Virginia Beach Estate Planning Lawyers

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Virginia Beach Estate Planning Lawyers

If you are like most people, you are focused on the here and now or perhaps the immediate future. Planning your estate might be the furthest thing from your mind. Sometimes it is the things we ignore that matter the most. The time for needing a plan for your estate may be a long way off, but it is no less important than if you were to pass away tomorrow. Creating a plan for your estate after your passing is best done with the help of an experienced Virginia Beach estate planning attorney.

Questions to Ask Your Virginia Beach Estate Planning Lawyer

While you are collecting your thoughts and the necessary estate planning documents, think about what you want to ask your Virginia Beach estate planning attorney. Consider writing them down, so you do not forget them. Your list should include questions such as:

  • What is your initial impression of my situation?
  • What experience do you have with situations similar to mine?
  • What are your attorneys’ fees and other expenses? 
  • Do you charge a flat-rate or by the hour?
  • Are there additional fees to consider, for example, recording fees?
  • Who will draft my documents, and who will review them?
  • How long will it take until the finalized documents arrive?
  • What is the attorney-client privilege? 
  • What are my privacy rights?
  • How often will you want to review my documents once my estate plan is complete?

What Does Estate Planning Involve?

Many Americans mistakenly believe that estate planning is nothing more than creating a will. This couldn’t be further from the truth. To ensure that all of your assets are correctly handled after your death, you will need to include much more in your estate planning. For example, provisions for who will have access to or control over your assets if you are no longer able to do so yourself. Without the proper planning and documents, the probate court may cause the distribution of assets in ways that you did not intend. 

With the help of your Virginia Beach estate planning lawyer, you can be sure that your estate plan includes these necessities:

  • A will/trust: the main component of an estate plan that ensures your assets are distributed as you want them to be
  • A durable power of attorney: Someone to act on your behalf if you become unable to do so yourself
  • Beneficiary designations: By naming beneficiaries, you can dictate who will receive certain possessions without expressing it in your will
  • A letter of intent: A document left to an executor or beneficiary expressing what you want to be done with a particular asset or your desires for your funeral
  • A healthcare power of attorney: Appoints someone to make important healthcare decisions for you if you are incapacitated and unable to make decisions for yourself
  • Guardianship designations: If you have kids or want to have kids, it is vital that you select a guardian for them that is financially stable and shares your views

Plan Your Estate with a Seasoned Virginia Beach Estate Planning Lawyer

At Mahoney Richmond Thurston, PLLC, all of our estate planning lawyers have extensive experience preparing all kinds of estates and documents. We can help with unique or special considerations or even just one part of your estate. Our priority is listening to your wants and ensuring that we document them in accordance with the law so that they are honored after your passing. Get started on planning your estate by contacting our office to schedule your estate planning consultation today. 

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