Estate Planning & Elder Law
123 Bulifants Boulevard
Williamsburg, VA 23188
Estate Planning Pitfalls
Pitfalls, like potholes, are more easily avoided if you know where they are. So it is with estate planning pitfalls. In our lead article, we point out some common pitfalls to avoid while you still can.
Williamsburg, Virginia Estate Planning Attorney
Virginia Estate Planning, Elder Law, Estate Tax Planning and Asset Protection
Your Dreams, Our Knowledge...
Here’s the Process
Walter C. Zaremba, Esquire
Founder and Principal
Clients engage this firm knowing that their situation is unique; after all, no two families are alike. What we know is that initially, for almost all of our clients, it is about the dollars and “sense”: "here’s how much money we have, what plan makes sense for our family?" Through a carefully orchestrated process, clients are shown that proper estate planning includes a means of protecting the family's wealth from divorce or creditor claims while ensuring that their legacy is ultimately used to nurture their family’s values for the next generation. While clients know that protecting and preserving family relationships is just as important as growing their wealth, many never realize that a properly drafted estate plan can be the methodology used to make that dream a reality.
Occasionally, the firm is asked to help solve a painful family problem that has festered for years in hopes of saving further heartache. More often, clients call upon the firm to design plans that provide protection from frivolous lawsuits or provide a tax efficient transition of wealth from the present to succeeding generations of family members. Everyone has likely heard of or perhaps witnessed first hand someone who received an inheritance before they were mature enough to handle it properly. Most families now recognize that the inappropriate disposition of wealth to family members who are unprepared to receive it carries far more potential for harm than good. There are an array of structures that can be creatively assembled to protect family members from their own worst instincts while, at the same time, provide positive incentives for personal and professional growth and community involvement.
For successful entrepreneurs, the final step in business planning may be implementing an exit strategy that allows a transition from a focus on business to a focus on family and personal growth. The firm's mission is to assist in implementing this transition in a way that is congruent with the client’s personal goals while incorporating innovative tax-efficient strategies in the process. This transition can be made easier using innovative and distinctive approaches to family wealth counseling, personal tax planning, charitable planning, and wealth preservation planning.
Contact Zaremba Center
"We are available to speak, free of charge, to any organization. We welcome the opportunity to speak to your senior citizen group, church group, or professional group about any estate planning topic. We are often asked to speak on the topics of living trusts, special needs planning/guardianship, asset protection and medicaid planning. Contact Laurel at 757-259-0707 to discuss any speaking requests."
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