Estate Planning: The Basics
When you need a skilled estate planning lawyer Abingdon VA residents trust, the Law Offices of Mark T. Hurt is the firm to call. An estate is defined as everything you own, including your home, car, checking and savings accounts, investments, and personal belongings. No matter the value of these assets, they all make up your estate and you should have a plan for what is to happen to everything upon your death.
Many people view estate planning as simply naming who is to receive certain belongings, however, it is much more than that. By contacting an estate planning lawyer Abingdon VA locals rely on from the Law Offices of Mark T. Hurt, we can walk you through the process to help ensure your needs and desires are clearly stated.
What Estate Planning Includes
When people think of estate planning, they normally think of making a list of who receives what and that’s the end of it, however, estate planning entails much more than that. By sitting down with an estate planning lawyer Abingdon VA families recommend, estate planning can reap the following benefits:
- Give instructions for your care if you were to become disabled;
- Name a guardian to your minor children;
- Allow for your business to be transferred;
- Provide for disabled loved ones;
- Include instructions to pass on your values instead of only your belongings;
- Minimize taxes and legal fees; and
- Be ongoing and constantly evolving.
Who Should Plan Their Estate?
There is a common misconception that only wealthy people need to go through the estate planning process to handle their assets and wealth. No matter the size of your estate, you need to have a plan for what will happen to all of your assets at the time of your death. In fact, estate planning often means the most to families with limited assets because it can help keep them from losing anything.
An estate planning lawyer in Abingdon VA knows that many people also believe you should not worry about estate planning until you are retired. However, the future is completely unknown and your plan should start as soon as you start acquiring assets. People frequently think they’re too young, they don’t have enough assets, or they believe they have plenty of time, but unfortunately, should something happen without a plan, their family would be left to make all the decisions for them. In dealing with the death of a family member, figuring out what to do with all of their belongings and assets is just another added stress they don’t need.
Contact an Estate Planning Lawyer Abingdon VA Clients Depend On
No one likes to think that there will come a time when they won’t be able to make decisions for themselves. This is why many families are unprepared when an untimely death does occur. The lawyers at Law Offices of Mark T. Hurt have over 25 of years experience in estate planning. We will work hard to create a plan that will leave you and your family comfortable and protected. Your plan can be changed at any time to reflect any adjustments you would like.
Each Abingdon VA estate planning lawyer from our firm will give you guidance and answer any questions you may have to help make this process as easy as possible. Call an estate planning lawyer Abingdon VA provides at 276-623-0808 to begin planning for your future and provide yourself and your family with peace of mind.