FAQ: Estate Planning

Question: Do I really need an estate plan?

A: If you want to make sure all of your property and assets are passed on to the people you want after you die, you need to create an estate plan to ensure your wishes are carried out. Without an estate plan, your loved ones can end up having a difficult time obtaining everything you left behind for them.

Question: What should I include in my estate plan?

A: You need to include legal documents and directives that explain how you want your assets and property distributed to your family, children, and pets. An experienced estate planning lawyer can help you prepare all the legal documents you need for your estate plan.

Question: What is a living will?

A: Your living will expresses what you want to happen if you become incapable of expressing your wishes. Your living will can cover medical and other important directives that need to be addressed while you are incapacitated. In your living will, you can name agent or representative who will make sure all of your wishes are carried out.

Question: What happens if I die without making a will?

A: If you don't have a signed will when you die, your estate will enter probate and your assets and property will be distributed by the state. Your wishes will not be taken into account if you don't have a signed will at the time of your death.

Are you ready to get started planning out your estate? Call (804) 250-3729 today to schedule an appointment with one of our Richmond attorneys.

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