Virginia Estate Planning

Estate Planning in Virginia helps individuals prepare for future needs and asset distribution. Our attorney-drafted templates are designed for quick and easy completion.

intro Estate Planning

Common Virginia Estate Planning documents

  • Last Will and Testament — outlines how your assets will be distributed after death.
  • Living Trust — holds your assets during your lifetime and specifies their distribution after death.
  • Power of Attorney — designates someone to make decisions on your behalf if you are unable.
  • Living Will — expresses your healthcare preferences in case you cannot communicate them.
  • Advance Healthcare Directive — combines both healthcare wishes and power of attorney for medical decisions.
  • Probate Forms — necessary for managing and distributing a deceased person's estate.

Similar documents: key differences

  • Will vs. Trust — A Will distributes assets after death, while a Trust can manage them during your lifetime.
  • Durable Power of Attorney vs. Healthcare Power of Attorney — Durable Power of Attorney manages financial decisions, while Healthcare Power of Attorney focuses on medical decisions.
  • Living Will vs. Advance Healthcare Directive — A Living Will outlines end-of-life care preferences, while an Advance Healthcare Directive includes both care preferences and appointing a decision-maker.
  • Probate vs. Non-Probate Assets — Probate assets go through court for distribution, while non-probate assets transfer directly to beneficiaries.

How to get started

Start in minutes with these steps.

  • Find a template or package that fits your situation.
  • Review the description, preview, and signing requirements.
  • Get full access with a subscription.
  • Complete it in the online editor.
  • Export or send: download, email, USPS mail, notarize online, or send for e-signature (Premium).

FAQs

An estate plan organizes your assets and healthcare decisions for future needs.

Yes, a Will can complement a Trust by addressing any assets not included in it.

It's wise to review and possibly update your estate plan after major life events.

While it's possible, using templates can help ensure your documents are comprehensive and valid.

Glossary

  • Estate - All assets and liabilities owned by an individual.
  • Trust - A legal arrangement to manage assets for beneficiaries.
  • Beneficiary - A person designated to receive assets from an estate.
  • Executor - An individual appointed to manage an estate after death.
  • Probate - The legal process of validating a Will.
  • Power of Attorney - A document allowing someone to act on your behalf.
  • Healthcare Directive - A document stating your healthcare preferences.
  • Assets - Items of value owned by an individual.
  • Liabilities - Debts or obligations owed by an individual.

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