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Filling in the Gaps with your Estate Plan in Virginia

Special needsOne element of estate planning that can be very useful is the Letter of Intent. A Letter of Intent contains instructions  for those who will care for your child, particularly a child with special needs.

It is only through documents that you and your wishes truly get a voice. There are the legal documents that speak to the court, but that does not necessarily do all of the speaking you need it to. When you need to leave that much more instruction behind there is an important tool to be found in the Letter of Intent.

Letters of intent in this case are meant to supplement and complement  never replace your Special Needs Trust or  will.  LifeHealthPro offered some important perspective on the Letter of Intent in a recent article with some special attention to planning for special needs children and it is worth your thoughts: “Letter of intent: a useful component of an estate plan.”

The Letter of Intent gives you voice to say myriad things about all manner of topics that will have an sweeping impact everything from healthcare arrangements to quality of life issues of your special needs child; from your hopes and dreams to the more mundane practical instructions that govern their every day living.  One very important consideration is that the Letter of Intent is not  legally binding; therefore, make sure that whatever can and should be designated in the legal document is documented as well.

For more on Letters of Intent as well as advice on how to use it, particularly with regard to children with special needs, check out the original article or call our office for an appointment. Sometimes this letter can mean all of the difference in the life of your special needs child.  It likely will help you and your loved ones being the important task of who, what, when, where, and how will your special needs child be provided for when you are not there to manage these decisions.

You can learn more about this topic as well as other strategies on our website under the tab entitled: special needs 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: LifeHealthPro (June 3, 3014) “Letter of intent: a useful component of an estate plan

 

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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.
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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.