Frequently Asked Questions
The estate planning lawyers of von Keller Thelin are conveniently located in Manassas, Virginia, and we serve all of Prince William County. We offer the following answers to some frequently asked estate planning questions:
What Happens If I Die Without A Will?
Dying intestate means someone has passed away without a will. After dying intestate, your property will be divided among your family members in accordance with Louisiana laqw.
What Is The Division Of My Estate If I Die Intestate?
If you have a spouse and no children or grandchildren, or if you had your children with your current spouse, your entire estate goes to your spouse. In the event you have a spouse and children who are not the children of your spouse, your spouse receives a third of your estate, and your children receive two-thirds of your estate. In the absence of a spouse, your children receive your entire estate. If you do not have a spouse or children, your entire estate goes to your parents.
What Does A Will Do?
For parents, a will means selecting guardians for their minor children, but it can do much more than that. A will is also an effective tool for naming the individual who will be in charge of In a will, otherwise known as an executor. Your executor will oversee the probate of your will and the distribution of your assets after death. By executing a will, you can avoid costly estate litigation.
Can I Change A Will?
Wills can be changed and revoked. They can also be modified or amended using a codicil. Important live events that call for changes to a will include the birth, death or divorce of anyone in the immediate family or someone named in your will.
What Are The Advantages Of Having A Trust?
A trust can be advantageous for several reasons. Depending on the situation, a trust can avoid probate and can minimize taxes.
What Are The Typical Elements That An Estate Plan Includes?
Typical items that an estate planning attorney can help with include the following:
- Living wills
- Powers of attorney
- Advance medical directives
Contact Us To Speak With An Attorney About Estate Planning Today
For more information, please contact our law firm to speak to a skilled estate planning lawyer. The attorneys of von Keller Thelin are conveniently located in Manassas, Virginia, and we serve all of Prince William County.