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Wills & Basic Estate Planning
Virginia Estate Planning Lawyer Helping You Plan for The Future
Creating your will and estate plan may be a confusing, uncertain process, which is why it is critical to solidify key decisions such as the distribution of your estate, assets and beneficiaries with an accomplished, detail-oriented attorney. You’ve worked hard to build your estate throughout your entire life, so it’s important to protect these assets and identify the loved ones who will acquire them when the time comes.
There is no right or wrong time to create your will and estate plan, as long as you’re at least 18 and mentally competent. In fact, there are countless advantages to creating a will and estate plan early, with the primary benefit being that you will have control of who will carry on your legacy. In addition, you’ll be able to rest easy knowing your hard-earned assets will be in the control of those you care about most.
To get started now, contact us online or call (434) 264-5444.
Customized Legal Counsel You Can Count On
Our attorney understands the pressure you may feel to effectively secure your assets and beneficiaries in the hands of loved ones. It’s difficult to choose when to designate what to whom and why. With all of this in mind, let’s review the basics.
A will is a signed document in which you (known as the “testator”) directs what is to be done with your property after death. Components of your will include:
- Gift Provisions
- Personal property and household items
- Administrative provisions
- Funeral wishes
A basic estate plan accounts for the management of your assets if you become incapacitated, and after your death. Even more complicated than a will, your estate plan incorporates your:
- Living trust
- Financial power of attorney
- Health power of attorney
- Beneficiary designations
- Provision for digital assets
- Healthcare directives
A will is essentially a significant component of your estate plan. It directs who will receive your assets after your death, whereas estate planning arranges the distribution of your assets in a way that maximizes benefits for your beneficiaries. There are various complications when creating your will and basic estate plan, specifically in completing the required paperwork. Any minor mistake could result in permanent, unintended consequences.
With Great Power Comes Great Responsibility
Directing the future of your valuables is a substantial duty accommodated with tedious and daunting tasks. A great level of precision and detail go into crafting these documents, and any minor slip up could cause regrettable results. You need attentive, personalized legal counsel with a praiseworthy track record to take care of the details so you can focus on what’s important: Your valuables and loved ones. Our wills and estate planning lawyer will uphold your wishes with respect and integrity while working proactively to ensure you are prepared, equipped and comfortable with your decisions.
Don’t hesitate to contact our team at A. R. Pike Law Firm to start planning for your future!