You Need an Estate Planning Attorney | Ryan C. Young | Richmond, Virginia

You Need an Estate Planning Attorney | Ryan C. Young | Richmond, Virginia
With the flood of inexpensive and even free, will planning aides available in this Internet age, the question often arises, “Why should I use an attorney when all I need is a simple will?” The answer is two-fold: there is no such thing as a “simple will” and the only time your will can really prove itself sound is after... Read More

Drafting your own estate plan might lead to disaster. | Ryan C. Young, Attorney | Richmond, Virginia

Drafting your own estate plan might lead to disaster. | Ryan C. Young, Attorney | Richmond, Virginia
Stories of dying patriarchs and matriarchs rewriting their wills on their own at the last moment make for good entertainment, but bad precedent. Even more trouble than personally altering your entire estate plan on a dying whim is never consulting an attorney in the first place. The more you have to leave, the more you have to lose — or... Read More

Estate Planning: The Family Money Talk – Have it Early and Often | Ryan C. Young | Virginia Attorney

Estate Planning: The Family Money Talk – Have it Early and Often | Ryan C. Young | Virginia Attorney
Discuss your Estate Plan with your Family Once your finished estate plan is signed, by you, have it witnessed by an impartial third-party, and notarized, the work is not over. There is still some heavy lifting for you to do.You need to talk with your adult children about the contents of your estate plan. This is a difficult but important... Read More

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

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

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