When looking for an estate planning professional, look no further than Dominic P Lascara, PLC in Chesapeake, Virginia. Backed by nearly 30 years of legal experience, Mr. Lascara can help you with all your legal needs, including drafting wills and trusts.
All too often, as attorneys, we see people who have failed to adequately plan for their death or disability. The proper use of a durable Power of Attorney, Advanced Directive, a Last Will and Testament and a revocable Living Trust can be critical.
A person may need a will and/or trust for a number of reasons: (1) to insure that his or her property will pass to the intended beneficiaries, even if the beneficiary is a revocable living trust already established, (2) to eliminate the possibility for an unwanted guardianship of property, (3) to nominate a guardian for any minor children, (4) to nominate the preferred person or bank to serve as the executor and the trustee, if needed, for a trust and (5) to provide the executor and/or trustee with the necessary administrative powers to enable the executor and/or trustee to administer the estate and/or trust as efficiently and economically as possible.
You should understand the importance of wills and personal estate planning. After properly analyzing and reviewing one's estate needs, the proper wills and, if necessary, trusts can be created to avoid the issues stated above and, if applicable, avoid the payment of federal estate taxes. Finally, a review of your Will, investment accounts and life insurance policies, along with consideration for long-term care and overall estate tax planning are things that need to be discussed with your attorney. As an attorney practicing in the area of wills, trusts and the probate of estates, I get to see first hand the serious complications families can face when a loved one has died without a will, especially with minor children. Regardless of how much property you have (or don't have), your family can very easily face the expenditure of unnecessary time and money in the settlement of your estate if you die without a will.
You should understand the importance of wills and personal estate planning. After properly analyzing and reviewing one's estate needs, the proper wills and, if necessary, trusts can be created to avoid the issues stated above and, if applicable, avoid the payment of federal estate taxes. Finally, a review of your Will, investment accounts and life insurance policies, along with consideration for long-term care and overall estate tax planning are things that need to be discussed with your attorney.