Guardianship and Trust Wills
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A Guardianship and Trust Will is the type of Last Will and Testament used by the parent(s) of minor age (under 18) children. Like a Simple Will, a Guardianship and Trust Will allows you to specify exactly where or to whom you would like your assets to go and allows you to name an Executor. It also allows you to name potential guardians for your minor age children in the event the death of both parents.
What happens if I don`t have a Guardianship and Trust?
Your family might fight over custody and in the end the Commonwealth of Virginia will determine who becomes the legal guardians of your children.
What else do I need?
Having a guardianship and trust is good but it does not help you with avoiding probate. In order to keep your estate and your assets out of probate, you might want to consider a revocable living trust.
The attorney and counsellors at Northern Virginia Trusts and Estates are experts at providing affordable, but professional legal services to Virginia residents including Vienna, Arlington, Alexandria, Fairfax, McLean, Centreville and Sterling. Our offices are in Vienna, VA but we provide quality estate planning services to all of Northern Virginia. Contact us to schedule a free estate planning consultation.