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Estate Planning “To-Do” List in Virginia

To doFor many Americans, the task of putting together an estate plan is one of those “to-do’s” that never gets done.

Tic-Toc-Tic-Toc … it is that time of year again. Yes, it is New Year’s resolution time. Is estate planning likely to be one of your “resolutions” for 2014?

We all know that an estate plan is a matter of personal responsibility. No one truly can plan your estate for you, at least like you would. Trouble is, you might know what needs to get done, and you might have put it on that master to-do list, but you still need to have the resolve to get it done. For many of us, estate planning is that perennial subject on the to-do list.

No surprise, but “estate planning” ranks right near the top when it comes to the most often broken New Year’s resolutions. You might say it is somewhere between learning to play the guitar and running a marathon. On the other hand, compared with many such resolutions estate planning is an entirely unique challenge.

So give this year’s resolution some legs!

For an easy introduction and some encouragement, consider some advice from a recent MarketWatch article titled “5 estate-plan strategies for boomers.

The five strategies?

  1. Create a will or trust.
  2. Create a power of attorney.
  3. Create a health-care power of attorney and living will.
  4. Check the titling of your assets.
  5. Start with your family.

In many respects, an estate plan can be rather simple. However, estate planning is much more than generating a pile-of-paper from an impersonal online service or program. Be sure to read the original article for a developed understanding of what each strategy means and what each can do for you and your loved ones.  Remember: estate planning is not a task, but an ongoing activity. Once the ink is dry, you cannot simply forget about it. Things change, whether in the law or in your family itself.

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: MarketWatch (November 29, 2013) “5 estate-plan strategies for boomers

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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.