Estate planning is one of those things that people tend to put off — some waiting until it is too late. According to a recent study by AARP, approximately 60 percent of American adults do not have wills. This is unfortunate because it can cause needless stress and added expense for surviving family members.
Contrary to popular belief, estate planning is not only for the wealthy or the old. In fact, young families with modest incomes can benefit from estate planning. Here are a few reasons why planning your estate is important:
- If you have young children, you can name the people you would like to be their guardians if you and your spouse both die while they are still minors.
- You can name a trusted person to make decisions for you if you are incapacitated and cannot speak for yourself.
- You can let your family and health care providers know what your wishes are if you are in a terminal condition.
- Estate planning can eliminate the family drama that often accompanies the distribution of your property.
If your desire is to leave a legacy for your family, you should make estate planning a priority. The process does not have to be complex. An experienced attorney can assist you with determining your needs and guide you through the process.
Estate Planning For All: How We Can Assist You
Our attorneys can show you just how easy it is to plan your legacy. We offer estate planning services for clients with assets up to $5 million. Even if your assets are modest, we can assist you with:
- Living trusts
- Irrevocable trusts
- Special needs trusts
- Advance medical directives
- Powers of attorney
- Probate proceedings
- Partition suits
- Medicaid planning
We also handle probate proceedings, including issues such as property sales and transfers, for people named as executors or administrators. If you live in another state and own property in Virginia, we can assist you.
Do You Need Assistance Planning Your Estate? Contact Us Today.
The consequences of delaying your estate planning can be detrimental to your family. At the law office of Jones Johnston & White, P.C., in Lynchburg, our lawyer can assist you as you take important steps to protect your family’s future. To schedule a consultation with an attorney, call 434-333-7051 or contact us by completing our email form.