Estate Planning

How We Can Help With Your Estate Planning

Commonwealth Legal PLLC in Midlothian, VA, understands the importance of protecting your assets and ensuring your wishes are fulfilled after you pass away. Estate Planning is meant to give some predictability when your loved ones may be grieving and to give the deceased peace of mind. Planning is best because life is also unpredictable. That's why we offer comprehensive estate planning services to help you maximize your assets and ensure they are distributed according to your wishes.

What is Estate Planning?

Estate Planning is the process of preparing for the transfer of your assets after you pass away. This includes creating a will, establishing trusts, and arranging to distribute your assets. If you cannot decide for yourself, estate planning also involves planning for end-of-life care and decision-making.

Why is Estate Planning Important?

Estate Planning ensures that your assets are distributed according to your wishes, and it can help to minimize taxes and other expenses associated with transferring your assets after you pass away. It also helps to ensure that your loved ones are taken care of in the event of your death or disability.

We Offer These Estate Planning Services

  • Wills: We can help you create a will that outlines how you want your assets to be distributed after you pass away.
  • Trusts: We can help you establish trusts to protect your assets and ensure they are distributed according to your wishes.
  • Power of Attorney: We can help you create a power of attorney document that allows you to appoint someone to make decisions on your behalf if you cannot make decisions for yourself.
  • Advance Healthcare Directives: We can help you create a healthcare directive that outlines your end-of-life care wishes and ensures they are followed.

Our Comprehensive Estate Planning Services

  • Wills and Trusts
  • Power of Attorney
  • Advance Healthcare Directives
  • Medicaid Planning
  • Veteran Aid and Attendance
  • Veteran Estate Planning
  • Asset Protection
  • Wealth Preservation
  • Guardian of the Estate of a Minor
  • Conservatorship
  • Social Security
  • Special Needs Trust
  • Special Needs Planning
  • Blended Families
  • Families with Minors (Guardianship/Trust)
  • Incapacity Planning
  • Disability Planning
  • Healthcare Power of Attorney
  • Financial Powers of Attorney

The Importance of Having a Power of Attorney

What if you are seriously injured in an accident and unable to coherently express your wishes regarding health care? A Power of Attorney for Healthcare authorizes someone you trust to make those decisions on your behalf. You can also incorporate a Living Will instructing your doctors on what to do during a terminal illness, i.e., whether to use “life-prolonging” measures. Similarly, a Durable Power of Attorney for Finances and Property allows you to name an individual to manage your financial affairs while incapacitated. Proper estate planning and administration offer security and protection against potential abuse.

For more information about our Estate Planning services or to schedule a consultation, call us today at 804-470-9975.

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