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Tips for choosing a trustee

There are many reasons why Virginia estate holders may want to create trusts. One major reason may be for the avoidance of probate. You may also want to state the terms of the distribution to your beneficiaries as opposed to them receiving all your assets outright at once.

TRANSFER ON DEATH DEEDS - A BENEFICIARY DESIGNATION FOR YOUR HOME

There are multiple ways to attempt to avoid probate including the use of beneficiary designations on life insurance policies, retirement accounts, and other similar accounts. Other ways to avoid probate are through joint ownership, however, joint ownership may not be the best approach in some situations (particularly between a parent and a child). Probably the most effective and smoothest way to avoid probate and to make sure your estate is handled properly is through the use of a Revocable Living Trust.

The Law Office of Deborah N Arthur has undergone changes in the past few years that we are excited to tell you about in our first blog posting. Deborah's daughter, Rebecca, graduated from law school and passed the Virginia State Bar Exam in 2012 - joinin

The Law Office of Deborah N Arthur has undergone changes in the past few years that we are excited to tell you about in our first blog posting.

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