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How to Avoid Costly Mistakes in Estate Planning in Virginia

Summary by Virginia Beach Law Group

Key Takeaways A revocable living trust is an estate planning tool that allows you to transfer ownership of assets a designated trustee for the benefit of your beneficiaries. Given the complexity of living trusts, you should use a lawyer when implementing a trust to avoid very costly mistakes. Living trusts can be quite costly and may even be unnecessary, given the average person’s estate size compared to the inheritance tax exemption, so consul…

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Virginia Beach Law Group

How to Avoid Costly Mistakes in Estate Planning in Virginia

Key Takeaways A revocable living trust is an estate planning tool that allows you to transfer ownership of assets a designated trustee for the benefit of your beneficiaries. Given the complexity of living trusts, you should use a lawyer when implementing a trust to avoid very costly mistakes. Living trusts can be quite costly and may even be unnecessary, given the average person’s estate size compared to the inheritance tax exemption, so consul…

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Virginia Beach Law Group broke the news in 3 days ago on Thursday, February 20, 2025.

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