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An Estate Plan In Eight Easy Steps in Virginia

8 easy stepsDo you want to be remembered fondly by your loved ones? Then tackle the estate-planning tasks you've been meaning to get to. Your heirs will bless you for not leaving a mess for them to clean up.

Your estate plan is can represent the sum total of your plans for your loved ones.  If properly prepared it can express your end-of-life wishes, the beneficiaries of your assets and your charitable hopes. Naturally, such a properly planned and executed estate plan will have a few key elements and a number of important documents. So how many pieces is that? It should depend upon your own estate and estate plan of course. Regardless, it’s also helpful to break it down to the key elements of basic estate plan by building a basic checklist. Loving family

There are a great number of estate planning lists out there with dozens of ways to list the documents you might need. That noted, MSN Money provided a helpful guide not too long ago with a helpful list of eight documents entitled “Estate-Planning Documents You Need Right Now.

  1. Last will and testament
  2. Revocable living trust
  3. Beneficiary designations
  4. Durable power of attorney
  5. Health care power of attorney and living will
  6. Provision for digital assets
  7. Letter of intent
  8. List of important documents

While you might not need all of these elements, it is important that you know which of those listed  is vital to your planning.  The original article has more to say concerning each tool and some further resources besides.  Do you have unique goals, unique assets, or a unique family?  It’s very likely there is more to be done with these documents and a few useful tools besides. Whether your plan will be basic or advanced, it pays to ensure that your affairs are in order with the input and guidance of competent counsel.

You can learn more about this topic as well as other strategies on our website under the tab entitled: estate planning in Virginia. Be sure you also sign up for our complimentary e-newsletter so that you may be informed of all the latest issues that could affect you, your loved ones and your estate planning.

Reference: MSN Money (April 18, 2014) “Estate-Planning Documents You Need Right Now

 

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We've been putting together as many resources as possible so that we can continue to help:

  • If you’re a current client with a signing appointment or a prospective client with a consultation and would prefer that meeting take place in your own home, we can accomplish that with a little bit of pre-planning on our part and with the addition of a laptop, smartphone, tablet or other computer in your home to facilitate this virtual meeting. For those of you that need to sign legal documents, that too can be accomplished with the use of a webcam (FaceTime etc.), so that we can witness and electronically notarize all of your important legal documents.
  • We launched the rollout of our on-demand webinar early so that new clients and our allied professionals can view the important component parts of ‘an estate plan that works’ at their convenience.  That is available on our website.
  • Live video workshops will be produced as quickly as possible and certainly ahead of our previous schedule; we will keep you posted as these events become available. Given the ‘boutique’ nature of the firm, we rarely have more than ten people in our office including team members at any one time. During this period of ‘social distancing,’ we promise to have no more than 8 people at any time.   This allows us to comply with the Governor’s directive to limit in-person gatherings.
  • The best way to communicate with us is still by phone during regular office hours of 8:30 to 5:00, Monday through Friday, or, you can email any of our team members (that is, their first name followed by @zarembalaw.com).  We will respond to these emails as quickly as possible.
  • Please continue to follow the directives of our local, state, and federal agencies. For your health and in consideration of our team who is assisting you, if you’ve scheduled an office appointment or planned to drop off paperwork and are experiencing a fever, dry cough, or shortness of breath, please contact your primary care doctor for guidance and then our office to reschedule.

Thank you, Walt and the Zaremba Team

Coronavirus/Covid-19
Update to our Process

The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.