Take Steps Today To Protect Your Future
While it is impossible to predict the future, there are steps you can take today to safeguard your interests down the road. Through estate planning, you can shield your financial interests, plan for the care of loved ones and even decide on medical care you may need in the future. At Miller, Earle & Shanks, PLLC, our wills and trusts attorneys help individuals in Virginia draft strong plans that will provide protection for years to come.
A will is the foundation of any good estate plan, but that may not be all you need. Through trusts and other estate planning tools, we can help you establish the right protections and draft the documents you need to secure your interests and allow you to look to the future with confidence.
Why Is A Will Important?
A will is the most basic step in an estate plan. It allows you to decide how you want to allocate your assets after your death, name a person to care for your minor children and more. Without a will, estate laws will determine what happens to your property, and your loved ones may not get what they deserve. Outlining your wishes can ease complications for beneficiaries and ensure you get the final say over what happens to your estate.
Could You Benefit From A Trust?
A trust is an estate planning tool that allows you to protect certain assets and set them aside for a specific use. Trusts are not for everyone, but they can allow you to maintain assets during your lifetime and transfer them easily after your death. Some of the types of trusts include:
- Special needs trust
- Charitable giving trust
- Asset protection trust
- Revocable trust
- Irrevocable trust
These are just a few examples of the types of trusts that can help you accomplish your estate planning goals. Our lawyers can evaluate your estate, financial situation and objectives for the future and determine if one of these options will be beneficial for you.