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Honoring Family Values in your Estate Plan in Williamsburg, Virginia

Familyvalues

For many people, estate planning isn’t just about financial assets and other practical concerns. It’s also about honoring their religious beliefs and passing those values on to family members.

Whatever your religion, and even if you aren’t religious at all, it’s a truism that the holidays aren’t just about the festivities, the food, or the gifts. This is especially the case when there is the younger generation to think about and to teach.

The holidays are a perfect time to share and teach your values. Accordingly, it may be important to reflect and consider what values you might wish to impart to your heirs.

So just how do you transfer your values and, perhaps, also religious beliefs to your heirs? This issue was taken up by MarketWatch in an article titled “Can you make your heirs honor your beliefs?” Well, can you?

As a matter of fact, there are many ways to generate legally binding caveats to any inheritance or bequest. While you can use the force of law to require even religion-specific tests, should you?

Given that people are complex, maybe you (and they) would be better served if you seek to understand and respect that complexity whenever you consider conditioning an inheritance on certain attached strings. Not that hard and fast rules don’t have their place, but more often than not it’s the lessons “caught” and not the lessons “taught” (or forced) that have enduring impact.

Be sure to seek competent legal counsel for advice regarding what can and, perhaps, what should be done to transfer your values successfully. You can learn more about this topic as well as other strategies on our website under the tab entitled: estate planning in Williamsburg, 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 13, 2012) “Can you make your heirs honor your beliefs?

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  • 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.
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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.