Wills, Trusts, & Estate Planning
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Estate Planning Package
Protect yourself and your loved ones with our estate planning package. Our estate planning package includes a personalized Will, Advanced Medical Directive, and Power of Attorney.
America Law Group can provide you a free consultation over the phone and can get you started on securing you and your loved ones' future.
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Last Will and Testament
Unanticipated events can sometimes happen. If you pass on without a “Last Will and Testament,” then the State would oversee the distribution of your estate. Thus, having your estate properly planned out can give you and your loved ones some ease of mind.
By making a Will, you can choose who inherits your property and belongings, or which organization your estate is left with. A Will can name the guardian you prefer to care for your minor children, and someone you trust to manage the property you leave to your minor children. Also, a Will can name the person you choose as an Executor, to ensure that the terms of your Will are carried out accordingly.
America Law Group makes the process of creating a Will easy. We can help you prepare and finalize the necessary documents to plan for the future.
If you already have a Will in place but want to create a Codicil to the Will, America Law Group can help you do that. We can help you make an addition, change, or modify your current Will by creating a Codicil.
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Advanced Medical Directive
As part of your Estate Plan, you can include an Advance Medical Directive.
This can provide instructions to your loved ones and medical professionals on your medical treatment preferences. Should you become incapacitated or incapable of speaking, an Advance Medical Directive will ensure that your wishes are followed accordingly.
By crafting your own plan for medical care, this will spare your loved ones from having to make life-altering decisions for you. Also, this can ensure that the loved ones you select will have legal permission to make important medical decisions for you if that becomes necessary.
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Power of Attorney
A Power of Attorney form allows you to choose someone else to represent your best interests and make decisions on your behalf regarding your financial affairs.
A Power of Attorney form can also be used to allow another person to act on your behalf for other matters. The Power of Attorney can authorize someone to act on your behalf immediately or only when you are incapacitated.
America Law Group can help designate and create the Power of Attorney for you as a part of your Estate Plan.
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Trust
A Trust is a legal tool that allows an individual (also known as a “Settlor”) to transfer their assets to the Trust, which is then managed by a Trustee designated by the Settlor. The Trustee thereafter distributes the assets to the beneficiaries according to the terms of the Trust.
A Trust in Virginia can be revocable or irrevocable; and they can be used to manage a variety of assets, including real estate, investments, and personal property.
Additionally, a Trust can be used to avoid “probate,” which is the legal process of validating a Will in Court. Probate can be time-consuming and may involve expensive taxes and legal fees; thus, creating a Trust is preferred.
It's important to know that establishing a Trust in Virginia can be a very complex legal process that requires careful consideration of one's own unique circumstances and goals. America Law Group can help prepare a Trust for you so that your estate is properly planned out.
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Special Needs Trust
A Special Needs Trust (also known as a “Supplemental Needs Trust”) is a legal tool that can be used to provide for the financial needs of an individual who has a disability or special needs, without affecting their eligibility for government benefits, such as Medicaid or Supplemental Security Income (SSI).
A Special Needs Trust can be established by a Settlor, which allows them to provide financial support for someone with a disability by transferring assets to the Trust. The Special Needs Trust can be funded with a variety of assets, including cash, investments, real estate, and life insurance policies.
The assets in the Special Needs Trust are managed by a Trustee, who may use the funds to pay for expenses that are not covered by government benefits, such as medical expenses, education, housing, and transportation.
America Law Group can help prepare a Special Needs Trust for you.