Virginia Estate Planning – Wills & Trusts
WILLS, TRUSTS AND ESTATE PLANNING
Everyone needs a Will. Estate planning is not just for the wealthy; it is for anyone who wants to make sure their final wishes are carried out. Choosing who will look after your children, and how your estate will be distributed after your death are among the most important decisions you will ever make.
Ensure your family is cared for. If you die without a valid Will, your spouse, partner or children may receive less than you wish.
Choose who will look after your minor children. For young families, it is important to name a guardian.
Avoid delays and costs. A valid Will avoids delays in settling the estate and minimizes inconvenience to family members.
Minimize or defer tax. Most estates will benefit from tax planning, to ensure that the people you care about receive as much or your wealth as possible. Frequently, trusts can be used to give income splitting advantages.
Keep control over who gets how much of your estate and when. Without a valid Will to indicate your wishes, the Court steps in and distributes your property according
to state law.
Identify litigation risks. We develop strategies to minimize the possibility of conflict between family members.
To discuss your estate planning options, contact us for a free consultation.