What Happens to Your Business If Something Happens to You?

Business owners spend a lot of time thinking about what happens inside the business: clients, contracts, employees, revenue, taxes, and growth.

But there is another question worth asking:

What happens to the business if something happens to you?

That does not only mean death. An illness, accident, or other period of incapacity could leave you temporarily or permanently unable to run the company.

If the business depends heavily on you, the legal plan should account for both possibilities.

Ownership and Management Are Not the Same Thing

One of the most important distinctions in business succession planning is the difference between owning the business and having authority to operate it.

For example, a business interest may ultimately pass to a spouse or child after an owner’s death. That does not necessarily mean the person who inherits the economic interest automatically receives the same management rights the owner previously exercised.

For Virginia LLCs, the operating agreement can be especially important. Virginia law generally treats a member’s death as an event of dissociation, while the operating agreement can alter many of the default rules governing what happens afterward.

So “my spouse gets my business” does not fully answer the succession question.

You also need to ask:

Who will have the authority to make decisions?

What Happens If You Are Alive but Cannot Run the Business?

Succession planning should not begin at death.

Imagine a business owner is hospitalized and unable to communicate for several months.

Who can access what is needed to keep the company operating? Who can deal with contracts, financial matters, employees, vendors, or other business decisions? Who has authority to act with respect to the owner’s business interest?

A properly drafted power of attorney can be an important part of incapacity planning. Virginia law permits an agent to receive substantial authority concerning the operation of an entity or business when that authority is granted, but that authority remains subject to governing documents and agreements affecting the entity or ownership interest.

For a business owner, a power of attorney should therefore be considered alongside the company’s operating agreement, bylaws, shareholder agreement, and other governing documents—not in isolation.

Your Operating Agreement May Matter as Much as Your Will

Business owners sometimes think succession planning is simply an estate-planning question:

“Who gets my ownership interest when I die?”

But the company’s own documents may contain important provisions concerning death, incapacity, transfers, management, or buyouts.

Depending on the entity and its governing documents, there may be restrictions on who can acquire an ownership interest, requirements for purchasing an owner’s interest, procedures for determining value, or rules governing who can participate in management.

That means your estate plan and business documents should tell a consistent story.

If your will or trust anticipates one result while your operating or shareholder agreement requires another, someone will eventually have to sort out the disconnect.

Do You Actually Want Your Family to Run the Business?

Inheritance and management are different questions for another reason:

The person you want to benefit from the value of your business may not be the person you want running it.

Perhaps your spouse depends on the income generated by the business but has never participated in its operations.

Maybe one child works in the company and another does not.

Perhaps you have a business partner who would never want to operate the company with your heirs.

Or maybe none of your family members want the business at all.

Instead of simply asking:

“Who should inherit my business?”

Consider asking:

“What do I want the business to look like without me?”

The answer might involve continued family ownership, a buyout, a sale, another owner assuming control, or another succession strategy.

If You Have Business Partners, Plan for the Relationship After You

Your death or incapacity does not affect only your family.

It can also affect the people who own the business with you.

Consider a company owned equally by two friends. One dies and intends for everything to pass to a spouse.

The surviving owner may suddenly have to confront questions neither owner previously addressed: What rights does the deceased owner’s successor have? Should the surviving owner purchase the interest? How is the business valued? Where will the money for a buyout come from?

Those questions are much easier to address while everyone is available to participate in the conversation.

The Plan Should Include More Than Legal Documents

Even excellent legal documents cannot tell someone where your critical business information is located.

A practical succession plan should also consider what someone would need to keep the business functioning.

That may include identifying key professional advisers, banking relationships, insurance information, important contracts, employees or contractors with critical responsibilities, recurring obligations, and where essential business records are maintained.

This does not mean putting passwords and sensitive credentials into a will.

It means considering whether the people who may eventually step in would actually know enough to begin.

Your Business Is Part of Your Estate Plan

For many entrepreneurs, the business is one of their most valuable assets.

It may also be the source of the family’s income, an employer of other people, the product of years of work, and something the owner hopes will continue beyond them.

That makes business succession both a business-planning issue and an estate-planning issue.

The goal is not simply to decide who gets the business.

It is to coordinate ownership, management, incapacity planning, governing documents, and the owner’s estate plan so that everyone is not forced to figure it out during a crisis.

What Would Happen to Your Business Without You?

If you own a business, consider three questions:

Who could act if I became incapacitated?

Who would receive my ownership interest if I died?

Who would actually run the business afterward?

If you cannot answer all three—or the answers depend on assumptions rather than documents—it may be time to review the plan.

Basis Law PLLC assists Virginia business owners with business law and estate planning, including helping clients consider how their business interests fit into the larger plan for themselves and their families.

Schedule a consultation with Basis Law to discuss your business and planning needs.

This article is provided for general informational and educational purposes only and does not constitute legal advice. Business succession and estate-planning issues depend on the type of entity, governing documents, ownership structure, individual circumstances, and applicable law. Reading this article, visiting this website, contacting Basis Law PLLC, or scheduling a consultation does not create an attorney-client relationship. Representation requires a written engagement agreement with Basis Law PLLC.

What Happens If You Die Without a Will in Virginia?

Dying without a will does not mean that no one inherits your property.

It means Virginia law decides who inherits certain property instead of you.

This is called dying intestate. Virginia’s intestacy laws provide a default order for distributing property that is not otherwise effectively disposed of through a will or another method.

That default plan may work for some families.

For others, it may look very different from what they assumed would happen.

If You Are Married, Does Everything Go to Your Spouse?

Sometimes—but not always.

Under Virginia law, if you die with a surviving spouse, your spouse generally inherits the intestate estate when all of your descendants are also descendants of your surviving spouse.

The result changes when you have a child or other descendant who is not also a descendant of your surviving spouse.

In that situation, Virginia’s intestacy statute generally provides:

1/3 to the surviving spouse

2/3 to the decedent’s children and their descendants

This is one reason intestacy can be particularly important for blended families.

The law applies its formula. It does not know whether you wanted your spouse financially protected first, whether you intended particular property to go to your children, or whether you consider your stepchildren part of your intended inheritance plan.

What If You Are Not Married?

If there is no surviving spouse, Virginia law generally looks next to the decedent’s children and their descendants.

If there are no surviving descendants, the law moves through additional family relationships, including parents, siblings and their descendants, and then more remote relatives according to the statutory order.

This can be particularly important for unmarried couples.

A long-term partner does not become a spouse simply because you have built a life together. Virginia’s intestacy laws distribute property according to legally recognized family relationships—not according to who was emotionally closest to the person who died.

If providing for an unmarried partner is important to you, relying on intestacy may not accomplish that objective.

Intestacy Does Not Mean the State Automatically Takes Everything

One persistent misconception is:

“If I die without a will, the state gets my property.”

Usually, no.

Virginia law provides an extensive order for identifying heirs. Property generally reaches the Commonwealth only when there is no person entitled to inherit under the statutory succession rules.

The more practical concern is usually not that Virginia will take everything.

It is that Virginia may distribute your property differently than you would have chosen.

Not Everything You Own Is Necessarily Controlled by Intestacy

This is where estate planning becomes more nuanced.

Dying without a will does not necessarily mean every asset you own gets placed into one pot and divided according to Virginia’s intestacy laws.

How an asset passes can depend on how it is owned and whether another arrangement controls what happens to it.

Beneficiary designations, certain forms of joint ownership, trusts, and other arrangements may determine how particular assets pass.

So the question is not simply:

“Who are my heirs under Virginia law?”

It is also:

“What do I own, how do I own it, and what currently controls where each asset goes?”

That is why estate planning involves more than simply drafting a will.

A Will Does More Than Decide Who Gets Property

Inheritance is also only one part of the planning conversation.

A thoughtful estate plan may address questions such as:

Who do you want handling the administration of your estate?
Who should manage property left for children or other beneficiaries?
Who should make financial decisions for you if you become incapacitated?
Who should make health-care decisions if you cannot make them yourself?
Should certain beneficiaries receive property outright, or should it be managed for them?

Your estate plan gives you an opportunity to make intentional choices about these issues rather than leaving everything possible to statutory defaults.

What About Minor Children?

Parents sometimes assume that having a will is primarily about deciding who receives their property.

For parents of minor children, there can be much more to consider.

Who would you want caring for your children if both parents were unavailable? Who should manage the property your children inherit? Should the person caring for the children also be the person managing their inheritance? At what point should a child receive control of inherited property?

Simply saying “everything goes to my children” does not answer all of those questions.

Virginia Has a Plan for You. The Question Is Whether You Want It.

Intestacy laws serve an important purpose. There must be a way to determine what happens when someone dies without leaving legally effective instructions for property that must pass through the intestate estate.

But Virginia’s default rules were not written specifically for your family.

They do not know which relationships matter most to you, what you want to happen to your home, whether you want to provide for an unmarried partner or stepchild, how you want children to receive an inheritance, or who you trust to carry out your wishes.

Estate planning gives you the opportunity to answer those questions yourself.

Ready to Create Your Own Plan?

Basis Law PLLC assists Virginia individuals and families with estate planning designed around their relationships, assets, priorities, and goals.

Schedule an estate-planning consultation to discuss what you want your plan to accomplish.

This article is provided for general informational and educational purposes only and does not constitute legal advice. The distribution and administration of an estate depends on the particular facts, property involved, family relationships, and applicable law. Reading this article, visiting this website, contacting Basis Law PLLC, or scheduling a consultation does not create an attorney-client relationship. Representation requires a written engagement agreement with Basis Law PLLC.

Estate Planning for Blended Families: What Parents and Spouses Should Consider

Blended families can make estate planning more complicated—not because the family is any less connected, but because there may be more relationships, expectations, and interests to consider.

You may want to provide for your spouse while also preserving an inheritance for children from a prior relationship. Your spouse may have children of their own. Some property may have been acquired before the marriage, while other assets were built together.

That means a seemingly simple goal—“I want to take care of my spouse and my children”—can require more planning than expected.

Start With What You Actually Want to Happen

Before choosing documents, consider what you are trying to accomplish.

Do you want your spouse to inherit everything outright? Do you want certain property preserved for your children? Should your spouse be able to use particular assets during their lifetime before those assets pass to someone else? Do you intend to provide for stepchildren?

There is no universal definition of “fair” for a blended family.

The important question is what you mean by fair—and whether your estate plan actually produces that result.

“I Trust My Spouse to Do the Right Thing” Is Not an Estate Plan

Suppose you have children from a prior relationship and leave everything outright to your spouse because you trust your spouse to eventually leave those assets to your children.

That may happen. But once property belongs to the surviving spouse, your expectation about what should happen years later is not itself an estate plan.

Circumstances can change. The surviving spouse may remarry, experience financial or health challenges, develop different relationships with the children, or change their own estate plan.

None of this requires bad intentions.

If preserving property for your children is important to you, that objective should be addressed as part of your planning rather than left entirely to someone else’s future decisions.

Think Beyond the First Death

Blended-family planning often requires thinking in stages.

For example:

“I want my spouse to be financially secure, but I ultimately want certain property to go to my children.”

Those are two different objectives.

Depending on the circumstances, trust planning or another structure may help address both. The appropriate strategy will depend on the family, assets, and goals.

The important point is to consider not only who receives property first, but also what you intend to happen afterward.

Pay Particular Attention to the Family Home

The home can create some of the most difficult planning questions.

You may want your spouse to remain in the home but ultimately want the property to pass to your children.

That raises additional questions:

Who owns the property now? How is the deed titled? Who pays the mortgage, taxes, insurance, and repairs? What happens if your spouse moves? What happens if the home needs to be sold?

Marriage can also create legal rights that must be considered. Virginia law provides certain protections for surviving spouses, including elective-share rights that can affect estate planning.

The answer is not always as simple as writing, “My children get the house,” in a will.

Your Will Does Not Tell the Whole Story

Your estate-planning documents also have to coordinate with how your assets are owned.

Retirement accounts, life insurance, jointly owned property, payable-on-death accounts, real estate, business interests, and other assets may require separate consideration.

That is particularly important in blended families.

A will could say one thing while a beneficiary designation or ownership arrangement causes an asset to pass another way.

This is why Basis Law asks clients about their assets, deeds, beneficiary designations, and existing documents during the planning process. The documents and the assets need to work together.

Be Intentional About Children and Stepchildren

Do not assume phrases like “our children” will produce the result you have in mind.

Some clients want biological children and stepchildren treated identically. Others want each spouse primarily responsible for providing for their own children. Still others want something in between.

If you die without a will, Virginia’s intestacy laws—not your family’s assumptions—determine how probate property passes. The result can be particularly important when a decedent leaves both a surviving spouse and descendants who are not also descendants of that spouse.

Your intentions should be made clear through appropriate planning.

Choose Decision-Makers With Family Dynamics in Mind

Blended-family relationships can also affect whom you choose as executor or trustee.

Imagine that a trust benefits your surviving spouse during their lifetime, with the remaining property eventually passing to your children.

Should your spouse control the trust? Should one of your children? Would putting one family member in control of distributions to another create unnecessary tension?

There is no universal answer.

The question is whether the person you select can perform the job competently and fairly within the dynamics of your family.

Reduce the Assumptions

Blended families do not inevitably lead to estate disputes.

But they can create more opportunities for people to have different expectations about what should happen.

A thoughtful estate plan helps replace those assumptions with intentional decisions.

Who should be protected? What should your spouse receive? What should your children receive? What happens to the home? What happens after the surviving spouse dies? And do your assets actually align with the plan?

Those questions can be uncomfortable to answer.

They are usually easier to address while you are here to answer them.

Estate Planning for Your Blended Family

Basis Law PLLC assists Virginia individuals and families with estate planning designed around their family relationships, assets, priorities, and goals.

Schedule an estate-planning consultation with Basis Law to begin the conversation.

This article is provided for general informational and educational purposes only and does not constitute legal advice. Estate-planning needs and spousal rights are fact-specific and depend on individual circumstances and applicable law. Reading this article, visiting this website, contacting Basis Law PLLC, or scheduling a consultation does not create an attorney-client relationship. Representation requires a written engagement agreement with Basis Law PLLC.

Who Will Step In for You? Choosing the Right People for Your Estate Plan

When people think about estate planning, they often focus first on who will receive their property.

But an estate plan also asks you to make another set of important decisions:

Who do you trust to act for you?

Depending on your plan, you may need to select someone to manage your finances if you become incapacitated, someone to make health-care decisions when you cannot make them yourself, someone to administer your estate after your death, and someone to manage property held in trust.

Those responsibilities are different. The person who would make an excellent financial agent may not be the person you want making medical decisions. Someone you love deeply may not have the organization or financial judgment necessary to administer an estate or manage a trust.

Before choosing names, it helps to understand the jobs.

Your Financial Agent: Who Can You Trust With Your Money?

A financial power of attorney allows you to designate an agent to exercise the financial authority you give that person under the document.

This person may need to act during one of the most vulnerable periods of your life—when you are unable to manage financial matters yourself.

That makes trust essential, but trust alone may not be enough.

Consider whether the person you are selecting is:

Financially responsible in their own life
Organized and capable of maintaining records
Comfortable handling financial and administrative matters
Willing to put your interests ahead of their own
Capable of following your wishes rather than substituting their preferences for yours
Able to recognize when professional assistance is needed

Depending on the authority granted in your power of attorney, your agent could have substantial access to and control over your financial affairs.

This is not necessarily the role for the person you are closest to. It is the role for someone you trust to do right by you when you may not be able to monitor what they are doing yourself.

Your Health-Care Agent: Who Can Make Difficult Decisions Without Making Them About Themselves?

Your advance medical directive allows you to communicate your wishes regarding health care and designate someone to make health-care decisions for you under the circumstances addressed by the document and Virginia law.

Choosing that person requires a different analysis.

Your health-care agent should understand your wishes and be capable of carrying them out during what could be an extraordinarily emotional time.

Consider whether the person can:

Remain composed enough to receive and understand medical information
Ask questions when something is unclear
Communicate effectively with health-care providers
Advocate for your wishes
Follow the guidance you provided in your advance medical directive
Make difficult decisions without allowing their own fear, grief, or personal preferences to override yours

Someone can love you tremendously and still not be the right person for this job.

For example, if you have clearly expressed that you would not want certain measures taken under particular circumstances, consider whether the person you are appointing could honor that decision even if emotionally they wanted something different.

The question is not simply, “Who loves me enough to make this decision?”

It is also, “Who can carry out my wishes when doing so may be difficult?”

Your Executor: Who Can Navigate the Administration of Your Estate?

Your executor is the person you nominate in your will to administer your estate after your death. If that person ultimately qualifies to serve, the role can involve significantly more than distributing property to the beneficiaries named in your will.

When probate and estate administration are required, the executor may need to navigate a process involving the circuit court clerk’s office, identification and management of estate property, creditors, financial institutions, tax matters, recordkeeping, required filings, distributions, and other administrative responsibilities.

Virginia estate administration can involve numerous procedural and accounting requirements.

That means your executor should ideally be someone who is:

Organized
Dependable
Comfortable managing paperwork and deadlines
Financially responsible
Able to maintain good records
Capable of communicating with beneficiaries and professionals
Able to manage competing demands during an emotionally difficult period
Sophisticated enough to recognize when an attorney, accountant, tax professional, or other adviser should be involved

The oldest child does not automatically need to be the executor.

Neither does the child who lives closest to you.

And naming all of your children together is not necessarily more fair—or more efficient—than choosing the person best equipped for the responsibility.

If your estate plan is expected to involve probate, think carefully about who has the temperament and organizational ability to navigate that process.

Your Trustee: Who Can Manage Property for Someone Else?

Selecting a trustee can require an even broader analysis because the responsibilities of a trustee may continue for years.

A trustee manages property held in trust according to the terms of the trust and applicable law.

What that means in practice depends heavily on the trust you create.

A successor trustee of your revocable living trust may need to step in if you become unable to manage trust property yourself. After your death, a trustee may be responsible for administering the trust, managing investments and other property, maintaining records, communicating with beneficiaries, making distributions, addressing tax and administrative matters, and carrying out the instructions contained in the trust.

Some trusts terminate relatively quickly. Others may continue for many years.

A trustee may therefore need a combination of:

Integrity
Financial judgment
Organization
Attention to detail
Patience
Sound decision-making
Ability to maintain appropriate records
Ability to communicate with beneficiaries
Ability to remain impartial when appropriate
Willingness to follow the terms of the trust
Ability to distinguish the beneficiaries’ interests from their own
Willingness to obtain professional investment, tax, accounting, or legal assistance when necessary

Family dynamics can be particularly important here.

Suppose property will remain in trust for a child for many years. The person you choose may eventually be responsible for making decisions affecting that beneficiary’s access to money.

Consider what that relationship will look like in practice.

Will the beneficiary respect the trustee? Can the trustee say no when the trust requires it? Can the trustee exercise judgment without becoming controlling? Can the trustee make decisions fairly even when family relationships become complicated?

The trustee you select can have a significant effect on how well the plan you created actually functions.

These People Do Not Have to Be the Same Person

Once you understand the responsibilities, an important point becomes clear:

You do not have to choose one person for every job.

One person may be excellent with finances but become overwhelmed in medical situations.

Another may understand your health-care wishes better than anyone else but have no interest in managing money.

A third may have the organization and judgment necessary to administer your estate but may not be the right person to manage a long-term trust.

That is not a problem.

Estate planning gives us an opportunity to match people with responsibilities.

Rather than asking, “Who is the person I trust the most?” consider asking:

“Who do I trust most to perform this particular job?”

Do Not Forget Your Successors

For each role, you should also think beyond your first choice.

The person you name today may be unable or unwilling to serve when the time comes. Someone may become ill, predecease you, move away, experience changes in their own circumstances, or simply decide that they cannot take on the responsibility.

That is why an estate-planning conversation should ordinarily include the question:

Who is next?

Choosing appropriate successor agents, executors, and trustees can prevent your plan from depending entirely on the availability of one person.

Talk to the People You Are Considering

You do not necessarily need to disclose every detail of your estate plan, but someone should generally know that you are considering asking them to take on a significant responsibility.

Ask whether they are willing to serve.

Explain what you are asking them to do.

And, particularly for your health-care agent, have conversations about what matters to you while you are able to have them.

A beautifully drafted advance medical directive cannot substitute for every conversation. Your agent will be better positioned to advocate for you if that person understands not only what the document says, but also what you value and why.

Your Estate Plan Is Only as Practical as the People Who Must Carry It Out

Estate-planning documents matter. So do the people named in them.

Choosing an executor, trustee, financial agent, or health-care agent should not be an exercise in family hierarchy or an attempt to avoid hurting someone’s feelings.

These are jobs.

Each comes with different responsibilities, and each calls for different qualities.

At Basis Law, choosing the people who will carry out your plan is part of the planning process. We discuss what the roles actually require, the people you are considering, possible successors, and how those choices fit within the plan as a whole.

Because a thoughtful estate plan does more than say what should happen.

It considers who will be responsible for making it happen.

Ready to Start Your Estate Plan?

Basis Law PLLC assists Virginia individuals and families with developing estate plans around their circumstances, priorities, assets, and the people they trust.

During the planning process, we can discuss the individuals you are considering for important roles and how those choices fit within the broader design of your estate plan.

Schedule an estate-planning consultation with Basis Law to begin the conversation.

This article is provided for general informational and educational purposes only and does not constitute legal advice. The authority, duties, and responsibilities associated with these roles depend on the applicable documents, circumstances, and law. Reading this article, visiting this website, contacting Basis Law PLLC, or scheduling a consultation does not create an attorney-client relationship. Representation requires a written engagement agreement with Basis Law PLLC.

What to Expect When Creating an Estate Plan With Basis Law

Estate planning is sometimes presented as though the process begins with choosing documents.

Do you need a will? A trust? A power of attorney?

Those documents matter. But at Basis Law, the process begins somewhere else:

What are you trying to accomplish?

An estate plan should reflect your family, your assets, the people you trust, the decisions you want made during your lifetime, and what you want to happen after your death. That requires more than selecting documents from a checklist.

Here is what you can expect when creating an estate plan with Basis Law.

Step 1: Start With a Consultation

Every estate-planning engagement begins with a consultation.

The purpose of the consultation is not simply to decide whether you need a will or a trust. It is an opportunity to discuss your circumstances, goals, concerns, and the decisions you are trying to make.

For example:

Who should receive your property?
Who would you trust to handle financial matters if you could not?
Who should make medical decisions for you?
Are there children or other people you want to protect?
Are there particular assets that require additional consideration?
Do you already have estate-planning documents that may need to be updated?
Are there family circumstances that affect how your plan should be structured?

The consultation also allows us to discuss whether Basis Law is the right fit for your planning needs.

Step 2: Determine What Kind of Plan Makes Sense

Not everyone needs the same estate plan.

Some clients may need only a particular document. Others may benefit from a coordinated estate-planning package.

When a package is appropriate, one of the questions we may consider is whether a will-based or trust-based plan better fits the client’s circumstances and objectives.

That decision should not be made simply because someone has heard that “everyone needs a trust” or because a particular document is popular.

The appropriate structure depends on the person, the property involved, the goals of the plan, and how the different pieces are intended to work together.

During the consultation, we can discuss the available planning options and the type of engagement that may be appropriate.

Step 3: Complete the Estate-Planning Questionnaire

Once you decide to engage Basis Law, the information-gathering process becomes more detailed.

Clients complete an estate-planning questionnaire designed to gather information needed to develop the plan.

The questionnaire may ask about matters such as your family, assets, existing estate-planning documents, intended beneficiaries, and the people you are considering for important roles.

Why gather this information after the consultation?

Because the questionnaire is not intended to replace the conversation.

The initial consultation helps identify your objectives and the general direction of the planning. The questionnaire then allows us to gather the more detailed information needed to move from general goals to an actual plan.

Step 4: Design the Plan Together

After the questionnaire is completed, we meet again.

This is an important part of the process.

By this point, we have more information about your circumstances than we had during the initial consultation. We can review your responses, discuss any questions they raise, and work through the decisions that will shape your documents.

That may include discussing:

Who should serve in important decision-making roles
Who should receive particular property
How property should be distributed
Whether particular family circumstances require additional planning
How different documents should work together
Whether information disclosed through the questionnaire changes the planning approach initially discussed

Estate planning is collaborative. You bring the knowledge of your family, priorities, property, and wishes. Basis Law brings the legal knowledge needed to help translate those decisions into an estate plan.

Sometimes the information gathered during this stage means that the plan initially discussed should be adjusted. That is part of the process.

Step 5: Basis Law Drafts Your Documents

Once the design of the plan is established, Basis Law prepares the first draft of the estate-planning documents included in the engagement.

Depending on the plan, those documents may include a will, trust, power of attorney, advance medical directive, deed, or other documents appropriate for the engagement.

The goal is not simply to produce individual documents.

The documents should work together.

For example, the person authorized to act under a power of attorney may have responsibilities during your lifetime that are different from the person responsible for administering your estate after death. A trust may need to coordinate with the provisions of a will. How property is titled may also affect how the overall plan operates.

That coordination is one reason estate planning should be approached as a plan rather than a collection of forms.

Step 6: Review Your Drafts

You will receive the draft documents for review before execution.

This gives you an opportunity to read what has been prepared and provide feedback directly on the drafts.

You should not feel as though you are expected to understand every provision simply because you have received the documents.

Questions are part of the process.

If something does not reflect your wishes, raises a concern, or simply does not make sense to you, that is something we should address before the documents are signed.

Based on your feedback, appropriate revisions can be made before the documents are finalized.

Step 7: Execute the Estate Plan

Once the documents are final, we move to execution.

Estate-planning documents have legal execution requirements, so signing is more than simply adding a signature to the last page. Basis Law coordinates the execution process to help ensure the documents are executed with the required formalities.

Depending on the documents involved and the client’s circumstances, Basis Law can coordinate in-person or virtual execution.

Before the execution meeting, you will receive instructions explaining what to expect and anything you will need to have available. During the meeting, we will guide you through the signing process so you know what you are signing and how the documents work together.

The goal is to complete the planning process with properly executed documents that reflect the plan we developed together.

Estate Planning Is a Process, Not a Purchase

There is a reason the Basis Law estate-planning process involves more than one conversation.

Your circumstances may look different after we have gathered detailed information than they did during the initial consultation. A decision about one document may affect another. A beneficiary designation, property interest, family circumstance, or choice of decision-maker may raise an issue that deserves additional discussion.

The process gives us room to identify those issues before the documents are signed.

You are not simply purchasing a stack of documents.

You are making decisions about who can act for you, how your property should be handled, who should benefit from what you have built, and how the people you care about should navigate important moments in the future.

Those decisions deserve a thoughtful process.

Ready to Start Your Estate Plan?

Basis Law PLLC assists Virginia individuals and families with estate planning designed around their circumstances, priorities, and goals.

The process begins with a consultation. We will discuss what you are trying to accomplish, identify the planning questions that matter, and consider what type of estate plan may be appropriate for you.

Schedule an estate-planning consultation with Basis Law to begin the conversation.

This article is provided for general informational and educational purposes only and does not constitute legal advice. Estate-planning needs are fact-specific, and the appropriate documents and planning strategies depend on individual circumstances. Reading this article, visiting this website, contacting Basis Law PLLC, or scheduling a consultation does not create an attorney-client relationship. Representation requires a written engagement agreement with Basis Law PLLC.