Leesburg Wills Lawyer
Many individuals assume that wills are documents that are only necessary for the extremely old or the extremely wealthy. The truth is, however, that the formation of a will can benefit all adults, in good health or poor, wealthy or of more unfortunate economic circumstances. Contact our experienced Leesburg wills lawyers to learn about your estate planning options.
What Is a Will?
The Virginia State Bar defines as will as a “signed writing in which a person directs what is to be done with [their] property after death.” Anyone who is at least 18 years old and who is of sound mental capacity may – and should – make a will.
A will can be created at any point, because it is valid from the point you create it until the point that you revoke it or amend it. This means that if you create a will when you are 30 years of age, your will will remain valid through your death, even if that is more than 50 years down the line. Of course, if you get married, have children, accrue more assets, etc., you can change your will to reflect the changes in your life.
What Issues Are Addressed in a Will?
A will addresses many important issues. This includes:
- How property and assets will be divided when you die;
- Who will manage your property for any minor children you have;
- Who will be named the guardian of any minor children you have;
- Who will act as executor on your estate; and
- The establishment of a trust for children or other dependents.
Creating a will can also help to mitigate certain issues, like probate costs and probate court, as well as save money on taxes.
Who Needs a Will?
As stated above, all adults who are of sound mental capacity should highly consider creating a will. Creating a will can reduce complications and controversies that often arise amongst surviving family members when a person dies by handling the division of property and assets in advance. Creating a will can also provide you with the assurance that if something were to happen to you, your child(ren) will be provided for, and will be taken care of by a guardian of your choosing. If you have a spouse, living parents, or another party for whom you care, a will can also ensure that these parties are taken care of as well.
Again, your will can be changed at any time, so there is no sense in holding off in the creation of one. If you are an adult, having a will is within your best interest.
Meet with Our Leesburg Will & Estate Planning Lawyers Today
What are you waiting for? Accidents that leave victims incapacitated or fatally injured can occur to anyone and at anytime. To ensure that your loved ones are protected in the event of your death, you need to create a will.
At Whitbeck Cisneros McElroy PC, our Leesburg will and estate planning lawyers will guide you through everything you need to know about the process of creating a will, and provide you with smart advice. To learn more, request a consultation by calling our offices at 703-777-1795.