As a new mother, what estate planning documents do my husband and I need? | Ryan C. Young | Estate Planning | Attorney

As a new mother, what estate planning documents do my husband and I need? | Ryan C. Young | Estate Planning | Attorney
  Estate Planning for Young Parents Richmond, Virginia | Estate Planning | Attorney Q.  As a new mother, what estate planning documents do my husband and I need? ANSWER: • You need to have either a Last Will and Testament or a Trust. • You need to state a preference concerning the care of your children in the event of... Read More

Proper Estate Planning Helps Avoid Family Disputes | Ryan C. Young | Richmond, Virginia | Attorney

Proper Estate Planning Helps Avoid Family Disputes | Ryan C. Young | Richmond, Virginia | Attorney
By: Ryan C. Young Although many people would like to avoid the subject of death, it is something that you need not ignore. Otherwise, upon your death, chaos can erupt and your family members’ relationships can be negatively impacted, forever. We all know that death is a highly charged emotional situation. These emotions can cause our loved ones to act... Read More

Four Benefits that Make Living Trusts a Compelling Option | Ryan C. Young | Virginia Estate Planning

Four Benefits that Make Living Trusts a Compelling Option | Ryan C. Young | Virginia Estate Planning
Virginia Living Trust Think a living trust, sometimes called an inter vivos trust , is an estate planning option only appropriate for only the highest net-worth individuals? Think again. Living trusts offer individuals an alternative to relying on a standard will to direct the disposition of their assets upon death. Across Virginia—indeed, across the entire United States—people are discovering that... Read More

What are the differences between a Trust and a Will? | Ryan C. Young | Richmond, Virginia Attorney

What are the differences between a Trust and a Will? | Ryan C. Young | Richmond, Virginia Attorney
Living Trust v. Last Will and Testament An inter vivos trust, commonly known as a living trust, is used to dispose of property during a person’s lifetime. A last will and testament transfers the ownership of property after a person’s death. These legal instruments have significant differences such as their transfer, revocability, privacy, probate and costs. Transfer of Property into... Read More

Start The Year Right: Bring Your Legal Documents Up-To-Date | Ryan C. Young | Richmond, Virginia Attorney

Start The Year Right: Bring Your Legal Documents Up-To-Date | Ryan C. Young | Richmond, Virginia Attorney
The New Year is here. If you are like most folks you have had year which included some changes. You may have moved, changed jobs, changed your marital status, had kids and like most of us, made no changes or conducted a serious review of your estate plan. If you have moved and have not notified government agencies and others... Read More

Can an attorney-in-fact (agent) be reimbursed for attorney’s fees? | Ryan C. Young | Richmond, Virginia Attorney

Can an attorney-in-fact (agent) be reimbursed for attorney’s fees?  | Ryan C. Young | Richmond, Virginia Attorney
Acting under a Power of Attorney + Attorney’s Fees An attorney-in-fact is the principal for an individual under a validly executed power of attorney. The term is confusing to some and can be used interchangeably with the word agent. The law governing power of attorney documents is somewhat similar to agency or contract law. In order to determine your rights... Read More

Gift Tax FAQ – Richmond, Virginia Lawyer – Ryan C. Young

Gift Tax FAQ – Richmond, Virginia Lawyer – Ryan C. Young
  At first glance the gift tax regulations seem quite complicated. That is because the Internal Revenue Service hires writers who cannot write a simple sentence. If the tax code was written in plain English it would likely be hundreds, if not thousands of pages shorter. By using a FAQ format, we hope most of your questions will be addressed. The... Read More

Protecting your family through estate planning. | Ryan C. Young | Richmond, Virginia | Estate Planning

Protecting your family through estate planning. | Ryan C. Young | Richmond, Virginia | Estate Planning
  An estate planning attorney can protect your family and assets. No one likes to think about estate planning. This is understandable: People don’t want to consider their own mortality. But if you want to offer financial protection to your family and children, estate planning is essential. And this means that meeting with an estate attorney is also critical. Everyone... Read More

Now is the Time for your Legal Check Up: Speak with a lawyer about your concerns. | Ryan C. Young | Richmond, Virginia Attorney

Now is the Time for your Legal Check Up: Speak with a lawyer about your concerns. | Ryan C. Young | Richmond, Virginia Attorney
All too often, clients come to me with legal problems which could have been avoided had we reviewed their particular situation or legal documents in advance. Many times, these problems could have been avoided in a cost-effective manner before they escalated out of control. Most of us recognize that our cars, homes and bodies require routine maintenance and inspection. At... Read More

Estate Administration: How our office assists clients. | Ryan C. Young | Richmond, Virginia Attorney

Estate Administration: How our office assists clients. | Ryan C. Young | Richmond, Virginia Attorney
Virginia Estate Administration and Probate  The death of a loved one is already a difficult and emotional experience for family members and beneficiaries. The added stress of sorting through a person’s estate and estate documents can oftentimes be too much for a family in mourning. If you find yourself in this challenging and life-changing situation, Virginia probate attorney Ryan C.... Read More