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No one likes to think about death. But for a moment, imagine passing away unexpectedly. What happens to your assets, your savings, and the cherished possessions you've accumulated throughout your life? If you don't have a will, the answer might surprise you. In Virginia, the state takes control of distributing your assets according to their intestacy laws, which may not reflect your wishes or the needs of your loved ones.
Consider Sarah, a single mother with a young daughter. Without a will, if Sarah passes away, the state might distribute her assets equally between her parents and daughter. This could leave her daughter financially vulnerable, especially if her parents are unable or unwilling to provide full support. A will would allow Sarah to ensure her daughter receives the inheritance she intends and designate a guardian to care for her in her absence.
What happens if you die without a will? This blog will answer that question and explain the benefits of creating a will and other things to consider. Ready to get started? Contact the attorneys that do wills at McCarthy & Akers at (540) 722-2181 to schedule your consultation, ensuring your legacy and assets are safeguarded for the future.
To ensure a clear understanding of the legal terms used throughout this blog, let's define some key concepts:
These are the significant downsides of dying intestate in Virginia, highlighting the importance of creating a will to avoid the following:
While the specifics can get complex, here's a simplified overview of how Virginia distributes assets under intestacy:
There are many benefits of having a will. Some of them include the following:
Here are some additional factors to consider when creating your will:
The digital age necessitates addressing your online presence and digital assets in your will. This includes:
Estate taxes can impact your beneficiaries depending on the value of your estate. Consulting with a tax advisor alongside your estate planning attorney can help:
If you wish to support specific charities after your passing, your will can be used to:
Carefully consider your beneficiaries and potential complexities:
Your life circumstances and wishes may evolve over time. Regularly review and update your will to ensure it reflects your current intentions and accommodates any changes in your family structure, assets, or desired beneficiaries.
Don't leave your legacy to chance. Consulting with an estate planning attorney can help you create a personalized will that reflects your wishes and protects your loved ones. By taking this proactive step, you ensure your assets are distributed according to your desires and provide peace of mind for your family during a difficult time.
Dying without a will can have significant consequences for your loved ones, leading to unintended distributions, family conflict, and a lengthy probate process. By creating a will, you can ensure your wishes are respected, protect your loved ones, and provide peace of mind for everyone involved. Ready to take control of your legacy?
If you’ve been searching online for “lawyers that do wills near me” or “estate planning attorneys near me” to find qualified professionals in your area, contact McCarthy & Akers instead. Our team is dedicated to making estate planning accessible, offering clear guidance tailored to your unique needs. Whether you're looking to create a will or get started on a more comprehensive estate plan, our knowledgeable attorneys are ready to assist you.
Your legacy shouldn't be left to uncertainty. Contact McCarthy & Akers at (540) 722-2181 or connect with us online for personalized assistance. With locations in Strasburg, Woodstock, Front Royal, Winchester, Manassas, and Warrenton, we're conveniently situated to provide the support you need. Let us go to work for you to protect your legacy and give you peace of mind.
Copyright © 2024. McCarthy & Akers, PLC | Estate Planning Attorneys. All rights reserved.
The information in this blog post (“post”) is provided for general informational purposes only and may not reflect the current law in your jurisdiction. No information in this post should be construed as legal advice from the individual author or the law firm, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting based on any information included in or accessible through this post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country, or other appropriate licensing jurisdiction.
McCarthy & Akers, PLC | Estate Planning Attorneys
302 W Boscawen St.
Winchester, VA 22601
(540) 722-2181
https://mccarthyakers.com/
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© Copyrights 2022. McCarthy & Akers, PLC. All Rights Reserved.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship.