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Estate Planning Tips For Families in Alexandria, Virginia
To make sure that your estate matters are handled to the best of your ability, there are a few important tips you must follow. As an Alexandria, VA resident, consider these tips so that you are in a good position to handle your estate issues.
- Create a will or living trust
By putting together a will or living trust, you are getting most of your estate and after-death issues out of the way. When you have an Alexandria estate planning lawyer who can serve you in creating your will or living trust, it leaves no stone unturned, and you do not need to worry about the state of Virginia becoming involved in any of your affairs.
- Invest in life insurance
Putting together a quality life insurance plan also ensures that your wealth is passed along to future generations. Make sure to name beneficiaries and to keep your policy updated. This way, you will make the most out of the entire life insurance process and will be sure that your money is protected and passed along in a way that makes sense to you.
- Be aware of financial and tax implications
Anytime you are dealing with an estate, being aware of the financial and tax implications. Make sure that your descendants know that estate and income taxes might be part of the process and work with an attorney or financial planner who can minimize and mitigate these issues as much as possible.
To be sure that you are handling your estate to the best of your ability, start out by adhering to these three tips.
Schedule A Consultation with Our Experienced Estate Planning Attorney
If you have any questions, contact our estate planning attorney in Alexandria at (703) 553-2577 or firstname.lastname@example.org.
Testimonials from Our Happy Clients
“We needed our Trust accounts updated. The original documents sat on my shelf for years because I had no idea who to turn to for this enormous task. Thank goodness we met Misha! He worked with us and our financial planner to update all of our Trust accounts. The process was virtually effortless on our part and we have tremendous peace of mind knowing that this important item is taken care of. Thank you, Misha, for being extremely competent as well as a pleasure to work with!” – Jennifer H
“Michael Gill of Speedwell Law provided exactly what we needed at a price that we thought was very fair considering the work he did for us. He was thorough in his analysis of our situation and had great perspective on our needs. We would absolutely recommend his services.” – Don F.