Virginia Estate Planning Lawyers
Estate planning services are not just for people with substantial assets. Anyone can develop an incapacitating illness or serious medical condition. Anyone can become disabled by an accident. These are only two of the many reasons why everyone should clearly indicate their wishes for their families, finances and health care. In addition, if you own a small business, you should consider planning for passing its management on to the next generation or to your key employees. Whatever your particular needs, the lawyers of Coates & Davenport can help you find the right estate planning solutions.
Advising individuals, families and business owners about wills, trusts and all estate planning instruments
We can help you identify your objectives and document your intentions with respect to:
- Durable power of attorney designating a trusted person to handle your financial affairs in the event you can no longer do so
- Medical power of attorney appointing someone to manage your treatment decisions if you become unable to express your own preferences
- Advance medical directive to physicians specifying your intentions for life support or suspension of treatment in circumstances such as irreversible coma or persistent vegetative state
Estate planning tailored to your situation
We also advise families and prepare trust instruments that address specific needs and goals:
- Estate planning for blended families
- Tax planning trust options, such as grantor retained trusts, charitable remainder unitrusts, generation skipping trusts, and other instruments that protect against tax liability
- Business succession planning for closely held family companies
- Special needs trusts for families with children who will not be able to care for themselves as adults
- Educational or charitable trusts
- Irrevocable life insurance trusts to cover expected estate tax liabilities or simply to transfer assets outside of the probate process after death
- Revocable living trusts to minimize the size of your probate estate
Our estate planning lawyers work closely with you and get to know your priorities, concerns, and objectives. We can then develop a custom estate plan suitable for your unique circumstances. To learn more about the benefits of a well crafted estate plan, contact the Richmond offices of Coates & Davenport.
