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Estate Planning Slip-Ups And Will Snafus in Virginia

Will mistakesAn effectively crafted Will can provide peace of mind to you and your loved ones. On the other hand, a poorly executed Will can result in a situation that’s anything but peaceful. Confused and hurt family members may argue over what they believe you intended. And a court may end up settling arguments in an expensive and emotionally exhausting way and in a manner different from what you desired.

Your Will is about putting your last wishes, hopes, desires, and choices down on paper, in black and white and for all to see. In short, the words on the paper speak for you when you cannot. Such is the power of a Will as a document. But what if there is an error that can betray your plans?

There are numerous ways in which a Will can go wrong. For a basic introduction to get you thinking like a preemptive problem-solver, consider reading a recent Forbes article titled “Wills Gone Wrong: Mistakes That Can Thwart Your Last Wishes.”  There are three basic issues when a Will can go astray. First, the wording can be unclear, incomplete, incongruous or incorrect. Second, the words can be outdated. Third and finally, the words can be absolutely perfect, but the Will is nowhere to be seen or some other draft is discovered first.

If nothing else, to get it right, draft your Will with the assistance of a professional. Then, to keep your estate in order, be sure to respect your Will as the document it is. Accordingly, be careful to protect it, keep it current, and keep it within easy reach of the right people once the time comes.

The original article presents specific problems and even a few stories to illustrate them. Be sure you get it right, unlike the tragic stories in the article. Planning your estate is not a do-it-yourself project. There is just too much at stake.

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: Forbes (February 20, 2014) “Wills Gone Wrong: Mistakes That Can Thwart Your Last Wishes

 

 

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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.
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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.