If you have a few assets, a few loved ones, and no underage children – a will could be right for you. Wills are timeless and provide a place to list how you want your property distributed and who you want in charge of that process. People are shocked to learn that a will must go through probate court – unlike a trust.
“What is probate?” It’s the legal process where a judge puts a stamp of approval on your will and watches over your executor’s every move – ensuring debts get paid, taxes get settled, & appraisals get obtained before green-lighting the eventual distribution of your estate.
Probate is a public endeavor put on by the government that devours 5-10% of the GROSS value of your estate and drags on for 225 days or longer. While true that a will is cheaper to create INITIALLY – a trust can save time and precious energy for everyone involved – at a fraction of the cost of probate.
Contact your local elder law attorney to help you understand what type of planning is right for you.
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Jamison Bonds, VA Accredited Attorney
One of the many benefits of being an elder law attorney is getting to work with selfless clients who act not out of their own self interest, but out of a deep concern for the people they love. That’s why I love helping families enjoy peace of mind and protect their hard-earned assets.
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Over the course of nearly a decade, we’ve helped more than 1,200 of your neighbors with their estate planning and elder law needs. Now we can help you achieve the best possible outcomes for your family.