estate planning – Young Law, PLLC

Understanding Different Kinds of Power of Attorney in Virginia

February 2, 2021February 2, 2021 Ryan C. Young, Esq.

POWER OF ATTORNEY LANGUAGE Agent: An agent or attorney-in-fact is a person that is appointed to act on someone else’s behalf. This person should be very trustworthy because he/she will have a lot of power over the financial and/or medical affairs of the principal. Principal: A principal is a person that appoints an agent to act on his/her behalf. This... Read More

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

January 30, 2014October 10, 2019 Ryan C. Young, Esq.

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

July 15, 2013October 10, 2019 Ryan C. Young, Esq.

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

January 6, 2013October 10, 2019 Ryan C. Young, Esq.

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

October 9, 2012October 10, 2019 Ryan C. Young, Esq.

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

July 30, 2012October 10, 2019 Ryan C. Young, Esq.

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

December 19, 2011October 10, 2019 Ryan C. Young, Esq.

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

Tag: estate planning