What Should I Ask My Estate Planning Attorney?

Asking questions during a consultation is practical and illuminative. We want you to have confidence in everything you need to know moving forward.nnHere are some potential questions you can ask to help you decide who you want to work with:nnHow long have you been practicing law?nWhat are the costs that are included in any estate plan made?nWhat are the primary documents needed for my estate?nWhat should I do with my documents once I leave here?nHow long does it take for the documents to be created?nHow do you address updates for the estate plans that are made?nAnother idea is to look at other clients’ reviews and testimonials about working with them.nnBy finding the right estate planning attorney for you, you will have an excellent resource for you and your family.nnContact us to learn more about how we can help you and your loved ones with estate planning.

How Can My Family Be Involved When Creating My Estate Plan?

Creating an estate plan with your family involved can be very straightforward. In fact, it can be the intelligent way to go if you have any concerns with specific personalities in your family. Involving them can lessen potential stress and discord if you are incapacitated or pass away.nnThe first step is to speak with us and determine what documents should be in your estate plan, and then once they are drafted, reviewed, and signed, hold a family meeting. It is recommended that this include any individual in the documents. However, you can also include the rest of your family if you feel it is best.nnAt the meeting, you should explain your desires and goals for the future. Then, you can share your reasoning for making certain decisions, such as the individuals in your documents, and have everything laid out for them to see and understand.nnThe best result is you feel more confident after the meeting, knowing that you have done your best to have your loved ones included. This will hopefully encourage minimal conflict and harm later on.nnContact us to learn more about how we can help you and your loved ones with estate planning.

How Do I Choose The Individuals To Include In My Estate Planning Documents?

When deciding who to choose, it is crucial to consider your family relationships and if the person you chose has the right qualifications.nnA few things to consider are if the individual has the proper skill set and business sense for this role, but there are other things to consider. It is important to consider how they will get along with the remaining members of your family and if they can handle matters peacefully and smoothly. You want to trust fully that your affairs will be taken care of in the manner you request.nnOverall, it is wise to choose someone that has organizational skills, is upfront and honest, and is respectful to everyone included.nnContact us to learn more about how we can help you and your loved ones with estate planning.

How Much Does Estate Planning Cost?

Fortunately, the cost of Estate Planning far outweighs the costs that may be incurred by you and your family if there is no plan in place. Some expenses that may arise:nnEstate death tax: whether your estate pays this and how much depends on the size of your estate and your location.nProbate Court costs: all courts have fees and costs, plus the probate attorney’s fees that will be incurred which typically are charged hourly.nCreditors and debtors: without specific actions taken, third parties can go after most of your assets, leaving much less for your beneficiaries.nLong-Term Care costs: due to the incapacitation of you or your spouse, your estate may be exposed for payment without proper protections.nThese costs could be reduced or entirely avoided with the help of a detailed estate plan. Contact us to learn more.

What Documents Will Be Drafted In My Estate Plan?

There are several documents to include in your estate plan to prepare you and your family for the future. There are different reasons for each of these documents, so speaking with an attorney to discuss them is vital to decide what you need.nnHere is a basic list of documents that are incorporated into most estate plans:nnLast Will and TestamentnRevocable Living TrustnFinancial Durable Power of AttorneynHealth Care Power of AttorneynLiving Will and Advance Care PlannYou should also update your beneficiary designations and create a Letter of Instruction or Intent to explain and express your intentions after you pass away.nnContact us to learn more about how we can help you and your loved ones with estate planning.

How Is An Estate Plan Created?

Every estate plan is unique and needs to be individualized for you specifically.nnTherefore, we will start our first meeting by getting to know you and asking you questions.nnHere are some questions we might be asking you:nnHow do you want to provide for your spouse?nWhat are your assets, and how do you want them protected?nIs privacy important to you regarding your assets after you pass away?nAre you interested in learning how to protect your assets from creditors and other third parties?nAre you concerned about the mismanagement of your assets after you pass away?nDo you know the prominent individuals you feel would be able to help you should something happen to you?nDo you know the individuals that you would like to handle your estate after you pass away?nHow do you want your assets distributed?nOnce we have answers like these, we can make a comprehensive and personalized plan for you. So contact us to get started today.

Who Needs An Estate Plan?

Your age will decide what kind of estate plan is necessary. For example, once you turn 18, a financial power of attorney and/or healthcare power of attorney would be helpful if something happens that leads to you being incapacitated or hospitalized.nnWhen you get older and/or acquire assets, you should have a plan to protect your assets. Further, once you have children, you must plan for their future, from potential guardians to how their inheritance is handled.nnLastly, the most significant time in your life to create your estate plan is when you reach the age of 65 or older. By creating a comprehensive estate plan at this point, you ensure that there is guidance for your family and that your legacy is taken care of.

What Is Estate Planning?

Estate Planning is simply arranging for your and your family’s safekeeping throughout your life and after death. It includes creating various documents that explain your wishes concerning medical care, care of your children, and your assets.nnEstate planning can also involve making arrangements for long-term care, such as choosing a healthcare power of attorney to make medical decisions on your behalf if you are unable to do so. It can also involve making financial and tax-related decisions to minimize the impact of taxes and other expenses on your estate.

Estate Planning Services | Legacy Law Centers

Plan For The Future Starting Today!

Planning your estate is the best way to protect yourself and your loved ones well into the future. Creating a comprehensive plan can give you peace of mind knowing that you will be able to provide for your family if you are incapacitated or after you pass away.

Here at Legacy Law Centers, we enjoy counseling clients throughout Loudoun County about their legacy and the life they want to leave behind for their families. Our estate lawyer will take the time to get to know you and build a solid estate plan that will grow with you and your family.

We encourage you to get started on your estate plan. Call us at (571) 260-0827 today.

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Who Benefits From An Estate Plan?

Families of all sizes with estates big or small can reap the rewards of a comprehensive estate plan. Estate planning is about taking care of yourself and those you love – it doesn’t matter how much money you have.

If you want any sort of control over how your assets, your property, your money, and your health care are handled for the rest of your life and after your death, you will need to create an estate plan.

Your instructions will protect and provide for:

Yourself
Your spouse or partner
Your children
Your pets
Your assets
Your goals
The charities you support
Your legacy

Your Virtual Family Office

Legacy Law Centers does not manage your money – we help protect it, guiding you through the many complex family, business, and legal issues that can impact your assets. We maintain strategic alliances with financial managers and certified public accountants. These collaborations help ensure that your estate plan is as thorough as possible. Our firm operates like your virtual family office, holding regular meetings, collaborating with others, and educating your family in preparation for the future.

Get Started On Your Plan Today

If you are ready to take the first step toward protecting your family’s future, you will need assistance from a skilled and experienced estate planning expert. At Legacy Law Centers, we understand that every client’s case is unique – we never take a cookie-cutter approach to any estate plan. Instead, we take the time to understand your needs and goals, implementing measures to achieve those goals in your plan.

Get in touch with us today by calling (571) 260-0827.

Frequently Asked Questions

A: Probate is the process of court administration and distribution of your assets and property, either according to the state’s laws or a will if it has been created. The probate process may be fine if you have a reasonably simple estate. However, it is still best for you to have a will in place for the court to follow.

Having a will ensures that your assets are distributed to your specifications. Without a will, the court will be required to follow the distribution plans following state law, which may not be how you would want it.

There are ways to avoid probate. It may be the right course for you if you have a more significant estate, want privacy, and want to avoid the time and costs that occur with the probate process.

A: Asking questions during a consultation is practical and illuminative. We want you to have confidence in everything you need to know moving forward.

Here are some potential questions you can ask to help you decide who you want to work with:

How long have you been practicing law?
What are the costs that are included in any estate plan made?
What are the primary documents needed for my estate?
What should I do with my documents once I leave here?
How long does it take for the documents to be created?
How do you address updates for the estate plans that are made?

Another idea is to look at other clients’ reviews and testimonials about working with them.

By finding the right estate planning attorney for you, you will have an excellent resource for you and your family.

A: Any time is a good time to talk to an estate planning attorney. It is best to speak with an attorney during the second quarter of life to plan ahead. However, talking with one becomes imperative once you begin the third quarter of life. There could be dangerous situations by waiting till late into the third quarter of life.

The most essential requirement is to speak with an attorney when you are in good health. Completing your estate planning needs should occur when you are alive and competent. It allows you to participate in significant decisions and address any concerns ahead of time so that everyone is prepared for anything that may happen to you.

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Who Benefits From An Estate Plan?

Your Virtual Family Office

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Estate Planning Services For Leesburg, VA

Plan For The Future Starting Today!

More Information

Estate Planning Services

Who Benefits From An Estate Plan?

Your Virtual Family Office

Get Started On Your Plan Today

Frequently Asked Questions

Q: What Is Probate And Should I Avoid It?

Q: What Should I Ask My Estate Planning Attorney?

Q: When Should You Talk With An Estate Planning Attorney?