Tysons Corner, VA Estate Planning Attorneys

Experienced Estate Planning Lawyers for Trusts, Wills, and Asset Protection in Tysons Corner, Virginia

It is a natural impulse to push away any and all thoughts of death. However, planning your estate will save both you and your loved ones from hardship later down the line. With a plan in place, you can ensure the smooth and efficient distribution of your money, assets, and real estate property to your loved ones. You can also dictate how you would like your affairs to be handled if you are no longer able to communicate for yourself.

The lawyers at Fox & Moghul provide residents in Tysons Corner, VA with experienced legal counsel when creating wills, establishing trusts, and addressing other estate planning concerns. We strive to fulfill our clients' needs with a philosophy of repetitive success. Our attorneys will guide you through the process of establishing legal documents and addressing other concerns to ensure that your family is prepared for the future.

What Can a Will Include?

You can specify how your personal property will be passed on to someone of your choosing in your will. The assets addressed in your will might include your home or other real estate property, money that you have saved, your personal belongings, and more. When drafting a will, you will also appoint an executor to carry out your wishes, and this may be someone you know or a legal professional. Other issues addressed in your will may include naming guardians for your children or detailing other last wishes.

Establishing Trusts

Trusts are secure methods of protecting and transferring your assets to different beneficiaries. A trust will let you pass on your property to loved ones, but it will be exempt from probate, the lengthy court process of administering your estate and distributing your assets according to your will.

A revocable living trust is a modifiable contract that gives you control over your assets while you are still alive, and you can outline the terms of when your beneficiaries will receive the assets. By contrast, an irrevocable trust is a permanent contract with terms that cannot be changed once they have been set. Trusts can also be used to help minimize estate taxes, provide for loved ones with special needs, or make donations to charity.

Designating Power of Attorney

A power of attorney will give someone you trust the legal authority to manage your affairs, including financial or medical decisions. A durable power of attorney allows the person you appoint to make certain types of decisions when you become incapable of doing so. To draft a power of attorney, you must be of sound mind, and the person you appoint must be 18 years or older. Our attorneys can help you create effective agreements that will address your needs if you ever become incapacitated.

Writing an Advance Directive

In Virginia, you can draft a healthcare directive that appoints someone else to make medical decisions on your behalf if you are incapacitated. You can also establish a living will that dictates how you want your medical care to be handled if you become terminally ill and are unable to communicate your desires. A living will can tell doctors whether you want your life to be prolonged via medical procedures or technology or whether you would rather pass on naturally.

Speak With a Tysons Corner Estate Planning Lawyer

Making plans that address your estate, your medical care, and other future concerns is an important, responsible decision. A lawyer at Fox & Moghul can provide you with guidance throughout this complex and often emotional process. We are ready to assist with wills, trusts, healthcare directives, and other documents that address what will happen as you near the end of life and after your death. Contact our office at 703-652-5506 to schedule a consultation.