ESTATE PLANNING

Estate Planning

Estate Planning
Estate planning is the process of organizing your personal and financial affairs to be prepared in the event of disability or death and to arrange for the orderly transfer of your property to your intended beneficiaries. The key is to create a plan specifically designed to your needs and desires. Legacy & Trust Legal Counsel, PLLC work with our clients, taking the time necessary to ascertain those needs and desires, and to explore various ways to implement a tailor-made estate plan.

When it comes to checking tasks off your financial to-do list, estate planning is probably the last item you will get to—if you get around to it at all. While nobody wants to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. Proper estate planning not only puts you in control of your finances but it can eliminate the difficulties, expense, delay and frustration associated with managing your affairs when you pass away or become disabled.

Estate planning is about life planning – now and in the future. Most importantly, estate planning is about the life of your family, your loved ones and the peace of mind you gain from helping to provide for their financial security and your legacy. A Will is the cornerstone document in any estate plan. Without a Will, your state legislation dictates how your assets will be distributed upon death, which may not be as you intended. At Legacy & Trust Legal Counsel, PLLC have the knowledge and depth of experience to help you plan your Will – whether it involves the straightforward distribution of your assets or includes complexities such as the creation and ongoing management of trusts.

Estate planning involves more than just “making a Will”. Your estate plan should also anticipate possible future incapacity. A Power of Attorney is a legal document that gives someone else the authority to act on your behalf. Should you become incapable of managing your financial affairs or making decisions about your medical or health care and you failed to appoint someone to act on your behalf, an application to court may be required to appoint someone to make these decisions for you.

Proper estate planning involves understanding a client’s unique circumstances and constructing a plan that will cover a client’s specific concerns. At Legacy & Trust Legal Counsel, PLLC we have helped our clients plan, preserve and transfer their wealth and legacy. We can assist you in developing, implementing and administering your tailored estate plan.

NOW is the Best Time to Plan Your Estate

No one likes to think about their own mortality or the possibility of being unable to make decisions for ourselves. This is exactly why so many families are caught off-guard and unprepared when incapacity or death does strike. Don’t wait. You can put something in place now and change it as your circumstances changes. Your estate plan needs to be reviewed to keep it relevant to your current assets and family situation.

Peace of Mind

Knowing you have a properly prepared plan in place – one that contains your instructions and will protect your family – will give you and your family peace of mind. This is one of the most thoughtful and considerate things you can do for yourself and for those you love.

In addition to our general estate planning services, we offer services in the following specialty areas.
  • Advanced Estate Planning: Advanced estate planning goes beyond the simple question of who gets what to how you can minimize taxes, what happens to your businesses, and other considerations that will help maximize your wealth for future generations.
  • Asset Protection Planning: Asset protection finds ways to shield your assets from lawsuits and creditors so that your hard-earned savings can go to your family.
  • Planning for Children: If you have children, be sure that their upbringing and education are provided for and consider protecting them from irresponsible decisions with vehicles such as trusts.
  • Special Needs Planning: Family members with mental or physical disabilities who are unable to care for themselves need to be provided for so that their care can continue even when you are gone.
To get started with a plan to protect your assets for future generations in Northern Virginia, Alexandria, Arlington, and Fairfax, contact Legacy & Trust Legal Counsel LLC today.
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