The Foundations Of Estate Planning: Wills And Trusts

At DeFazio Bal, our attorneys are ready to help you craft personalized and legally sound estate planning documents, starting with a will. We will also help you decide about what other estate planning tools may be right for you, including trusts customized to meet your unique needs and goals.

Why You Need A Will

When you pass away, your assets will be inevitably distributed in some way. If you die intestate (without a will), your estate will be divided and distributed according to the state law, which may not be the way you would have preferred. By taking the time to make a thorough and clearly written will, you ensure that your assets will be distributed according to your wishes.

A will and other estate planning documents can also reduce the burdens your loved ones face after your death (by simplifying and speeding up the process) and minimize the risk of disputes between family members.

At minimum, your will should include:

  • Instructions for how your assets are distributed and to whom they are given
  • A named executor who can carry out the terms of your will
  • A guardian for your minor children (if applicable)

Caring For Minor Children

If you have children under the age of 18, you can and should use your will to name a guardian and make other arrangements in case something happens to you and your spouse/co-parent. You can also appoint someone to manage any property that you leave to your children until they become adults and can manage it themselves.

Create The Trust That Is Right For You

Few legal tools are as versatile or powerful as trusts. They are highly customizable and can be suited to meet most of your money-related estate planning goals. Our experienced VA attorneys can help you create a basic trust or one that is more complex and focused on a narrow set of goals.

Getting Started Is Easy. Contact Us To Learn More.

With offices in Glen Allen and Midlothian, DeFazio Bal serves clients throughout Central Virginia. To learn more about wills and trusts from one of our skilled estate planning lawyers, call us at 804-419-6551 or send us an email.