Spotsylvania Law Firm Creates Wills and Trusts
Attorneys draft estate planning documents with attention to detail
Wills and trusts allow you to determine precisely how your wealth will be distributed upon your passing. That not only gives you peace of mind now, but also reduces the odds of unseemly family infighting after you’re gone. At Jarrell, Hicks & Waldman, PC, our estate planning attorneys prepare wills and trusts that shield your heirs from probate delays and unnecessary estate taxes. For more than 70 years, our firm has met the estate planning needs of individuals and families throughout Caroline, Fauquier, Hanover, King George, Orange, Spotsylvania and Stafford counties.
What happens if I don’t have a will?
Wills are not just for the wealthy or the elderly. A well-drafted will identifies and organizes your assets for distribution upon your death, and can be used to leave your property to individuals or organizations. Wills can name a guardian for your minor children, appoint a trusted individual to manage your assets and an executor to ensure that the terms of the will are followed.
Dying without a will results in the distribution of your property based on Virginia’s intestacy laws and can prolong the probate process. By planning ahead and retaining the experienced wills and trusts attorneys at Jarrell, Hicks & Waldman, PC, you can make sure your assets go where you want them to. If you die without a will, Virginia law calls for your assets to be distributed as follows:
- Everything goes to your surviving spouse, unless you have children by someone other than your surviving spouse, in which case one-third of your assets go to the surviving spouse and two-thirds is divided among the children.
- If there is no surviving spouse, everything goes to your children and their descendants.
- If there is no surviving spouse and no children, everything goes to your surviving mother and father.
- If there is no surviving parent, everything is divided among your brothers and sisters or their descendants.
Estate planning lawyers help you create a wide variety of trusts
Trusts are more flexible than simple wills. The creator of a trust (the “grantor”) can, for example, distribute the assets in a way that accounts for the special needs or special limitations of a particular beneficiary. Trusts can also be used to avoid probate. The trusts and estates attorneys at Jarrell, Hicks & Waldman, PC help clients in the Spotsylvania and Fredericksburg areas set up a wide range of trusts, including:
Call us today to preserve your assets and your legacy
The attorneys at Jarrell, Hicks & Waldman, PC ask you about your estate-planning goals, and then create a will and trusts to achieve those goals. Call (540) 582-5300 to set a consultation, or contact us online for appointment scheduling. Our offices are in the historic Spotswood Inn, near the courthouse. We serve clients in and around Fredericksburg, Thornburg, Spotsylvania, Corbin, Brooke, Ladysmith, Woodford, Hartwood, Partlow, Richardsville, Locust Grove, Stafford, Lignum, Goldvein, Rappahannock Academy, Garrisonville and Sumerduck.