Easy Questions  
Free Legal Documents

Overview of Estate Planning in Alberta, VA

Overview of Estate Planning in Alberta, VA


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Do you think that estate planning is only for rich folk? Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones. It doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 1-2-Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a living trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or living will that can indicate the treatments you want or do not want and power of attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free VA Last Will Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free VA Living Trust Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Alberta, VA
Shaheen Arthur V
1123 Celebration Ave # 204A
Moneta, VA 24121
(540) 297-8904
Attorneys, Legal Service Plans
Bondurant Jr Thomas
3600 Douglasdale Rd
Richmond, VA 23221
(804) 278-8900
General Practice Attorneys, Attorneys, Legal Service Plans
Flax Robert L
8 S Sheppard St
Richmond, VA 23221
(804) 355-8425
Attorneys, Legal Service Plans
Steingold & Mendelson
3101 American Legion Rd Ste 23
Chesapeake, VA 23321
(757) 393-7300
Employee Benefits & Worker Compensation Attorneys, Attorneys, Labor & Employment Law Attorneys, Malp
Chester Francis
3581 Churchville Ave
Churchville, VA 24421
(540) 337-7278
General Practice Attorneys, Attorneys, Legal Service Plans
Page & Assoc
2913 Park Ave
Richmond, VA 23221
(804) 353-6166
Attorneys,  Criminal Law Attorneys,  Personal Injury Law Attorneys,  Insurance Attorneys,  Product L
Chiocca Michele
3500 Grove Ave # 108
Richmond, VA 23221
(804) 254-5600
Accident & Property Damage Attorneys, Attorneys, Personal Injury Law Attorneys, Legal Service Plans,
Eubank, Stephen R - J Thompson Shrader & Assoc
330 S Main St
Amherst, VA 24521
(434) 946-5161
Attorneys, Legal Service Plans
Gilbert Law Firm Pc
13595 Booker T Washington Hwy
Moneta, VA 24121
(540) 721-5110
Attorneys,  Real Estate Attorneys,  General Practice Attorneys,  Legal Service Plans,  Criminal Law
Silverman Law Firm LC
3415 Floyd Ave
Richmond, VA 23221
(804) 325-4992
Accident & Property Damage Attorneys, Medical Malpractice Attorneys, Product Liability Law Attorneys
Wright Jr E M
3RD Courthouse Sq
Buckingham, VA 23921
(434) 969-4809
Attorneys, Legal Service Plans
Swartz Margaret
3600 Floyd Ave
Richmond, VA 23221
(804) 254-4599
Attorneys, General Practice Attorneys
Ramos Mark E
901 N Hamilton St
Richmond, VA 23221
(804) 254-4522
Attorneys, Legal Service Plans
Herbert E. Maxey Jr.
PO Box 257
Buckingham, VA 23921
(434) 846-4333
Attorneys, Legal Service Plans
Pendleton Garrett & Henderson PC
230 S Main St
Amherst, VA 24521
(434) 845-4218
Personal Injury Law Attorneys, Wrongful Death Attorneys, Attorneys
Swiger & Cay
5900 Fort Dr # 101
Centreville, VA 20121
(703) 222-3800
Personal Injury Law Attorneys, Insurance Attorneys, Attorneys
Beckler Michael D
3105 John Wayland Hwy
Dayton, VA 22821
(540) 879-3800
Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Real Estate Attorneys,  Legal Service Plans
Attorney Charles Havener
3808 Poplar Hill Road, Suite D
Chesapeake, VA 23321
(757) 236-3535
Adoption Law Attorneys, Bankruptcy Law Attorneys, Personal Injury Law Attorneys, Real Estate Attorne
Anderson Desimone & Green PC
74 Scruggs Rd Ste 101
Moneta, VA 24121
(540) 721-3358
Attorneys, Wills, Trusts & Estate Planning Attorneys, Legal Service Plans
Windmueller Esther J
3000 Idlewood Ave
Richmond, VA 23221
(804) 358-2321
Attorneys,  Criminal Law Attorneys,  Appellate Practice Attorneys,  Personal Injury Law Attorneys,  
Williamson & Lavecchia
3415 Floyd Ave
Richmond, VA 23221
(804) 288-1661
Attorneys,  Civil Litigation & Trial Law Attorneys,  Business Law Attorneys,  Insurance Attorneys,  
Berg Legal Clinic
3126 Western Branch Blvd
Chesapeake, VA 23321
(757) 483-0303
Attorneys, Legal Service Plans, Bankruptcy Law Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US