trust – Page 2 – Young Law, PLLC

Providing for your minor children with estate planning. | Ryan C. Young | Attorney | Richmond, VA

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

Estate Planning for Families with Young Children. By: Ryan C. Young Every single parent needs to ask themselves “what would happen to my child tomorrow if I died?” There are two fundamental concerns that must be adressed: 1) Who will manage the money for my child’s care, rearing and education? How will that money be managed? and 2) Who will... Read More

Should I have a Will or a Living Trust? | Ryan C. Young | Estate Planning | Richmond Attorney

November 19, 2012October 10, 2019 Ryan C. Young, Esq.

Ryan C. Young | Attorney Richmond, Virginia No one likes to face their own mortality and far too many of us neglect to put our final wishes into a legal document. The stakes are high for failing to create an estate plan, the courts rather than you determine who gets your assets and if you have minor children who takes... 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

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

September 11, 2012October 10, 2019 Ryan C. Young, Esq.

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

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

Balancing Virginia Non-Compete Agreements With Right to Work Laws | Ryan C. Young |Richmond Business Attorney

April 24, 2012October 10, 2019 Ryan C. Young, Esq.

Non-Compete Agreements Employment law faces a paradox in Virginia when employers require employees to sign non-compete agreements. Those are agreements that employers require which limit for whom an employee may work, and for how long, after vacating a position. Virginia is a right to work state. In right to work states laborers can work for whomever they choose, and employers... Read More

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

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

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

January 20, 2012October 10, 2019 Ryan C. Young, Esq.

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

Supplemental Needs Trust (Special Needs Trust)

May 9, 2011October 10, 2019 Ryan C. Young, Esq.

A supplemental needs trust (sometimes called a special needs trust) is an estate planning document created to benefit an individual who has a disability (“an individual under a mental or physical disability, or a person with a chronic or acquired illness”) without disqualifying him or her from benefits received from government programs such as Medicaid and Social Security; also it... Read More

How can survivorship accounts create problems during the administration or probate of an estate? | Ryan C. Young | Richmond, Virginia

April 5, 2011October 10, 2019 Ryan C. Young, Esq.

I always cringe when someone asks me to draft their “simple” will. In my opinion, rarely is there such a thing as a “simple” estate plan. An estate plan should consider all of the assets of the individual and how those assets are held. When an attorney or a layperson tries to cut corners and save money on a proper... Read More

Tag: trust