Prince William County
Prince William County
Thinking about what will happen if your physical or mental health starts to decline can be a daunting prospect. Even more overwhelming can be the idea of imagining how the people you love will manage after you die. However, it is important to plan for these eventualities to ensure that your affairs will remain under control while you’re still alive and to avoid creating confusion or conflict amongst your family members when you’ve gone.
There is a lot to think about when it comes to estate planning, but here are some essential steps you can take while you are still healthy to put yourself and your loved ones in a position to better handle any eventuality.
Making your medical treatment wishes clear in advance will avoid misunderstandings in the event of a health care crisis. Ways to do this include:
Be sure to make copies of these forms for your health care agents and your estate attorney.
The executor of your will is responsible for managing the distribution of your estate. They do not need to be a legal professional but should be somebody you trust and who has good organizational skills.
Helpful steps to take to ensure the protection of your financial interests include:
If you do not already have a will that specifies your wishes regarding the distribution of your assets, speak to an estate planning attorney so that you can get started on creating one as soon as possible.
If you have already written a will, you’ll want to make sure that it is updated to reflect any major changes in your life. This may include remarriage, the deaths of named beneficiaries, or the births of any additional heirs.
When it comes to estate planning, some steps are more straightforward than others. Having an experienced will and trust attorney on your side can help you be certain that you are taking care of everything that is necessary for you, your family, and the unique situation you are in. If you need help getting started, we are here to offer guidance and assistance. Contact our Woodbridge office at 703-492-9955 to schedule an initial consultation.
David Wilks has practiced law in Northern Virginia and
Prince William County for more than thirty years as
a tax lawyer by training and education. Read More