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Essential Estate Planning Is … Well … Essential in Virginia

Essentials

Contrary to popular belief, estate planning is not just about money or taxes. Far from  it. Today, it's more about protecting your assets for yourself and your loved
ones, achieving your financial goals, and safeguarding your health care.

Your “estate plan” is not just about money or assets, and for that matter it is not just about taxation. While it is too easy to focus on taxes, ecause these are as political as personal, there is far more to consider when making your own estate plan.

No, estate planning is truly an activity of planning for all aspects of your life and for the wellbeing of your loved ones.

A recent article in The Examiner makes the case for estate planning, appropriately titled the “Top 7 reasons you need an estate plan—even if you have only $500 in the bank.

Cutting right to the chase, here are the seven reasons listed in the article:

  1. Your healthcare
  2. Avoiding probate
  3. Avoiding family feuds, knowing that sentimental goods
    are just as likely to incite a family squabble
  4. Ensuring your beneficiaries on your retirement accounts
    are, indeed, your intended heirs
  5. Ensuring for the care of the kids, and maybe even the
    grandkids
  6. Managing complicated assets
  7. Ensuring for the succession of leadership in your
    family business

You see, your estate is the sum of the aspects of your life. Your “legal” life touches your “personal” life, touches your “financial” life, touches your “medical” life, and so on and so forth. That is a lot to think about, think through, and plan.

Much of an estate plan involves wrapping your mind around these details to ensure the good of your family and even your own good, later in life. In the end, these considerations are much more important that merely escaping the estate tax or other taxes.

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: The Examiner (August 24, 2013) “Top 7 reasons you need an estate plan—even if you have only $500 in the bank

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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.