Despite the name, “estate planning” is not only for people with huge mansions and massive wealth.
Everyone needs an estate plan to ensure that their final wishes are carried out and that a plan is in place in case of disability.
Our estate planning attorneys in Virginia Beach can assist you with the following documents:
Our Hampton Roads Estate Planning Attorneys can help draft a Last Will and Testament that describes your final wishes.
Your Will specifies who you want to receive your property, including your home and any personal belongings you have. It ensures that your loved ones and property are protected. A Last Will and Testament can also assign a guardian for minor children or a disabled family member.
Additionally, you can name an executor responsible for carrying out your final wishes and administering your estate.
In some situations, you may wish to create a living trust. A living trust allows you to transfer ownership of your property to a trust that is administered by the person you choose.
For example, you may wish to control the assets during your lifetime and leave instructions regarding their management in the event of your incapacitation or death. Our trust and estate lawyers in Virginia Beach can work closely with you to ensure that your trust clearly sets out your wishes.
An estate planning attorney in Virginia Beach can explain the importance of a power of attorney. This powerful document gives someone else the right to make financial decisions on your behalf. He or she can conduct financial transactions in the event that you become incapacitated, leave the country, are unavailable, or for other reasons. You can make this document as broad or narrow as you prefer. You can also determine when the powers go into effect, whether immediately or only upon your incapacitation.
An attorney can advise you on the benefits of a healthcare power of attorney, a document in which you can name someone to make healthcare decisions for you if you cannot make these decisions on your own.
Our estate planning lawyers in Virginia Beach can also help draft a living will on your behalf. A living will is your declaration that you do not wish to be kept alive on machines and meds and would prefer to die naturally when diagnosed with a specific terminal health condition or in a vegetative state.
If you would like assistance in creating an estate plan that protects your loved ones and your property, the experienced estate planning lawyers at Golightly, Mulligan & Morgan can help. We make estate planning understandable and approachable, and we value your input. We complete most of our estate planning documents for a flat and affordable fee. Do not put off your estate planning. Contact us today at our Virginia Beach Office:
1244 Perimeter Parkway, Suite 441, Virginia Beach, Virginia 23454 to discuss your legal options.