Herndon, Virginia Estate Planning Lawyers

Attorneys Helping Create Comprehensive Estate Plans in Herndon, VA

By planning for the future, you can make sure you and your loved ones will have financial resources when needed, and you can also help avoid disputes or other issues that could affect the distribution of your assets among your heirs. The estate planning attorneys at Fox & Moghul provide comprehensive services to clients in Herndon, Virginia. We can address your unique needs whether you need assistance drafting a will, establishing a trust, or putting healthcare directives in place.

With our attention to detail and our thorough understanding of the laws that may affect your estate, we can provide you with assistance as you create a comprehensive estate plan. We will make sure the legal documents you create comply with Virginia's legal requirements while reflecting your specific goals and values. Whether you are looking to protect family assets or ensure a smooth business succession, we will address your needs and provide you with peace of mind.

Creating Wills

A will is the cornerstone of most estate plans. It allows you to provide detailed instructions for how your assets should be distributed after your passing. You can also name a guardian for your minor children, make arrangements to pay debts or taxes, and address unique concerns that may affect your family. At Fox & Moghul, we can help you draft a legally enforceable will that fits your unique circumstances and addresses your family's specific needs.

Establishing Trusts

Different types of trusts can provide flexible options for managing and distributing assets. They can help reduce estate taxes, and they can also avoid the complicated and expensive process of distributing assets through probate. Whether you are considering a revocable living trust, an irrevocable trust, a special needs trust, or a charitable trust, Fox & Moghul can help you understand your options. We will advise you on the best types of trusts that may be used to achieve your goals, and we will ensure that trusts are properly funded and administered.

Powers of Attorney

A power of attorney allows you to designate someone who will be able to handle certain financial or medical decisions if you become incapacitated. Fox & Moghul can help draft durable powers of attorney that are tailored to your unique needs. With our help, you can ensure that your chosen agent will have clear authority to act on your behalf. With a power of attorney in place, you can make sure your affairs will be handled correctly in the event of an illness or other unforeseen circumstances.

Healthcare Directives

You can take steps to communicate your wishes regarding medical treatment and designate someone to make healthcare decisions for you when necessary. Healthcare directives can be especially important when addressing end-of-life care, since they may detail your wishes regarding life-sustaining treatment or palliative care. Our attorneys can help you create clear, enforceable directives that reflect your values and provide your loved ones with essential guidance in critical situations.

Asset Protection for Business Owners and High-Net-Worth Individuals

Asset protection is a vital component of estate planning. Fox & Moghul can advise you on the best strategies that will help you safeguard your wealth from potential risks such as creditors, lawsuits, or economic downturns. Our attorneys can advise you on the legal tools you can use to protect your assets, which may include:

• Business Succession Plans: With a proper plan in place, you can ensure a smooth transition of business ownership to heirs or successors.
• Asset Protection Trusts: Specific types of trusts may be used to shield your assets from legal claims while maintaining control over your money and property.
• Retirement and Investment Planning: We can advise you on the best ways to structure your accounts and investments to maximize protection and minimize taxes.
• Family Limited Partnerships (FLPs) or Family LLCs: We can help you determine what types of business entities may be used to manage assets or investments and pass ownership to family members.

Contact Our Herndon Estate Planning Attorneys

Secure your future and protect your loved ones by working with the estate planning attorneys at Fox & Moghul. Whether you need assistance with wills, trusts, healthcare directives, or powers of attorney, we can make sure all legal issues will be handled correctly. Contact us at 703-652-5506 today to schedule a consultation and begin creating a plan that will provide you with peace of mind while protecting your legacy.