Chesapeake Estate Planning Attorney

No one wants or likes to think about their own death or becoming incapacitated. But having an up-to-date estate plan will give you the peace of mind of knowing your family will be taken care in those situations. There is no such thing as one-size-fits-all when it comes to estate planning. We listen to your concerns and tailor your plan to fit your needs.

We provide the following estate planning services:

Wills
Trusts
Powers of Attorney
Living Wills
Guardianship/Conservatorship
Special Needs Trusts

Will

Through a Will you can designate how your property will be distributed at your death. It only controls assets in your name alone with no beneficiary. For example, if you own a home with your spouse and you die, your spouse will automatically own the home. The home is not an as-set controlled by your Will. A Will is also the way you can choose a Guardian for your minor children. While the Court will make the ultimate decision, your Will is your voice and makes your wishes known.

Trusts

There are several different types of Trusts. Trusts created by your Will are called testamentary trusts. They do not exist until your death. Revocable Living Trusts can help you avoid probate and make distributions after your death or incapacity a lot easier on your loved ones.

Powers of Attorney

A Financial Power of Attorney allows you to choose an agent to act on your behalf should you become incapacitated. Your Agent would be able to sign your name to legal documents and make your financial decisions. A Healthcare Power of Attorney allows you to choose an agent to make your healthcare decisions should you become incapacitated.

Guardianship/Conservatorship

A Guardian is a person appointed by the Court to make decisions for an incapacitated person, such as medical and residential decisions. A Conservator is appointed by the Court to manage the finances of an incapacitated person.

Special Needs Trusts

When a loved one has special needs and receives government benefits, an inheritance could cause them to lose those benefits. Special Needs Trusts are a way to financially provide for your loved one with special needs while protecting their governmental benefits.

Let us help you choose an estate plan that works for your family.

Contact Info

Law Office of Shelly F. Wood, P.C.
501 Cedar Road, Suite 2A
Chesapeake, Virginia 23322
(757) 312-0211 phone
(757) 410-0642 fax

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