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Alexandria, VA Estate Planning Blog

Thursday, March 29, 2012

I Need a Will

 

 

I Need a Will: Really?

Answer: Absolutely you need a Will. A will is document by which a person directs his or her probate estate to be distributed upon death. Will governs probate assets. Will doesn’t direct your non-probate assets. Will probate assets are those assets that pass by beneficiary or operation of law upon death. 

 

I need a Will: How much does a Will Cost? 

Wills cost vary on the level and complexity of your Will plan. If you have basic Will plan, then the costs of a Will can be very inexpensive. A basic Will plan includes a financial power of attorney, healthcare power of attorney, living will, & HIPPA authorizations. Because ii takes the same amount of time to prepare a Will as it takes to prepare all the aforementioned documents, a Will plan is generally a better option for someone looking for a will.

 

 

I need a Will: Do I need a Will Attorney?

Wills are one of the most difficult documents to execute. Because Virginia wants to prevent abuse, the requirements for a Will are extensive. Additionally, because much of you assets pass outside of probate, you need an Attorney to help direct your non-probate assets according to the Will.

 

 

 


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