WILLS, POWER OF ATTORNEYS, ADVANCED DIRECTIVES AND TRUSTS
Benjamin Franklin, in 1789 wrote in a letter to Jean-Baptiste Leroy, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world, nothing can be said to be certain, except death and taxes.” While not the originator of the phrase, Death and Taxes, Franklin aptly cited the need for this area of our practice.
Yes, it is true that in Virginia when one spouse pre-deceases the other, generally the estate transfers to the surviving spouse. However, things can get very complicated very quickly, for example:
- What happens when a husband and wife are both involved in an automobile accident and do not survive?
- Does a Will survive a divorce? How about a separation?
- When children (younger than 18 years) survive their parents’ who gets custody?
- How can I leave my favorite collection to Uncle Fester or Cousin Itt?
Typically, these important documents can be prepared and executed very economically with little to no difficulty. It is well worth your time to meet and discuss with a knowledgeable attorney your desires if you or a family member are faced with the loss of a loved one.
If you are the primary breadwinner for your household, or are dependent on such a person, don’t allow yourself or your loved ones to be put in any position of uncertainty while dealing with a tragic loss. Plan now for the unexpected – there is nothing so devastating as the unexpected midnight phone call.
Our staff has first-hand personal and professional knowledge and experience in how important it is to have your affairs in order before a life-changing event occurs. Give us a call at (757) 410-9263 or email us to set up your free initial consultation.