loved ones after your death is the primary benefit of having an estate plan. This is especially critical if you have children under 18, because a will specifies who will be their guardian should you pass away. If you don’t have a will in place, a court may decide who will raise your children.

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Even if you do not have children, you might have other family members who are unable to care for themselves or need other assistance that you would like to ensure continues once you pass away. You can specifically provide this for them through an estate plan.

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A well-crafted estate plan is one of the best things you can leave for your loved ones. It can give you piece of mind knowing that your final wishes have been clearly defined and that your beneficiaries will not be forced to deal with unexpected costs, long wait times for disbursement, and emotionally charged battles over which assets should be distributed to whom.

 

Estate Planning Services We Provide

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Taylor, Taylor & Taylor, Inc. provides qualified legal counsel on the following estate planning services:

• Wills

• Guardianship

• Probate

• Power of attorney

• Advanced medical directives

• Special needs trusts

• Trusts for minors

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It is important to note that you do not have to be wealthy to have an estate plan in place. Everyone should have a plan for what will happen when they pass away, regardless of what you own.

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Many people also do not realize that estate planning is not a one-time thing. Instead, it is an evolving process that can and will change over time. Putting a plan in place is vital but knowing that you can alter it as your situation changes is also crucial. You should reevaluate your estate plan any time there is a major life event in your family, such as a birth, death, divorce, remarriage, or the like.

 

Five Steps to Creating an Estate Plan

 

Here are five key steps to making an estate plan:

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• Retain an experienced estate planning lawyer : Retaining an experienced estate planning attorney is the first step to take when creating an estate plan. Estate planning is among the most important decisions if your life. It is something that involves your finances and your family. Even a small mistake during the estate planning process can prove to be catastrophic. Because estate planning is time-consuming and complicated, you should hire a highly skilled and knowledgeable attorney who can help you put together a quality estate plan.

• Make a list of what you own and owe : Your estate includes everything you own. It is important to take inventory of all your assets, such as your home, real estate, bank accounts, investments, life insurance, and personal possessions. After you take inventory, you will need to estimate their value. This can be done through recent bank statements, tax assessments, and appraisals.

• Identify your beneficiaries. : Beneficiaries are the people or organizations that will receive assets owned by you after you pass away. In most cases, the property you own jointly, such as with your husband or wife, will automatically become the co-owner’s property.

• Identify your beneficiaries. : Beneficiaries are the people or organizations that will receive assets owned by you after you pass away. In most cases, the property you own jointly, such as with your husband or wife, will automatically become the co-owner’s property.

 

Why Choose Taylor, Taylor & Taylor?

 

The Virginia estate planning attorneys at Taylor, Taylor & Taylor, Inc. understand that estate planning is not a one-size-fits-all matter. We take pride in having established long-term relationships with our clients and providing them with the personal attention their situation deserves. Our attorneys are able to craft custom estate plans to meet each and every client’s unique needs.

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Call us or Contact us online today for a confidential consultation.

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