Trust and Estates Attorney in Chesapeake
Trust and Estates Attorney in Chesapeake
Many people consider worrying about trusts and estates to be morbid. However, having a proper trust and estate plan in place can save you a large amount of worry and headache later on. A proper plan will also ensure that your assets and other belongings are properly distributed in accordance with your wishes.
An experienced trust and estates attorney in Chesapeake at Mahoney & Richmond, PLLC, can help you develop a trust and estate plan that is both well-crafted and cost-effective. Please reach out today to learn more about how we could assist with your trust and estate legal issues and needs.
How a Trust and Estates Attorney in Chesapeake Could Assist You
There are many different ways that a trust and estates lawyer in Chesapeake may be able to help. A lawyer could assist you with all of the following:
- Revising a will or drafting an initial will for an individual or couple
- Helping to manage an estate throughout the Virginia probate process
- Creating a trust that would allow you to avoid probate altogether and/or reduce taxes on the estate
- Assist couples and individuals with using trust and estate laws to lessen their tax liabilities
- Drafting various powers of attorney that would be applicable under various circumstances
- Creating an estate plan that would comport with your wishes and desires and ensure that your tangible personal property, belongings, and other assets are passed on to the proper individuals or entities
- Preparing an advanced medical directive which would determine who is able to make medical decisions on your behalf, in the event you are incapacitated or otherwise unable to make those decisions when the time comes
Goals of a Trust
Drafting a trust can serve several different goals. There are also several different types of trusts that can be used, depending upon your desired end result. Those trusts include charitable remainder trusts, living trusts, and trusts that provide for surviving loved ones after a person passes away.
One common type of trust that is used in the Commonwealth of Virginia is a living trust. With a living trust, an individual transfers certain property interests into the trust. Once the trust is created, the individual will manage his or her property in essentially the same way as before he or she created and opened the trust. More importantly, when the individual passes away, the property that had been held in trust will go to the beneficiary or beneficiaries designated beforehand – all without having to wind its way through the lengthy and tedious probate process.
Even with a valid trust in place, it is still a good idea to have a will that provides for asset distribution and the recipients of those assets upon a person’s passing.
Speak to a Chesapeake Trust and Estates Attorney Today
The knowledgeable legal team at Mahoney & Richmond, PLLC, can help you craft a workable trust, such as a living trust, and help you develop an effective estate plan. For a legal consultation or case evaluation with an experienced Chesapeake trust and estates lawyer, please contact us online today for more information.
What Our Clients Are Saying
Nicole handled my divorce, she was professional and detailed. If I had a question it was usually answered the same day. In court, she was very professional, had all details, and was fully ready to represent me. I could not have asked for a better attorney to represent me!
I am very impressed with Andy's capabilities - he is a talented young lawyer.
Reeves is a fine lawyer, with a great sense of humor.
Mr. Richmond deals with his clients compassionately and with legal precision. You can have confidence that he is looking out for you and trust his judgment and advice. Take his advice seriously. Mr. Richmond does a good job communicating with his clients, keeping them informed along the way.
Andrew Richmond is a great lawyer and extremely smart.
Ashley is an excellent attorney in all areas.
I did my research on divorce and family law attorneys before contacting anyone. A trusted friend had used Nicole and her team's services previously and highly recommended her. Entering the MNR Law offices I met their receptionist. Her smile both lightened the mood and removed some of the stress from the streets. I found the conference room to be well lit, supplies readily available, and the conduct of the staff I encountered to be well above everyday professional courtesy. Nicole was the first attorney I met with and after our initial meeting, discussing options, criteria, contractual obligations, and services that would be contracted for, I confidently chose her to be my legal counsel. The contracts were explained in detail and reviewed prior to initiating our financial transactions, and I feel I received more than what I contracted for. I paid for professional services; what I got included personalized service, the respect, and distinction of being an individual. My concerns were thoroughly vetted and understood from a personal level and translated to what I wanted and needed on a professional legal level. The team prepared the battlefield and for potential contingencies, ready to execute, ready to win. We faced the opposition…
5 stars!
I recommend them completely!
Very pleased with their professionalism and seriousness with my case.
Listen, I did the circuit of family lawyers in Virginia Beach and Andy is, hands down, the most honest, capable, genuine, and reliable lawyer around.
Reeves Mahoney did an outstanding job as my attorney during a recent contested custody battle. Knowledgeable, honest, and direct, I appreciated Reeves’ sage counsel during an incredibly difficult and anxious time. Reeves and his team provided excellent guidance and successfully navigated me through the heretofore unfamiliar minefield of family law. Reeves is one of the finest, if not the finest family law attorneys in Hampton Roads and enjoys a stellar reputation in the family law system.
Good attorneys for estate planning
Nicole was amazing to work with for my son's adoption finalization. She was extremely personable, always responded quickly to any questions, calls, or emails, and extremely nice! She made the final stages of our adoption journey amazing!
I am very thankful for all of your services. I don’t know how I would have gotten through this without you all. Your help was priceless.
I will never regret seeking (Reeves Mahoney’s) counsel … You’ve given me a lot of great advice and insight and that I’ll never regret any penny that I paid to gain that. … I just wanted to let you know that you provided a great service to me today and I will be eternally grateful.
Nicole knew exactly how to handle to my situation, doing so rapidly; conformed to my wishes, no drama. Amazing advocate: excellent skills explaining complex legalese in everyday terms. Great sense of humor: explains difficult topics; diffuses stressful situations. Guide & confidant. Earned my trust & maintained it throughout. Quality of service was outstanding! Value is phenomenal Follows up on questions & requirements, often same day, with quality details in clear & concise communications
Andy and his paralegal, Nancy, are wonderful. I had an entire custody reversal made, which I have come to understand is a rarity. Andy is clearly knowledgeable about family law and well respected by the court.
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